Principal Financial Group Inc. boosted its position in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 0.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,905 shares of the business services provider’s stock after acquiring an additional 236 shares during the quarter. Principal Financial Group Inc. owned 0.15% of The Priceline Group worth $138,241,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PCLN. Vanguard Group Inc. raised its position in shares of The Priceline Group by 3.0% in the first quarter. Vanguard Group Inc. now owns 3,204,680 shares of the business services provider’s stock valued at $5,704,234,000 after purchasing an additional 93,992 shares during the period. FMR LLC raised its position in shares of The Priceline Group by 3.8% in the first quarter. FMR LLC now owns 1,840,149 shares of the business services provider’s stock valued at $3,275,411,000 after purchasing an additional 67,569 shares during the period. Harbour Capital Advisors LLC raised its position in shares of The Priceline Group by 210,283.2% in the second quarter. Harbour Capital Advisors LLC now owns 978,282 shares of the business services provider’s stock valued at $523,000 after purchasing an additional 977,817 shares during the period. Jennison Associates LLC raised its position in shares of The Priceline Group by 6.4% in the second quarter. Jennison Associates LLC now owns 862,773 shares of the business services provider’s stock valued at $1,613,834,000 after purchasing an additional 52,133 shares during the period. Finally, Edgewood Management LLC raised its position in shares of The Priceline Group by 3.4% in the first quarter. Edgewood Management LLC now owns 568,388 shares of the business services provider’s stock valued at $1,011,714,000 after purchasing an additional 18,746 shares during the period. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on PCLN shares. Vetr raised shares of The Priceline Group from a “hold” rating to a “buy” rating and set a $1,875.00 price objective on the stock in a research report on Wednesday, May 17th. MKM Partners reissued a “buy” rating and issued a $2,050.00 price objective (up from $2,030.00) on shares of The Priceline Group in a research report on Wednesday, May 17th. Benchmark Co. reissued a “buy” rating and issued a $2,050.00 price objective (up from $1,900.00) on shares of The Priceline Group in a research report on Sunday, May 14th. Needham & Company LLC reissued a “buy” rating and issued a $2,200.00 price objective on shares of The Priceline Group in a research report on Wednesday, May 10th. Finally, UBS AG reissued a “buy” rating and issued a $2,100.00 price objective (up from $1,870.00) on shares of The Priceline Group in a research report on Thursday, May 11th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $1,924.32.

In other news, CEO Gillian Tans sold 122 shares of the business’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $1,949.47, for a total transaction of $237,835.34. Following the completion of the transaction, the chief executive officer now owns 5,922 shares of the company’s stock, valued at $11,544,761.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jan L. Docter sold 2,500 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $1,875.90, for a total value of $4,689,750.00. Following the transaction, the director now directly owns 320 shares of the company’s stock, valued at approximately $600,288. The disclosure for this sale can be found here. Insiders have sold 2,867 shares of company stock valued at $5,380,180 in the last three months. 0.42% of the stock is owned by insiders.

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Shares of The Priceline Group Inc. (NASDAQ:PCLN) opened at 1842.89 on Wednesday. The firm has a market capitalization of $90.41 billion, a P/E ratio of 39.14 and a beta of 1.47. The Priceline Group Inc. has a 1-year low of $1,402.67 and a 1-year high of $2,067.99. The stock has a 50 day moving average of $1,917.49 and a 200-day moving average of $1,840.03.

The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings data on Tuesday, August 8th. The business services provider reported $15.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $14.25 by $0.89. The Priceline Group had a return on equity of 33.10% and a net margin of 20.51%. The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the previous year, the firm earned $13.93 earnings per share. The Priceline Group’s revenue was up 18.3% on a year-over-year basis. On average, equities analysts expect that The Priceline Group Inc. will post $74.70 earnings per share for the current year.

About The Priceline Group

The Priceline Group Inc is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.

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Institutional Ownership by Quarter for The Priceline Group (NASDAQ:PCLN)

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