Alerus Financial NA trimmed its stake in The Priceline Group Inc. (NASDAQ:PCLN) by 2.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,955 shares of the business services provider’s stock after selling 70 shares during the period. Alerus Financial NA’s holdings in The Priceline Group were worth $5,527,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Well Done LLC grew its position in The Priceline Group by 1.2% in the second quarter. Well Done LLC now owns 175 shares of the business services provider’s stock valued at $327,000 after acquiring an additional 2 shares during the period. Wrapmanager Inc. grew its position in The Priceline Group by 1.1% in the first quarter. Wrapmanager Inc. now owns 268 shares of the business services provider’s stock valued at $477,000 after acquiring an additional 3 shares during the period. LS Investment Advisors LLC grew its position in The Priceline Group by 0.4% in the second quarter. LS Investment Advisors LLC now owns 906 shares of the business services provider’s stock valued at $1,695,000 after acquiring an additional 4 shares during the period. First National Bank of Hutchinson grew its position in The Priceline Group by 1.0% in the second quarter. First National Bank of Hutchinson now owns 425 shares of the business services provider’s stock valued at $857,000 after acquiring an additional 4 shares during the period. Finally, First Manhattan Co. grew its position in The Priceline Group by 5.3% in the first quarter. First Manhattan Co. now owns 100 shares of the business services provider’s stock valued at $147,000 after acquiring an additional 5 shares during the period. Hedge funds and other institutional investors own 94.53% of the company’s stock.

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In other news, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gillian Tans sold 122 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $1,814.00, for a total value of $221,308.00. Following the completion of the transaction, the chief executive officer now directly owns 6,044 shares in the company, valued at $10,963,816. The disclosure for this sale can be found here. Insiders have sold a total of 2,867 shares of company stock worth $5,380,180 over the last ninety days. Company insiders own 0.42% of the company’s stock.

The Priceline Group Inc. (NASDAQ:PCLN) opened at 1845.37 on Friday. The firm has a 50-day moving average price of $1,909.48 and a 200 day moving average price of $1,840.09. The firm has a market cap of $90.53 billion, a price-to-earnings ratio of 39.19 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 Priceline Group (NASDAQ:PCLN) last announced its earnings results 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 firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.99 billion. The Priceline Group had a return on equity of 33.10% and a net margin of 20.51%. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the previous year, the business earned $13.93 EPS. Equities analysts predict that The Priceline Group Inc. will post $74.70 earnings per share for the current year.

A number of brokerages have weighed in on PCLN. UBS AG reiterated an “overweight” rating on shares of The Priceline Group in a research report on Thursday, August 24th. SunTrust Banks, Inc. began coverage on The Priceline Group in a research report on Tuesday, August 15th. They issued a “buy” rating and a $2,200.00 price target on the stock. MKM Partners reiterated a “buy” rating and issued a $2,225.00 price target (up from $2,050.00) on shares of The Priceline Group in a research report on Monday, August 14th. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $2,200.00 price target (up from $2,150.00) on shares of The Priceline Group in a research report on Thursday, August 10th. Finally, Raymond James Financial, Inc. reiterated a “buy” rating on shares of The Priceline Group in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $1,924.32.

The Priceline Group Profile

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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