Canandaigua National Bank & Trust Co. held its stake in The Priceline Group Inc. (NASDAQ:PCLN) during the second quarter, Holdings Channel reports. The fund owned 230 shares of the company’s stock at the end of the second quarter. Canandaigua National Bank & Trust Co.’s holdings in The Priceline Group were worth $287,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PCLN. Granite Investment Partners LLC bought a new stake in shares of The Priceline Group during the first quarter worth approximately $526,000. Sanders Morris Harris Inc. bought a new stake in shares of The Priceline Group during the first quarter worth approximately $465,000. New Century Investment Management Inc. increased its stake in shares of The Priceline Group by 1.8% in the first quarter. New Century Investment Management Inc. now owns 573 shares of the company’s stock worth $739,000 after buying an additional 10 shares during the period. Appropriate Balance Financial Services Inc. increased its stake in shares of The Priceline Group by 18.8% in the first quarter. Appropriate Balance Financial Services Inc. now owns 524 shares of the company’s stock worth $407,000 after buying an additional 83 shares during the period. Finally, Forte Capital LLC ADV increased its stake in shares of The Priceline Group by 5.2% in the first quarter. Forte Capital LLC ADV now owns 4,039 shares of the company’s stock worth $5,206,000 after buying an additional 198 shares during the period. Hedge funds and other institutional investors own 93.99% of the company’s stock.

The Priceline Group Inc. (NASDAQ:PCLN) traded up 0.13% on Thursday, reaching $1465.87. 337,806 shares of the company traded hands. The firm has a market cap of $72.45 billion, a P/E ratio of 27.88 and a beta of 1.69. The Priceline Group Inc. has a 52-week low of $954.02 and a 52-week high of $1,476.52. The stock has a 50-day moving average price of $1,425.02 and a 200-day moving average price of $1,336.96.

The Priceline Group (NASDAQ:PCLN) last released its quarterly earnings data on Thursday, August 4th. The company reported $13.93 earnings per share for the quarter, topping the consensus estimate of $12.69 by $1.24. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.58 billion. The Priceline Group had a net margin of 27.08% and a return on equity of 32.93%. The Priceline Group’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the business earned $12.45 EPS. Analysts anticipate that The Priceline Group Inc. will post $68.78 earnings per share for the current fiscal year.

PCLN has been the subject of a number of recent research reports. Vetr downgraded The Priceline Group from a “strong-buy” rating to a “buy” rating and set a $1,362.34 price objective for the company. in a research report on Wednesday, June 29th. Jefferies Group reissued a “buy” rating and set a $1,660.00 target price on shares of The Priceline Group in a research note on Monday, June 27th. Piper Jaffray Cos. reissued a “buy” rating and set a $1,500.00 target price on shares of The Priceline Group in a research note on Tuesday, June 21st. Cantor Fitzgerald reissued a “buy” rating on shares of The Priceline Group in a research note on Thursday, June 16th. Finally, Tigress Financial reissued a “buy” rating on shares of The Priceline Group in a research note on Thursday, June 30th. Five equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $1,529.50.

In other news, insider Glenn D. Fogel sold 1,000 shares of the business’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $1,434.75, for a total transaction of $1,434,750.00. Following the transaction, the insider now directly owns 25,131 shares in the company, valued at approximately $36,056,702.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gillian Tans sold 130 shares of the business’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $1,431.98, for a total transaction of $186,157.40. Following the transaction, the chief executive officer now owns 5,788 shares in the company, valued at $8,288,300.24. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

About The Priceline Group

The Priceline Group Inc is a provider of travel and restaurant 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.

5 Day Chart for NASDAQ:PCLN

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