Adams Diversified Equity Fund Inc. held its stake in The Priceline Group Inc. (NASDAQ:PCLN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,300 shares of the business services provider’s stock at the end of the second quarter. Adams Diversified Equity Fund Inc.’s holdings in The Priceline Group were worth $19,266,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Hartford Financial Management Inc. acquired a new stake in The Priceline Group during the first quarter valued at $106,000. Webster Bank N. A. boosted its stake in The Priceline Group by 24.0% in the first quarter. Webster Bank N. A. now owns 62 shares of the business services provider’s stock valued at $110,000 after buying an additional 12 shares during the period. Assetmark Inc. boosted its stake in The Priceline Group by 12.5% in the first quarter. Assetmark Inc. now owns 63 shares of the business services provider’s stock valued at $112,000 after buying an additional 7 shares during the period. Signature Estate & Investment Advisors LLC acquired a new stake in The Priceline Group during the first quarter valued at $123,000. Finally, Proficio Capital Partners LLC boosted its stake in The Priceline Group by 29.6% in the first quarter. Proficio Capital Partners LLC now owns 70 shares of the business services provider’s stock valued at $129,000 after buying an additional 16 shares during the period. Institutional investors and hedge funds own 95.19% of the company’s stock.

The Priceline Group Inc. (NASDAQ PCLN) traded up 0.24% during mid-day trading on Friday, hitting $2032.77. The company’s stock had a trading volume of 333,534 shares. The firm’s 50-day moving average is $1,920.50 and its 200-day moving average is $1,790.59. The Priceline Group Inc. has a 12-month low of $1,336.03 and a 12-month high of $2,043.95. The company has a market cap of $99.89 billion, a P/E ratio of 45.89 and a beta of 1.42.

The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings results on Tuesday, May 9th. The business services provider reported $9.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.83 by $1.05. The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.45 billion. The Priceline Group had a return on equity of 33.94% and a net margin of 20.12%. The business’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the firm posted $10.54 earnings per share. Analysts predict that The Priceline Group Inc. will post $74.11 EPS for the current fiscal year.

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Several equities research analysts have weighed in on PCLN shares. Macquarie set a $1,970.00 price objective on The Priceline Group and gave the stock a “buy” rating in a report on Tuesday, April 18th. Credit Suisse Group set a $1,935.00 price objective on The Priceline Group and gave the stock a “buy” rating in a report on Saturday, April 8th. Needham & Company LLC reiterated a “buy” rating and issued a $2,200.00 price objective (up previously from $1,800.00) on shares of The Priceline Group in a report on Wednesday, May 3rd. UBS AG reiterated a “buy” rating and issued a $2,100.00 price objective (up previously from $1,870.00) on shares of The Priceline Group in a report on Thursday, May 11th. Finally, Benchmark Co. reiterated a “buy” rating and issued a $2,050.00 price objective (up previously from $1,900.00) on shares of The Priceline Group in a report on Sunday, May 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. The Priceline Group presently has a consensus rating of “Buy” and an average target price of $1,899.45.

In other news, Director Jan L. Docter sold 1,500 shares of the company’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $1,857.67, for a total transaction of $2,786,505.00. Following the transaction, the director now directly owns 346 shares of the company’s stock, valued at $642,753.82. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Gillian Tans sold 122 shares of the company’s stock in a transaction on Friday, July 14th. The stock was sold at an average price of $1,949.47, for a total value of $237,835.34. Following the transaction, the chief executive officer now directly owns 5,922 shares in the company, valued at $11,544,761.34. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,744 shares of company stock worth $3,245,648. Insiders own 0.42% of the company’s stock.

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.

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

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