First Citizens Bank & Trust Co. lowered its stake in The Priceline Group Inc. (NASDAQ:PCLN) by 6.5% during the second quarter, Holdings Channel reports. The fund owned 701 shares of the business services provider’s stock after selling 49 shares during the period. First Citizens Bank & Trust Co.’s holdings in The Priceline Group were worth $1,311,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Hartford Financial Management Inc. bought a new position in The Priceline Group during the first quarter valued at about $106,000. Webster Bank N. A. raised its position 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 last quarter. Assetmark Inc. raised its position 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 last quarter. Signature Estate & Investment Advisors LLC bought a new position in The Priceline Group during the first quarter valued at about $123,000. Finally, Proficio Capital Partners LLC raised its position 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 last quarter. Institutional investors and hedge funds own 95.01% of the company’s stock.

Shares of The Priceline Group Inc. (PCLN) traded down 0.19% on Monday, reaching $2028.90. The company’s stock had a trading volume of 164,123 shares. The firm has a market capitalization of $99.70 billion, a PE ratio of 45.80 and a beta of 1.42. The Priceline Group Inc. has a one year low of $1,336.03 and a one year high of $2,043.95. The firm has a 50-day moving average price of $1,920.50 and a 200 day moving average price of $1,790.59.

The Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings data on Tuesday, May 9th. The business services provider reported $9.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.83 by $1.05. The company had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.45 billion. The Priceline Group had a return on equity of 33.94% and a net margin of 20.12%. The Priceline Group’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $10.54 earnings per share. On average, analysts anticipate that The Priceline Group Inc. will post $74.20 earnings per share for the current fiscal year.

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Several equities analysts recently issued reports on the company. Needham & Company LLC restated a “buy” rating on shares of The Priceline Group in a research report on Wednesday, June 21st. MKM Partners restated a “buy” rating and set a $2,050.00 price target (up from $2,030.00) on shares of The Priceline Group in a research report on Wednesday, May 17th. Credit Suisse Group raised their price target on The Priceline Group from $1,925.00 to $2,050.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 2nd. Deutsche Bank AG raised their price target on The Priceline Group from $1,725.00 to $2,000.00 and gave the stock a “hold” rating in a research report on Monday, May 8th. Finally, UBS AG restated a “buy” rating and set a $2,100.00 price target (up from $1,870.00) on shares of The Priceline Group in a research report on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $1,899.45.

In other The Priceline Group news, CEO Gillian Tans sold 122 shares of the stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $1,814.00, for a total transaction of $221,308.00. Following the sale, the chief executive officer now owns 6,044 shares of the company’s stock, valued at approximately $10,963,816. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jan L. Docter sold 1,500 shares of the stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $1,857.67, for a total value of $2,786,505.00. Following the sale, the director now directly owns 346 shares in the company, valued at approximately $642,753.82. The disclosure for this sale can be found here. Insiders have sold a total of 1,744 shares of company stock worth $3,245,648 in the last ninety days. Insiders own 0.42% of the company’s stock.

The Priceline Group Company 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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