Moody Lynn & Lieberson LLC acquired a new stake in The Priceline Group Inc. (NASDAQ:PCLN) during the second quarter, Holdings Channel reports. The firm acquired 1,467 shares of the business services provider’s stock, valued at approximately $2,744,000.

Other institutional investors have also recently modified their holdings of the company. DnB Asset Management AS raised its position in shares of The Priceline Group by 3.3% in the first quarter. DnB Asset Management AS now owns 15,531 shares of the business services provider’s stock valued at $27,645,000 after buying an additional 500 shares during the last quarter. Beese Fulmer Investment Management Inc. raised its position in shares of The Priceline Group by 26.0% in the first quarter. Beese Fulmer Investment Management Inc. now owns 1,247 shares of the business services provider’s stock valued at $2,220,000 after buying an additional 257 shares during the last quarter. Carderock Capital Management Inc. raised its position in shares of The Priceline Group by 163.3% in the first quarter. Carderock Capital Management Inc. now owns 1,659 shares of the business services provider’s stock valued at $2,952,000 after buying an additional 1,029 shares during the last quarter. Regent Investment Management LLC raised its position in shares of The Priceline Group by 82.4% in the first quarter. Regent Investment Management LLC now owns 3,551 shares of the business services provider’s stock valued at $6,321,000 after buying an additional 1,604 shares during the last quarter. Finally, Pinnacle Bank purchased a new position in shares of The Priceline Group during the first quarter valued at about $178,000. 95.01% of the stock is currently owned by institutional investors.

Shares of The Priceline Group Inc. (NASDAQ PCLN) opened at 1854.17 on Friday. The stock’s 50 day moving average is $1,950.91 and its 200-day moving average is $1,809.82. The firm has a market capitalization of $90.96 billion, a P/E ratio of 39.38 and a beta of 1.42. The Priceline Group Inc. has a 52-week low of $1,392.44 and a 52-week high of $2,067.99. The Priceline Group also was the target of some unusual options trading activity on Wednesday. Traders purchased 17,507 call options on the stock. This represents an increase of 255% compared to the average daily volume of 4,928 call options.

The Priceline Group (NASDAQ:PCLN) last posted its quarterly earnings data on Tuesday, August 8th. The business services provider reported $15.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.25 by $0.89. The business had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.99 billion. The Priceline Group had a net margin of 20.51% and a return on equity of 33.10%. The business’s revenue was up 18.3% on a year-over-year basis. During the same period last year, the firm posted $13.93 earnings per share. On average, equities analysts forecast that The Priceline Group Inc. will post $74.80 earnings per share for the current fiscal year.

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Several equities analysts have issued reports on the company. Barclays PLC reaffirmed an “overweight” rating on shares of The Priceline Group in a report on Wednesday. Wells Fargo & Company reaffirmed a “hold” rating and set a $1,850.00 price objective on shares of The Priceline Group in a report on Wednesday. Royal Bank Of Canada raised their price objective on The Priceline Group from $2,000.00 to $2,050.00 and gave the stock an “outperform” rating in a report on Wednesday. Deutsche Bank AG reaffirmed a “hold” rating and set a $2,075.00 price objective (up previously from $1,950.00) on shares of The Priceline Group in a report on Wednesday. Finally, Macquarie raised their price objective on The Priceline Group from $2,000.00 to $2,200.00 and gave the stock a “positive” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, five have assigned 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 presently has an average rating of “Buy” and an average target price of $1,909.30.

In other news, CEO Gillian Tans sold 122 shares of the stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $1,949.47, for a total value of $237,835.34. Following the completion of the transaction, the chief executive officer now directly owns 5,922 shares in the company, valued at $11,544,761.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jan L. Docter sold 1,500 shares of the stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $1,857.67, for a total transaction of $2,786,505.00. Following the completion of the transaction, the director now owns 346 shares of the company’s stock, valued at $642,753.82. The disclosure for this sale can be found here. Insiders sold 1,744 shares of company stock valued at $3,245,648 over the last quarter. 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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