Private Wealth Partners LLC bought a new position in shares of The Priceline Group Inc. (NASDAQ:PCLN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 573 shares of the business services provider’s stock, valued at approximately $1,072,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in The Priceline Group by 3.0% in the first quarter. Vanguard Group Inc. now owns 3,204,680 shares of the business services provider’s stock worth $5,704,234,000 after buying an additional 93,992 shares during the last quarter. FMR LLC raised its position in The Priceline Group by 3.8% in the first quarter. FMR LLC now owns 1,840,149 shares of the business services provider’s stock worth $3,275,411,000 after buying an additional 67,569 shares during the last quarter. Jennison Associates LLC raised its position in The Priceline Group by 3.0% in the first quarter. Jennison Associates LLC now owns 810,260 shares of the business services provider’s stock worth $1,442,238,000 after buying an additional 23,694 shares during the last quarter. Edgewood Management LLC raised its position in The Priceline Group by 3.4% in the first quarter. Edgewood Management LLC now owns 568,388 shares of the business services provider’s stock worth $1,011,714,000 after buying an additional 18,746 shares during the last quarter. Finally, Janus Capital Management LLC raised its position in The Priceline Group by 1.0% in the first quarter. Janus Capital Management LLC now owns 560,060 shares of the business services provider’s stock worth $996,885,000 after buying an additional 5,434 shares during the last quarter. 95.01% of the stock is owned by institutional investors and hedge funds.

Shares of The Priceline Group Inc. (PCLN) opened at 1854.17 on Friday. The company has a market cap of $90.96 billion, a P/E ratio of 39.38 and a beta of 1.42. The Priceline Group Inc. has a 12 month low of $1,392.44 and a 12 month high of $2,067.99. The firm has a 50-day moving average price of $1,950.91 and a 200 day moving average price of $1,809.82. The Priceline Group also was the recipient of unusually large options trading on Wednesday. Stock investors purchased 17,507 call options on the company. This is an increase of 255% compared to the typical volume of 4,928 call options.

The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings results on Tuesday, August 8th. The business services provider reported $15.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $14.25 by $0.89. The Priceline Group had a return on equity of 33.10% and a net margin of 20.51%. The firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same period last year, the company earned $13.93 EPS. The Priceline Group’s quarterly revenue was up 18.3% compared to the same quarter last year. Equities analysts predict that The Priceline Group Inc. will post $74.80 earnings per share for the current year.

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PCLN has been the subject of a number of recent analyst reports. Morgan Stanley lifted their target price on The Priceline Group from $1,950.00 to $2,100.00 and gave the company an “overweight” rating in a report on Tuesday, July 18th. Cowen and Company reaffirmed an “outperform” rating and set a $2,000.00 target price on shares of The Priceline Group in a report on Tuesday, May 23rd. Jefferies Group LLC reaffirmed a “buy” rating and set a $2,300.00 target price (up previously from $2,250.00) on shares of The Priceline Group in a report on Thursday. Vetr raised The Priceline Group from a “hold” rating to a “buy” rating and set a $1,875.00 target price for the company in a report on Wednesday, May 17th. Finally, J P Morgan Chase & Co lifted their target price on The Priceline Group from $1,940.00 to $2,125.00 and gave the company an “overweight” rating in a report on Wednesday, May 10th. One 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 issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $1,909.30.

In related news, CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 6,044 shares of the company’s stock, valued at approximately $10,963,816. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jan L. Docter sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was 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 of the company’s stock, valued at $642,753.82. The disclosure for this sale can be found here. Insiders have sold a total of 1,744 shares of company stock valued at $3,245,648 over the last three months. 0.42% of the stock is owned by corporate insiders.

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.

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

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