First National Bank of Hutchinson boosted its stake in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 425 shares of the business services provider’s stock after buying an additional 4 shares during the period. The Priceline Group makes up about 0.5% of First National Bank of Hutchinson’s portfolio, making the stock its 23rd largest position. First National Bank of Hutchinson’s holdings in The Priceline Group were worth $857,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Hartford Financial Management Inc. purchased a new stake in shares of The Priceline Group during the first quarter valued at approximately $106,000. Webster Bank N. A. increased its stake in shares of 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. increased its stake in shares of 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 purchased a new stake in shares of The Priceline Group during the first quarter valued at approximately $123,000. Finally, Proficio Capital Partners LLC increased its stake in shares of 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. 95.01% of the stock is owned by hedge funds and other institutional investors.

Shares of The Priceline Group Inc. (NASDAQ:PCLN) opened at 1854.17 on Friday. The firm has a market cap of $90.96 billion, a PE 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 firm has a 50-day moving average of $1,950.91 and a 200-day moving average of $1,809.82. The Priceline Group also was the target of some unusual options trading activity on Wednesday. Investors bought 17,507 call options on the company. This represents an increase of approximately 255% compared to the typical volume of 4,928 call options.

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

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Several equities research analysts have commented on the stock. Credit Suisse Group reaffirmed an “outperform” rating and issued a $2,070.00 target price (down previously from $2,150.00) on shares of The Priceline Group in a research note on Wednesday. Needham & Company LLC reaffirmed a “buy” rating on shares of The Priceline Group in a research note on Wednesday, June 21st. MKM Partners reaffirmed a “buy” rating and issued a $2,050.00 target price (up previously from $2,030.00) on shares of The Priceline Group in a research note on Wednesday, May 17th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $2,100.00 target price on shares of The Priceline Group in a research note on Thursday. Finally, Deutsche Bank AG upped their target price on shares of The Priceline Group from $1,725.00 to $2,000.00 and gave the company a “hold” rating in a research note on Monday, May 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $1,909.30.

In other news, Director Jan L. Docter sold 1,500 shares of the company’s 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 completion of the sale, the director now owns 346 shares in the company, valued at approximately $642,753.82. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction of $237,835.34. Following the completion of the sale, the chief executive officer now owns 5,922 shares of the company’s stock, valued at approximately $11,544,761.34. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,744 shares of company stock valued at $3,245,648. Company 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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