First Heartland Consultants Inc. reduced its position in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 2.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 331 shares of the business services provider’s stock after selling 10 shares during the period. First Heartland Consultants Inc.’s holdings in The Priceline Group were worth $619,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bristlecone Advisors LLC raised its position in shares of The Priceline Group by 2.0% in the second quarter. Bristlecone Advisors LLC now owns 1,251 shares of the business services provider’s stock worth $2,340,000 after buying an additional 25 shares during the last quarter. First National Bank of Hutchinson raised its position in shares of The Priceline Group by 1.0% in the second quarter. First National Bank of Hutchinson now owns 425 shares of the business services provider’s stock worth $857,000 after buying an additional 4 shares during the last quarter. FineMark National Bank & Trust raised its position in shares of The Priceline Group by 2.3% in the second quarter. FineMark National Bank & Trust now owns 582 shares of the business services provider’s stock worth $1,089,000 after buying an additional 13 shares during the last quarter. Private Wealth Partners LLC purchased a new position in shares of The Priceline Group during the second quarter worth approximately $1,072,000. Finally, Moody Lynn & Lieberson LLC purchased a new position in shares of The Priceline Group during the second quarter worth approximately $2,744,000. Hedge funds and other institutional investors own 95.01% of the company’s stock.

The Priceline Group Inc. (NASDAQ PCLN) opened at 1854.17 on Friday. The Priceline Group Inc. has a 12-month low of $1,392.44 and a 12-month high of $2,067.99. The firm’s 50-day moving average price is $1,950.91 and its 200-day moving average price is $1,809.82. The company has a market cap of $90.96 billion, a PE ratio of 39.38 and a beta of 1.42.

The Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings data on Tuesday, August 8th. The business services provider reported $15.14 earnings per share for the quarter, beating the 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 for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the prior year, the business earned $13.93 earnings per share. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. Equities research analysts forecast that The Priceline Group Inc. will post $74.80 earnings per share for the current fiscal year.

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A number of research analysts have commented on the company. UBS AG reiterated a “buy” rating and issued a $2,100.00 price objective on shares of The Priceline Group in a research report on Thursday. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $2,200.00 price objective (up from $2,150.00) on shares of The Priceline Group in a research report on Thursday. Raymond James Financial, Inc. reiterated a “buy” rating on shares of The Priceline Group in a research report on Wednesday. Jefferies Group LLC reiterated a “buy” rating and issued a $2,300.00 price objective (up from $2,250.00) on shares of The Priceline Group in a research report on Thursday. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $2,100.00 price objective on shares of The Priceline Group in a research report on Thursday. 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 given a strong buy rating to the stock. The Priceline Group presently has an average rating of “Buy” and an average price target of $1,909.30.

In related news, Director Jan L. Docter sold 1,500 shares of the company’s stock in a transaction dated 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 owns 346 shares in the company, valued at approximately $642,753.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gillian Tans sold 122 shares of the company’s stock in a transaction dated 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 owns 6,044 shares in the company, valued at approximately $10,963,816. The disclosure for this sale can be found here. Insiders have sold 1,744 shares of company stock worth $3,245,648 in the last quarter. 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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