Smithfield Trust Co. maintained its position in shares of The Priceline Group Inc. (NASDAQ:PCLN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75 shares of the business services provider’s stock at the end of the second quarter. Smithfield Trust Co.’s holdings in The Priceline Group were worth $140,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Well Done LLC increased its position in shares of The Priceline Group by 1.2% in the second quarter. Well Done LLC now owns 175 shares of the business services provider’s stock valued at $327,000 after buying an additional 2 shares in the last quarter. Wrapmanager Inc. increased its position in shares of The Priceline Group by 1.1% in the first quarter. Wrapmanager Inc. now owns 268 shares of the business services provider’s stock valued at $477,000 after buying an additional 3 shares in the last quarter. LS Investment Advisors LLC increased its position in shares of The Priceline Group by 0.4% in the second quarter. LS Investment Advisors LLC now owns 906 shares of the business services provider’s stock valued at $1,695,000 after buying an additional 4 shares in the last quarter. First National Bank of Hutchinson increased 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 valued at $857,000 after buying an additional 4 shares in the last quarter. Finally, CAPROCK Group Inc. increased its position in shares of The Priceline Group by 2.5% in the first quarter. CAPROCK Group Inc. now owns 207 shares of the business services provider’s stock valued at $368,000 after buying an additional 5 shares in the last quarter. Institutional investors and hedge funds own 95.22% of the company’s stock.

Shares of The Priceline Group Inc. (NASDAQ PCLN) opened at 1812.97 on Friday. The stock has a 50 day moving average price of $1,948.18 and a 200-day moving average price of $1,817.51. The Priceline Group Inc. has a 12 month low of $1,402.67 and a 12 month high of $2,067.99. The company has a market capitalization of $88.94 billion, a price-to-earnings ratio of 38.51 and a beta of 1.42.

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 for the quarter, topping the 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 for the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the prior year, the business posted $13.93 earnings per share. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. Analysts expect that The Priceline Group Inc. will post $74.77 earnings per share for the current fiscal year.

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Several research analysts have commented on the company. UBS AG restated a “buy” rating and issued a $2,100.00 target price (up previously from $1,870.00) on shares of The Priceline Group in a research note on Thursday, May 11th. Vetr upgraded The Priceline Group from a “sell” rating to a “hold” rating and set a $1,875.00 target price for the company in a research note on Thursday, May 11th. Piper Jaffray Companies restated an “overweight” rating and issued a $110.00 target price (down previously from $2,150.00) on shares of The Priceline Group in a research note on Friday, July 28th. Barclays PLC restated an “overweight” rating on shares of The Priceline Group in a research note on Wednesday, August 9th. Finally, Susquehanna Bancshares Inc restated a “positive” rating and issued a $2,200.00 target price (up previously from $2,150.00) on shares of The Priceline Group in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $1,924.32.

In other news, CEO Gillian Tans sold 122 shares of the 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 value of $221,308.00. Following the sale, the chief executive officer now directly owns 6,044 shares in the company, valued at $10,963,816. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jan L. Docter sold 1,500 shares of the 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 completion of the sale, the director now owns 346 shares in the company, valued at $642,753.82. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,367 shares of company stock worth $8,166,685. Company insiders own 0.42% of the company’s stock.

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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