Pittenger & Anderson Inc. held its position in shares of The Priceline Group Inc. (NASDAQ:PCLN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72 shares of the business services provider’s stock at the end of the 2nd quarter. Pittenger & Anderson Inc.’s holdings in The Priceline Group were worth $135,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of The Priceline Group by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 3,204,680 shares of the business services provider’s stock valued at $5,704,234,000 after acquiring an additional 93,992 shares in the last quarter. FMR LLC raised its holdings in shares of The Priceline Group by 3.8% in the 1st quarter. FMR LLC now owns 1,840,149 shares of the business services provider’s stock valued at $3,275,411,000 after acquiring an additional 67,569 shares in the last quarter. Harbour Capital Advisors LLC raised its holdings in shares of The Priceline Group by 210,283.2% in the 2nd quarter. Harbour Capital Advisors LLC now owns 978,282 shares of the business services provider’s stock valued at $523,000 after acquiring an additional 977,817 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of The Priceline Group by 6.4% in the 2nd quarter. Jennison Associates LLC now owns 862,773 shares of the business services provider’s stock valued at $1,613,834,000 after acquiring an additional 52,133 shares in the last quarter. Finally, Edgewood Management LLC raised its holdings in shares of The Priceline Group by 3.4% in the 1st quarter. Edgewood Management LLC now owns 568,388 shares of the business services provider’s stock valued at $1,011,714,000 after acquiring an additional 18,746 shares in the last quarter. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have weighed in on PCLN shares. Morgan Stanley raised their price target 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 issued a $2,000.00 price target on shares of The Priceline Group in a report on Tuesday, May 23rd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $2,300.00 price target (up previously from $2,250.00) on shares of The Priceline Group in a report on Thursday, August 10th. Vetr raised The Priceline Group from a “hold” rating to a “buy” rating and set a $1,875.00 price target on the stock in a report on Wednesday, May 17th. Finally, UBS AG reiterated a “buy” rating and set a $2,100.00 price objective on shares of The Priceline Group in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $1,924.32.

The Priceline Group Inc. (NASDAQ PCLN) opened at 1871.17 on Thursday. The stock has a 50 day moving average price of $1,897.47 and a 200 day moving average price of $1,846.24. The stock has a market cap of $91.80 billion, a PE ratio of 39.74 and a beta of 1.47. The Priceline Group Inc. has a 1-year low of $1,416.01 and a 1-year high of $2,067.99.

The Priceline Group (NASDAQ:PCLN) last announced its earnings results 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 for the quarter, compared to analysts’ expectations of $2.99 billion. The Priceline Group had a return on equity of 33.10% and a net margin of 20.51%. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter last year, the firm earned $13.93 EPS. On average, analysts predict that The Priceline Group Inc. will post $74.70 EPS for the current fiscal year.

In other news, CEO Gillian Tans sold 122 shares of the 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 in the company, valued at approximately $11,544,761.34. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jan L. Docter sold 2,500 shares of the stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $1,875.90, for a total value of $4,689,750.00. Following the sale, the director now owns 320 shares of the company’s stock, valued at approximately $600,288. The disclosure for this sale can be found here. Insiders have sold a total of 2,745 shares of company stock worth $5,158,872 in the last ninety days. Insiders own 0.42% of the company’s stock.

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The Priceline Group 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.

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

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