Ajo LP decreased its position in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 2.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,222 shares of the business services provider’s stock after selling 181 shares during the period. Ajo LP’s holdings in The Priceline Group were worth $15,379,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PCLN. Waldron LP boosted its position in shares of The Priceline Group by 68.9% during the 1st quarter. Waldron LP now owns 412 shares of the business services provider’s stock worth $732,000 after acquiring an additional 168 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of The Priceline Group by 0.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 138,147 shares of the business services provider’s stock worth $245,898,000 after acquiring an additional 1,258 shares in the last quarter. Chicago Equity Partners LLC acquired a new stake in shares of The Priceline Group during the 1st quarter worth approximately $356,000. Wrapmanager Inc. boosted its position in shares of The Priceline Group by 1.1% during the 1st quarter. Wrapmanager Inc. now owns 268 shares of the business services provider’s stock worth $477,000 after acquiring an additional 3 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC acquired a new stake in shares of The Priceline Group during the 1st quarter worth approximately $123,000. Institutional investors and hedge funds own 94.53% of the company’s stock.

The Priceline Group Inc. (PCLN) opened at 1843.53 on Friday. The company has a market cap of $90.44 billion, a P/E ratio of 39.15 and a beta of 1.47. The Priceline Group Inc. has a 52 week low of $1,416.01 and a 52 week high of $2,067.99. The company’s 50-day moving average is $1,887.94 and its 200-day moving average is $1,846.41.

The Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings results on Tuesday, August 8th. The business services provider reported $15.14 earnings per share for the quarter, beating 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 business had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the prior year, the company posted $13.93 EPS. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. On average, analysts anticipate that The Priceline Group Inc. will post $74.70 EPS for the current fiscal year.

Several analysts recently issued reports on PCLN shares. UBS AG reiterated an “overweight” rating on shares of The Priceline Group in a research report on Thursday, August 24th. SunTrust Banks, Inc. started coverage on shares of The Priceline Group in a research report on Tuesday, August 15th. They set a “buy” rating and a $2,200.00 price target on the stock. Credit Suisse Group set a $2,150.00 price target on shares of The Priceline Group and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Zacks Investment Research lowered shares of The Priceline Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, BidaskClub upgraded shares of The Priceline Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The Priceline Group has an average rating of “Buy” and a consensus price target of $1,924.32.

In other news, Director Jan L. Docter sold 2,500 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now directly owns 320 shares of the company’s stock, valued at approximately $600,288. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gillian Tans sold 123 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $1,880.38, for a total transaction of $231,286.74. Following the completion of the sale, the chief executive officer now directly owns 5,799 shares of the company’s stock, valued at $10,904,323.62. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,745 shares of company stock valued at $5,158,872. Corporate 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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