SVA Plumb Wealth Management LLC increased its holdings in The Priceline Group Inc. (NASDAQ:PCLN) by 0.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,933 shares of the business services provider’s stock after acquiring an additional 30 shares during the quarter. The Priceline Group makes up about 1.0% of SVA Plumb Wealth Management LLC’s investment portfolio, making the stock its 27th largest position. SVA Plumb Wealth Management LLC’s holdings in The Priceline Group were worth $7,357,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in PCLN. Shine Investment Advisory Services Inc. purchased a new stake in shares of The Priceline Group during the second quarter valued at about $105,000. Assetmark Inc. raised its position in shares of The Priceline Group by 12.5% in the 1st quarter. Assetmark Inc. now owns 63 shares of the business services provider’s stock valued at $112,000 after purchasing an additional 7 shares during the last quarter. Capital Advisors Ltd. LLC purchased a new position in shares of The Priceline Group in the 2nd quarter valued at approximately $112,000. Proficio Capital Partners LLC raised its position in shares of The Priceline Group by 29.6% in the 1st quarter. Proficio Capital Partners LLC now owns 70 shares of the business services provider’s stock valued at $129,000 after purchasing an additional 16 shares during the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of The Priceline Group by 80.0% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 90 shares of the business services provider’s stock valued at $160,000 after purchasing an additional 40 shares during the last quarter. 94.53% of the stock is owned by institutional investors.

Several brokerages recently weighed in on PCLN. BidaskClub upgraded shares of The Priceline Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 1st. Morgan Stanley raised their price objective on shares of The Priceline Group from $1,950.00 to $2,100.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 18th. Zacks Investment Research cut shares of The Priceline Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Credit Suisse Group set a $2,150.00 price objective on shares of The Priceline Group and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Finally, Cowen and Company reissued an “outperform” rating and issued a $2,000.00 price target on shares of The Priceline Group in a research note on Tuesday, May 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The Priceline Group has a consensus rating of “Buy” and a consensus price target of $1,924.32.

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The Priceline Group Inc. (PCLN) opened at 1843.20 on Friday. The firm has a market capitalization of $90.43 billion, a PE ratio of 39.15 and a beta of 1.47. The company has a 50 day moving average price of $1,882.74 and a 200-day moving average price of $1,847.92. The Priceline Group Inc. has a one year low of $1,416.01 and a one year high of $2,067.99.

The Priceline Group (NASDAQ:PCLN) last released its quarterly earnings data on Tuesday, August 8th. The business services provider reported $15.14 EPS for the quarter, beating the Zacks’ 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 earned $13.93 EPS. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. On average, equities analysts predict that The Priceline Group Inc. will post $74.70 EPS for the current year.

In other news, CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $1,949.47, for a total value of $237,835.34. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, 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. In the last quarter, insiders have sold 2,745 shares of company stock valued at $5,158,872. Corporate insiders own 0.42% of the company’s stock.

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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