Martingale Asset Management L P raised its position in The Priceline Group Inc. (NASDAQ:PCLN) by 8.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,838 shares of the business services provider’s stock after buying an additional 140 shares during the period. Martingale Asset Management L P’s holdings in The Priceline Group were worth $3,439,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of PCLN. Shine Investment Advisory Services Inc. purchased a new stake in The Priceline Group in the 2nd quarter valued at about $105,000. Assetmark Inc. increased its stake in 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 buying an additional 7 shares during the last quarter. Capital Advisors Ltd. LLC purchased a new stake in The Priceline Group in the 2nd quarter valued at about $112,000. Proficio Capital Partners LLC increased its stake in 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 buying an additional 16 shares during the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in 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 buying an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 94.53% of the company’s stock.

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PCLN has been the subject of several analyst reports. Cowen and Company reiterated an “outperform” rating and issued a $2,000.00 price objective on shares of The Priceline Group in a research note on Tuesday, May 23rd. Needham & Company LLC reiterated a “buy” rating on shares of The Priceline Group in a research note on Wednesday, June 21st. BidaskClub upgraded shares of The Priceline Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 1st. Zacks Investment Research lowered shares of The Priceline Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, Morgan Stanley increased their price objective on shares of The Priceline Group from $1,950.00 to $2,100.00 and gave the company an “overweight” rating in a research note on Tuesday, July 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. The Priceline Group currently has an average rating of “Buy” and an average price target of $1,924.32.

The Priceline Group Inc. (PCLN) opened at 1843.20 on Friday. The Priceline Group Inc. has a one year low of $1,422.19 and a one year high of $2,067.99. The company has a market capitalization of $90.43 billion, a P/E ratio of 39.15 and a beta of 1.47. The firm has a 50-day moving average of $1,882.74 and a 200 day moving average of $1,847.92.

The Priceline Group (NASDAQ:PCLN) last posted its quarterly earnings results on Tuesday, August 8th. The business services provider reported $15.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $14.25 by $0.89. The business had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.99 billion. The Priceline Group had a net margin of 20.51% and a return on equity of 33.10%. The company’s revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the business posted $13.93 earnings per share. On average, equities analysts forecast that The Priceline Group Inc. will post $74.70 EPS for the current fiscal year.

In other The Priceline Group news, Director Jan L. Docter sold 2,500 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 320 shares in the company, valued at $600,288. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gillian Tans sold 123 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now 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 quarter, insiders sold 2,745 shares of company stock valued at $5,158,872. 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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