Affinity Wealth Management decreased its holdings in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 0.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 480 shares of the business services provider’s stock after selling 1 shares during the quarter. The Priceline Group accounts for approximately 0.6% of Affinity Wealth Management’s portfolio, making the stock its 12th largest position. Affinity Wealth Management’s holdings in The Priceline Group were worth $900,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of PCLN. Waldron LP boosted its stake in The Priceline Group by 68.9% in the first quarter. Waldron LP now owns 412 shares of the business services provider’s stock worth $732,000 after buying an additional 168 shares in the last quarter. Chicago Equity Partners LLC purchased a new stake in The Priceline Group in the first quarter worth approximately $356,000. Cypress Capital Management LLC boosted its stake in The Priceline Group by 27.7% in the first quarter. Cypress Capital Management LLC now owns 323 shares of the business services provider’s stock worth $575,000 after buying an additional 70 shares in the last quarter. Rhumbline Advisers boosted its stake in The Priceline Group by 1.3% in the first quarter. Rhumbline Advisers now owns 80,539 shares of the business services provider’s stock worth $143,357,000 after buying an additional 1,065 shares in the last quarter. Finally, Summit Securities Group LLC boosted its stake in The Priceline Group by 183.0% in the first quarter. Summit Securities Group LLC now owns 2,867 shares of the business services provider’s stock worth $5,103,000 after buying an additional 1,854 shares in the last quarter. 94.53% of the stock is owned by institutional investors.

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 cap of $90.43 billion, a P/E ratio of 39.15 and a beta of 1.47. The company’s 50 day moving average price is $1,882.74 and its 200-day moving average price is $1,847.92.

The Priceline Group (NASDAQ:PCLN) last announced its earnings results on Tuesday, August 8th. The business services provider reported $15.14 EPS for the quarter, topping the Zacks’ consensus estimate of $14.25 by $0.89. The firm had revenue of $3.02 billion during 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 company’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $13.93 EPS. On average, analysts forecast that The Priceline Group Inc. will post $74.70 EPS for the current fiscal year.

Several analysts have issued reports on PCLN shares. Cowen and Company reaffirmed an “outperform” rating and issued a $2,000.00 target price on shares of The Priceline Group in a research note on Tuesday, May 23rd. Needham & Company LLC reaffirmed a “buy” rating on shares of The Priceline Group in a research note on Wednesday, June 21st. BidaskClub raised The Priceline Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 1st. Zacks Investment Research lowered The Priceline Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, Morgan Stanley upped their target price on 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. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $1,924.32.

In other news, CEO Gillian Tans sold 123 shares of The Priceline Group 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 value of $231,286.74. Following the completion of the transaction, the chief executive officer now owns 5,799 shares in the company, valued at approximately $10,904,323.62. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jan L. Docter sold 2,500 shares of The Priceline Group stock in a transaction that occurred on Thursday, August 10th. The stock was 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 sold 2,745 shares of company stock valued at $5,158,872. Company insiders own 0.42% of the company’s stock.

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The Priceline Group Company 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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