Strategic Global Advisors LLC reduced its position in The Priceline Group Inc. (NASDAQ:PCLN) by 34.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 251 shares of the business services provider’s stock after selling 130 shares during the period. Strategic Global Advisors LLC’s holdings in The Priceline Group were worth $470,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Shine Investment Advisory Services Inc. bought a new stake in The Priceline Group in the 2nd quarter worth approximately $105,000. Capital Advisors Ltd. LLC bought a new stake in The Priceline Group in the 2nd quarter worth approximately $112,000. Assetmark Inc. grew its position in The Priceline Group by 12.5% in the 1st quarter. Assetmark Inc. now owns 63 shares of the business services provider’s stock worth $112,000 after purchasing an additional 7 shares during the period. Proficio Capital Partners LLC grew its position 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 worth $129,000 after purchasing an additional 16 shares during the period. Finally, TCI Wealth Advisors Inc. grew its position in The Priceline Group by 8.7% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 75 shares of the business services provider’s stock worth $140,000 after purchasing an additional 6 shares during the period. Institutional investors own 94.44% of the company’s stock.

In other The Priceline Group news, CEO Gillian Tans sold 122 shares of The Priceline Group stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $1,949.47, for a total transaction of $237,835.34. Following the transaction, the chief executive officer now directly owns 5,922 shares of the company’s stock, valued at $11,544,761.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jan L. Docter sold 2,500 shares of The Priceline Group stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $1,875.90, for a total transaction of $4,689,750.00. Following the transaction, the director now directly owns 320 shares in the company, valued at $600,288. The disclosure for this sale can be found here. Insiders have sold 2,745 shares of company stock worth $5,158,872 over the last ninety days. 0.42% of the stock is owned by insiders.

The Priceline Group Inc. (PCLN) traded up 1.05% during mid-day trading on Monday, reaching $1862.58. 32,752 shares of the company were exchanged. The company has a 50 day moving average of $1,882.74 and a 200-day moving average of $1,847.92. The Priceline Group Inc. has a 1-year low of $1,422.19 and a 1-year high of $2,067.99. The company has a market capitalization of $91.38 billion, a price-to-earnings ratio of 39.56 and a beta of 1.47.

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 analysts’ consensus estimates of $14.25 by $0.89. The firm had revenue of $3.02 billion for 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 Priceline Group’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the business posted $13.93 earnings per share. On average, equities research analysts forecast that The Priceline Group Inc. will post $74.70 EPS for the current year.

A number of equities research analysts have commented 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 report on Tuesday, May 23rd. Needham & Company LLC reaffirmed a “buy” rating on shares of The Priceline Group in a research report on Wednesday, June 21st. BidaskClub raised shares of The Priceline Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 1st. Zacks Investment Research downgraded shares of The Priceline Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, Morgan Stanley lifted their target price on shares of The Priceline Group from $1,950.00 to $2,100.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 18th. One 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. The Priceline Group has a consensus rating of “Buy” and an average price target of $1,924.32.

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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.

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

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