D.A. Davidson & CO. decreased its position in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 9.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,336 shares of the business services provider’s stock after selling 335 shares during the period. D.A. Davidson & CO.’s holdings in The Priceline Group were worth $6,240,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harbour Capital Advisors LLC increased its holdings in shares of The Priceline Group by 210,283.2% in the second quarter. Harbour Capital Advisors LLC now owns 978,282 shares of the business services provider’s stock valued at $523,000 after purchasing an additional 977,817 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of The Priceline Group in the first quarter valued at approximately $358,128,000. Vanguard Group Inc. increased its holdings in shares of The Priceline Group by 3.0% in the first quarter. Vanguard Group Inc. now owns 3,204,680 shares of the business services provider’s stock valued at $5,704,234,000 after purchasing an additional 93,992 shares in the last quarter. Schroder Investment Management Group increased its holdings in shares of The Priceline Group by 689.5% in the first quarter. Schroder Investment Management Group now owns 85,556 shares of the business services provider’s stock valued at $153,077,000 after purchasing an additional 74,719 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of The Priceline Group by 3.8% in the first quarter. FMR LLC now owns 1,840,149 shares of the business services provider’s stock valued at $3,275,411,000 after purchasing an additional 67,569 shares in the last quarter. 94.44% of the stock is owned by institutional investors.

PCLN has been the subject of a number of research reports. Needham & Company LLC reissued a “buy” rating on shares of The Priceline Group in a report on Wednesday, June 21st. BidaskClub raised 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 cut shares of The Priceline Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Morgan Stanley raised 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. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $110.00 price objective (down from $2,150.00) on shares of The Priceline Group in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. The Priceline Group presently has an average rating of “Buy” and a consensus price target of $1,924.32.

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In other news, CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $1,845.97, for a total value of $225,208.34. Following the completion of the transaction, the chief executive officer now directly owns 5,677 shares in the company, valued at $10,479,571.69. The transaction was disclosed in a document filed 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 that occurred on Thursday, August 10th. The shares were sold at an average price of $1,875.90, for a total transaction of $4,689,750.00. Following the completion of the transaction, the director now owns 320 shares of the company’s stock, valued at $600,288. The disclosure for this sale can be found here. Insiders sold 2,867 shares of company stock valued at $5,384,080 over the last 90 days. 0.42% of the stock is owned by company insiders.

Shares of The Priceline Group Inc. (NASDAQ PCLN) traded down 0.32% during mid-day trading on Thursday, hitting $1860.28. 42,767 shares of the stock were exchanged. The stock has a market capitalization of $91.26 billion, a price-to-earnings ratio of 39.51 and a beta of 1.47. The Priceline Group Inc. has a 52 week low of $1,422.19 and a 52 week high of $2,067.99. The stock’s 50-day moving average is $1,873.07 and its 200-day moving average is $1,851.42.

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 analysts’ consensus estimates 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 company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same period last year, the business earned $13.93 earnings per share. The Priceline Group’s revenue was up 18.3% compared to the same quarter last year. Analysts forecast that The Priceline Group Inc. will post $74.70 earnings per share for the current fiscal year.

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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