RNC Capital Management LLC maintained its position in The Priceline Group Inc. (NASDAQ:PCLN) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 130 shares of the business services provider’s stock at the close of the 2nd quarter. RNC Capital Management LLC’s holdings in The Priceline Group were worth $243,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of The Priceline Group by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 3,284,464 shares of the business services provider’s stock worth $6,143,655,000 after purchasing an additional 79,784 shares during the last quarter. FMR LLC grew its stake in shares of The Priceline Group by 3.8% in the 1st quarter. FMR LLC now owns 1,840,149 shares of the business services provider’s stock worth $3,275,411,000 after purchasing an additional 67,569 shares during the last quarter. Capital World Investors grew its stake in shares of The Priceline Group by 2.1% in the 2nd quarter. Capital World Investors now owns 1,723,152 shares of the business services provider’s stock worth $3,223,190,000 after purchasing an additional 34,959 shares during the last quarter. Capital Research Global Investors grew its stake in shares of The Priceline Group by 7.1% in the 2nd quarter. Capital Research Global Investors now owns 1,622,668 shares of the business services provider’s stock worth $3,035,233,000 after purchasing an additional 108,187 shares during the last quarter. Finally, Harbour Capital Advisors LLC grew its stake in shares of The Priceline Group by 210,283.2% in the 2nd quarter. Harbour Capital Advisors LLC now owns 978,282 shares of the business services provider’s stock worth $523,000 after purchasing an additional 977,817 shares during the last quarter. Institutional investors own 94.39% of the company’s stock.

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Several equities analysts have recently issued reports on PCLN shares. BidaskClub raised shares of The Priceline Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 1st. Morgan Stanley lifted 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, UBS AG reaffirmed an “overweight” rating on shares of The Priceline Group in a research note on Thursday, August 24th. One equities 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 issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $1,961.00.

The Priceline Group Inc. (PCLN) traded up 0.03% during mid-day trading on Monday, reaching $1929.60. 90,259 shares of the company’s stock were exchanged. The company has a market cap of $94.66 billion, a PE ratio of 40.98 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 has a 50-day moving average price of $1,860.53 and a 200 day moving average price of $1,866.56.

The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings results on Tuesday, August 8th. The business services provider reported $15.14 earnings per share for the quarter, topping the consensus estimate of $14.25 by $0.89. The company had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.99 billion. The Priceline Group had a net margin of 20.51% and a return on equity of 33.10%. The business’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period last year, the business earned $13.93 EPS. Equities analysts predict that The Priceline Group Inc. will post $74.79 earnings per share for the current fiscal year.

In other news, 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 directly owns 320 shares of the company’s stock, valued at approximately $600,288. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gillian Tans sold 122 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $1,845.97, for a total transaction of $225,208.34. Following the transaction, the chief executive officer now directly owns 5,677 shares of the company’s stock, valued at $10,479,571.69. The disclosure for this sale can be found here. Insiders have sold a total of 2,745 shares of company stock valued at $5,146,245 over the last ninety days. Company insiders own 0.24% 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.

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

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