Boston Advisors LLC Increases Stake in The Priceline Group Inc. (NASDAQ:PCLN)

Boston Advisors LLC increased its stake in The Priceline Group Inc. (NASDAQ:PCLN) by 3.2% during the second quarter, Holdings Channel reports. The institutional investor owned 20,646 shares of the business services provider’s stock after buying an additional 645 shares during the period. The Priceline Group makes up 0.9% of Boston Advisors LLC’s holdings, making the stock its 17th largest position. Boston Advisors LLC’s holdings in The Priceline Group were worth $38,619,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in PCLN. Capital Advisors Inc. OK raised its stake in The Priceline Group by 4.1% in the first quarter. Capital Advisors Inc. OK now owns 6,556 shares of the business services provider’s stock valued at $11,669,000 after buying an additional 256 shares in the last quarter. Pinnacle Bank bought a new stake in The Priceline Group during the first quarter valued at $178,000. Mackenzie Financial Corp bought a new stake in The Priceline Group during the first quarter valued at $34,546,000. Carderock Capital Management Inc. raised its stake in The Priceline Group by 163.3% in the first quarter. Carderock Capital Management Inc. now owns 1,659 shares of the business services provider’s stock valued at $2,952,000 after buying an additional 1,029 shares in the last quarter. Finally, Atria Investments LLC raised its stake in The Priceline Group by 1.2% in the first quarter. Atria Investments LLC now owns 1,209 shares of the business services provider’s stock valued at $2,152,000 after buying an additional 14 shares in the last quarter. 95.01% of the stock is owned by institutional investors and hedge funds.

The Priceline Group Inc. (PCLN) traded up 0.406% during trading on Friday, hitting $1857.135. The stock had a trading volume of 395,985 shares. The Priceline Group Inc. has a 12-month low of $1,392.44 and a 12-month high of $2,067.99. The stock has a 50 day moving average price of $1,951.16 and a 200 day moving average price of $1,807.68. The company has a market capitalization of $91.11 billion, a price-to-earnings ratio of 39.443 and a beta of 1.42. The Priceline Group also saw some unusual options trading activity on Tuesday. Stock investors purchased 15,301 put options on the company. This is an increase of 209% compared to the average volume of 4,950 put options.

The Priceline Group (NASDAQ:PCLN) last issued its earnings results on Tuesday, August 8th. The business services provider reported $15.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $14.25 by $0.89. The company had revenue of $3.02 billion for 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 Priceline Group’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $13.93 EPS. Equities research analysts forecast that The Priceline Group Inc. will post $74.80 earnings per share for the current year.

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Several analysts have recently commented on the company. Benchmark Co. reaffirmed a “buy” rating and issued a $2,050.00 target price (up previously from $1,900.00) on shares of The Priceline Group in a research report on Sunday, May 14th. Deutsche Bank AG raised their target price on The Priceline Group from $1,725.00 to $2,000.00 and gave the stock a “hold” rating in a research report on Monday, May 8th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and issued a $2,070.00 target price (up previously from $1,915.00) on shares of The Priceline Group in a research report on Monday, May 8th. Macquarie set a $1,970.00 target price on The Priceline Group and gave the stock a “buy” rating in a research report on Tuesday, April 18th. Finally, Goldman Sachs Group, Inc. (The) raised their target price on The Priceline Group from $1,750.00 to $1,850.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $1,909.30.

In other news, Director Jan L. Docter sold 1,500 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $1,857.67, for a total value of $2,786,505.00. Following the sale, the director now directly owns 346 shares of the company’s stock, valued at approximately $642,753.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Gillian Tans sold 122 shares of the company’s 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 completion of the sale, the chief executive officer now directly owns 5,922 shares in the company, valued at $11,544,761.34. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,744 shares of company stock worth $3,245,648. 0.42% of the stock is owned by insiders.

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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