The Priceline Group Inc. (NASDAQ:PCLN) Stake Increased by Archford Capital Strategies LLC

Archford Capital Strategies LLC boosted its position in The Priceline Group Inc. (NASDAQ:PCLN) by 110.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 137 shares of the business services provider’s stock after buying an additional 72 shares during the period. Archford Capital Strategies LLC’s holdings in The Priceline Group were worth $244,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Capital Advisors Inc. OK raised its position 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 during the period. Pinnacle Bank acquired a new position in The Priceline Group during the first quarter valued at approximately $178,000. Mackenzie Financial Corp acquired a new position in The Priceline Group during the first quarter valued at approximately $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 during the period. 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 during the period. 95.22% of the stock is owned by institutional investors.

Shares of The Priceline Group Inc. (PCLN) traded down 0.16% during midday trading on Friday, reaching $1810.00. 486,075 shares of the company traded hands. The stock’s 50-day moving average is $1,946.27 and its 200-day moving average is $1,818.99. The stock has a market capitalization of $88.80 billion, a P/E ratio of 38.44 and a beta of 1.42. The Priceline Group Inc. has a 1-year low of $1,402.67 and a 1-year high of $2,067.99.

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, beating the consensus estimate of $14.25 by $0.89. The Priceline Group had a return on equity of 33.10% and a net margin of 20.51%. The business had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the prior year, the business posted $13.93 earnings per share. The Priceline Group’s revenue was up 18.3% compared to the same quarter last year. Equities analysts predict that The Priceline Group Inc. will post $74.77 EPS for the current fiscal year.

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PCLN has been the subject of several analyst reports. UBS AG reissued a “buy” rating and set a $2,100.00 target price (up previously from $1,870.00) on shares of The Priceline Group in a research report on Thursday, May 11th. Credit Suisse Group set a $2,020.00 target price on shares of The Priceline Group and gave the company a “buy” rating in a research report on Wednesday, May 10th. Needham & Company LLC reissued a “buy” rating and set a $2,200.00 target price (up previously from $1,800.00) on shares of The Priceline Group in a research report on Wednesday, May 3rd. Benchmark Co. reissued a “buy” rating and set 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. Finally, MKM Partners reissued a “buy” rating and set a $2,050.00 target price (up previously from $2,030.00) on shares of The Priceline Group in a research report on Wednesday, May 17th. 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 stock. The stock presently has an average rating of “Buy” and a consensus target price of $1,924.32.

In other The Priceline Group news, Director Jan L. Docter sold 1,500 shares of the company’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $1,857.67, for a total value of $2,786,505.00. Following the transaction, 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 is accessible through the SEC website. Also, CEO Gillian Tans sold 122 shares of the company’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $1,814.00, for a total value of $221,308.00. Following the completion of the transaction, the chief executive officer now directly owns 6,044 shares in the company, valued at $10,963,816. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,367 shares of company stock valued at $8,166,685. Company insiders own 0.42% of the company’s stock.

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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