Livforsakringsbolaget Skandia Omsesidigt Boosts Position in The Priceline Group Inc. (NASDAQ:PCLN)

Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 7.1% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,504 shares of the business services provider’s stock after buying an additional 100 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in The Priceline Group were worth $2,813,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Capital Advisors Inc. OK boosted its stake in shares of 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 worth $11,669,000 after buying an additional 256 shares in the last quarter. Pinnacle Bank acquired a new stake in shares of The Priceline Group during the first quarter worth $178,000. Mackenzie Financial Corp acquired a new stake in shares of The Priceline Group during the first quarter worth $34,546,000. Carderock Capital Management Inc. boosted its stake in shares of 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 worth $2,952,000 after buying an additional 1,029 shares in the last quarter. Finally, Atria Investments LLC boosted its stake in shares of 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 worth $2,152,000 after buying an additional 14 shares in the last quarter. Institutional investors and hedge funds own 95.22% of the company’s stock.

Shares of The Priceline Group Inc. (NASDAQ PCLN) opened at 1810.00 on Friday. The stock’s 50 day moving average is $1,946.27 and its 200-day moving average is $1,818.99. The Priceline Group Inc. has a one year low of $1,402.67 and a one year high of $2,067.99. 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 (NASDAQ:PCLN) last posted its quarterly earnings data on Tuesday, August 8th. The business services provider reported $15.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $14.25 by $0.89. The firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.99 billion. The Priceline Group had a return on equity of 33.10% and a net margin of 20.51%. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $13.93 EPS. On average, equities research analysts expect that The Priceline Group Inc. will post $74.77 EPS for the current year.

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PCLN has been the subject of a number of recent research reports. UBS AG reiterated a “buy” rating and set a $2,100.00 price target (up previously from $1,870.00) on shares of The Priceline Group in a research note on Thursday, May 11th. Credit Suisse Group set a $2,020.00 price target on shares of The Priceline Group and gave the stock a “buy” rating in a research note on Wednesday, May 10th. Needham & Company LLC reiterated a “buy” rating and set a $2,200.00 price target (up previously from $1,800.00) on shares of The Priceline Group in a research note on Wednesday, May 3rd. Benchmark Co. restated 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 note on Sunday, May 14th. Finally, MKM Partners restated a “buy” rating and issued a $2,050.00 target price (up previously from $2,030.00) on shares of The Priceline Group in a research note on Wednesday, May 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $1,924.32.

In other The Priceline Group news, Director Jan L. Docter sold 2,500 shares of the business’s 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 sale, the director now owns 320 shares in the company, valued at approximately $600,288. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Jan L. Docter sold 1,500 shares of the business’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 sale, the director now owns 346 shares in the company, valued at approximately $642,753.82. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,367 shares of company stock worth $8,166,685. Corporate insiders own 0.42% 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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