The Priceline Group Inc. (NASDAQ:PCLN) Shares Bought by Bragg Financial Advisors Inc

Bragg Financial Advisors Inc boosted its position in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 19.8% during the first quarter, Holdings Channel reports. The firm owned 1,132 shares of the business services provider’s stock after buying an additional 187 shares during the period. Bragg Financial Advisors Inc’s holdings in The Priceline Group were worth $2,015,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of PCLN. Quadrature Capital Ltd purchased a new stake in shares of The Priceline Group during the fourth quarter worth $31,935,000. Baltimore Washington Financial Advisors Inc. raised its stake in shares of The Priceline Group by 1.2% in the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 4,436 shares of the business services provider’s stock worth $6,503,000 after buying an additional 53 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of The Priceline Group during the fourth quarter worth $118,000. Teachers Advisors LLC raised its stake in shares of The Priceline Group by 39.8% in the fourth quarter. Teachers Advisors LLC now owns 91,651 shares of the business services provider’s stock worth $134,366,000 after buying an additional 26,084 shares during the period. Finally, Kentucky Retirement Systems purchased a new stake in shares of The Priceline Group during the fourth quarter worth $5,250,000. 95.23% of the stock is owned by institutional investors and hedge funds.

Shares of The Priceline Group Inc. (NASDAQ:PCLN) opened at 2016.91 on Wednesday. The stock has a 50 day moving average price of $1,893.84 and a 200-day moving average price of $1,769.09. The Priceline Group Inc. has a 52 week low of $1,310.00 and a 52 week high of $2,023.37. The stock has a market cap of $99.11 billion, a P/E ratio of 45.53 and a beta of 1.41.

The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings results on Tuesday, May 9th. The business services provider reported $9.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $8.83 by $1.05. The firm had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.45 billion. The Priceline Group had a return on equity of 33.94% and a net margin of 20.12%. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $10.54 EPS. Equities analysts predict that The Priceline Group Inc. will post $73.94 EPS for the current fiscal year.

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Several research firms have recently commented on PCLN. Moffett Nathanson lowered The Priceline Group from a “buy” rating to a “neutral” rating and set a $1,850.00 price target for the company. in a research report on Monday, April 3rd. Vetr raised The Priceline Group from a “sell” rating to a “hold” rating and set a $1,759.00 price target for the company in a research report on Monday, April 3rd. Credit Suisse Group set a $1,935.00 price target on The Priceline Group and gave the stock a “buy” rating in a research report on Saturday, April 8th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $2,000.00 price target (up from $1,860.00) on shares of The Priceline Group in a research report on Thursday, April 13th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $1,850.00 price target on shares of The Priceline Group in a research report on Monday, April 17th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $1,944.62.

In other news, Director Jan L. Docter sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $1,857.67, for a total transaction of $2,786,505.00. Following the sale, the director now owns 346 shares of the company’s stock, valued at approximately $642,753.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gillian Tans sold 122 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 6,044 shares in the company, valued at approximately $10,963,816. The disclosure for this sale can be found here. Insiders sold a total of 1,744 shares of company stock worth $3,245,648 in the last ninety days. 0.42% of the stock is owned by corporate insiders.

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.

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

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