The Priceline Group Inc. (PCLN) Position Held by Markel Corp

Markel Corp maintained its stake in shares of The Priceline Group Inc. (NASDAQ:PCLN) during the second quarter, Holdings Channel reports. The fund owned 200 shares of the business services provider’s stock at the end of the second quarter. Markel Corp’s holdings in The Priceline Group were worth $374,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of PCLN. Nationwide Fund Advisors boosted its stake in shares of The Priceline Group by 32.8% in the first quarter. Nationwide Fund Advisors now owns 51,216 shares of the business services provider’s stock worth $91,163,000 after buying an additional 12,638 shares during the last quarter. CAPROCK Group Inc. boosted its stake in shares of The Priceline Group by 2.5% in the first quarter. CAPROCK Group Inc. now owns 207 shares of the business services provider’s stock worth $368,000 after buying an additional 5 shares during the last quarter. Retirement Systems of Alabama boosted its stake in shares of The Priceline Group by 17.9% in the first quarter. Retirement Systems of Alabama now owns 42,067 shares of the business services provider’s stock worth $74,878,000 after buying an additional 6,379 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of The Priceline Group during the first quarter worth about $240,000. Finally, Huntington National Bank boosted its stake in shares of The Priceline Group by 66.4% in the first quarter. Huntington National Bank now owns 10,015 shares of the business services provider’s stock worth $17,827,000 after buying an additional 3,997 shares during the last quarter. 95.22% of the stock is currently owned by hedge funds and other institutional investors.

Shares of The Priceline Group Inc. (PCLN) opened at 1855.72 on Thursday. The company’s 50 day moving average is $1,950.39 and its 200 day moving average is $1,817.54. The Priceline Group Inc. has a 52-week low of $1,402.67 and a 52-week high of $2,067.99. The firm has a market cap of $91.04 billion, a price-to-earnings ratio of 39.41 and a beta of 1.42.

The Priceline Group (NASDAQ:PCLN) last released its quarterly earnings results on Tuesday, August 8th. The business services provider reported $15.14 EPS for the quarter, topping the Zacks’ consensus estimate of $14.25 by $0.89. The Priceline Group had a net margin of 20.51% and a return on equity of 33.10%. The business had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the previous year, the company earned $13.93 EPS. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. Analysts anticipate that The Priceline Group Inc. will post $74.77 earnings per share for the current year.

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A number of brokerages have recently issued reports on PCLN. UBS AG reaffirmed a “buy” rating and issued a $2,100.00 target price (up from $1,870.00) on shares of The Priceline Group in a report on Thursday, May 11th. Royal Bank Of Canada upped their target price on shares of The Priceline Group from $2,000.00 to $2,050.00 and gave the company an “outperform” rating in a report on Wednesday, August 9th. Macquarie upped their target price on shares of The Priceline Group from $2,000.00 to $2,200.00 and gave the company a “positive” rating in a report on Wednesday, August 9th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $2,250.00 target price on shares of The Priceline Group in a report on Friday, August 4th. Finally, Barclays PLC reaffirmed an “overweight” rating on shares of The Priceline Group in a report on Wednesday, August 9th. One research 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 given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus 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 that occurred on Thursday, August 10th. The shares were sold at an average price of $1,875.90, for a total value of $4,689,750.00. Following the completion of the transaction, the director now owns 320 shares of the company’s stock, valued at approximately $600,288. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gillian Tans sold 122 shares of the business’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $1,949.47, for a total transaction of $237,835.34. Following the completion of the transaction, the chief executive officer now directly owns 5,922 shares of the company’s stock, valued at approximately $11,544,761.34. The disclosure for this sale can be found here. In the last three months, insiders sold 4,244 shares of company stock valued at $7,935,398. 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.

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

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