The Priceline Group Inc. (PCLN) Holdings Boosted by Argent Trust Co

Argent Trust Co raised its holdings in The Priceline Group Inc. (NASDAQ:PCLN) by 0.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 767 shares of the business services provider’s stock after buying an additional 5 shares during the quarter. Argent Trust Co’s holdings in The Priceline Group were worth $1,434,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of The Priceline Group by 23.7% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 678 shares of the business services provider’s stock worth $1,268,000 after purchasing an additional 130 shares during the period. Calamos Wealth Management LLC acquired a new position in shares of The Priceline Group during the second quarter worth approximately $1,539,000. Intercontinental Wealth Advisors LLC acquired a new position in shares of The Priceline Group during the second quarter worth approximately $273,000. Flagship Harbor Advisors LLC raised its position in shares of The Priceline Group by 6.2% during the second quarter. Flagship Harbor Advisors LLC now owns 257 shares of the business services provider’s stock worth $496,000 after purchasing an additional 15 shares during the period. Finally, Hosking Partners LLP raised its position in shares of The Priceline Group by 1.6% during the second quarter. Hosking Partners LLP now owns 44,630 shares of the business services provider’s stock worth $83,481,000 after purchasing an additional 716 shares during the period. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

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In related news, Director Jan L. Docter sold 2,500 shares of the company’s stock in a transaction on 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 completion of the sale, the director now owns 320 shares in the company, valued at $600,288. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gillian Tans sold 122 shares of the company’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $1,949.47, for a total value of $237,835.34. Following the sale, the chief executive officer now 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 quarter, insiders have sold 2,867 shares of company stock valued at $5,380,180. 0.42% of the stock is owned by company insiders.

A number of brokerages have recently weighed in on PCLN. Macquarie upped their target price on The Priceline Group from $2,000.00 to $2,200.00 and gave the stock a “positive” rating in a research report on Wednesday, August 9th. Credit Suisse Group reaffirmed an “outperform” rating and set a $2,070.00 target price (down from $2,150.00) on shares of The Priceline Group in a research report on Wednesday, August 9th. Royal Bank Of Canada upped their target price on The Priceline Group from $2,000.00 to $2,050.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. Wells Fargo & Company reaffirmed a “hold” rating and set a $1,850.00 target price on shares of The Priceline Group in a research report on Wednesday, August 9th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $2,075.00 target price (up from $1,950.00) on shares of The Priceline Group in a research report on Wednesday, August 9th. One equities 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 issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $1,924.32.

The Priceline Group Inc. (NASDAQ:PCLN) opened at 1868.86 on Tuesday. The company has a market cap of $91.68 billion, a P/E ratio of 39.69 and a beta of 1.47. The Priceline Group Inc. has a 1-year low of $1,405.53 and a 1-year high of $2,067.99. The stock’s 50 day moving average price is $1,902.24 and its 200 day moving average price is $1,844.34.

The Priceline Group (NASDAQ:PCLN) last posted its quarterly earnings data on Tuesday, August 8th. The business services provider reported $15.14 EPS for the quarter, beating analysts’ consensus estimates of $14.25 by $0.89. The company had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $2.99 billion. The Priceline Group had a return on equity of 33.10% and a net margin of 20.51%. The Priceline Group’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $13.93 earnings per share. On average, equities analysts anticipate that The Priceline Group Inc. will post $74.70 earnings per share for the current fiscal year.

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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