Federated Investors Inc. PA Sells 479 Shares of The Priceline Group Inc. (PCLN)

Federated Investors Inc. PA cut its position in The Priceline Group Inc. (NASDAQ:PCLN) by 32.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,005 shares of the business services provider’s stock after selling 479 shares during the period. Federated Investors Inc. PA’s holdings in The Priceline Group were worth $1,880,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of PCLN. Waldron LP grew its stake in shares of The Priceline Group by 68.9% in the first quarter. Waldron LP now owns 412 shares of the business services provider’s stock worth $732,000 after acquiring an additional 168 shares during the period. Great West Life Assurance Co. Can grew its position in The Priceline Group by 0.4% during the first quarter. Great West Life Assurance Co. Can now owns 40,409 shares of the business services provider’s stock valued at $71,870,000 after buying an additional 179 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI grew its position in The Priceline Group by 59.9% during the first quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 563 shares of the business services provider’s stock valued at $1,002,000 after buying an additional 211 shares during the period. WASHINGTON TRUST Co bought a new stake in The Priceline Group during the first quarter valued at approximately $9,991,000. Finally, Winch Advisory Services LLC grew its position in The Priceline Group by 10.4% during the first quarter. Winch Advisory Services LLC now owns 615 shares of the business services provider’s stock valued at $1,095,000 after buying an additional 58 shares during the period. 94.53% of the stock is owned by institutional investors and hedge funds.

In other news, Director Jan L. Docter sold 2,500 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $1,875.90, for a total transaction of $4,689,750.00. Following the transaction, the director now owns 320 shares in the company, valued at $600,288. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gillian Tans sold 122 shares of the company’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $1,949.47, for a total transaction of $237,835.34. Following the transaction, the chief executive officer now owns 5,922 shares in the company, valued at approximately $11,544,761.34. The disclosure for this sale can be found here. Insiders have sold 2,745 shares of company stock worth $5,158,872 in the last quarter. Company insiders own 0.42% of the company’s stock.

Shares of The Priceline Group Inc. (NASDAQ:PCLN) opened at 1843.20 on Friday. The stock has a market capitalization of $90.43 billion, a price-to-earnings ratio of 39.15 and a beta of 1.47. The Priceline Group Inc. has a 52-week low of $1,422.19 and a 52-week high of $2,067.99. The firm’s 50 day moving average is $1,882.74 and its 200 day moving average is $1,847.92.

The Priceline Group (NASDAQ:PCLN) last announced its quarterly earnings data on Tuesday, August 8th. The business services provider reported $15.14 earnings per share for the quarter, beating the 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 firm had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the prior year, the business earned $13.93 earnings per share. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. Equities analysts expect that The Priceline Group Inc. will post $74.70 earnings per share for the current year.

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Several brokerages recently issued reports on PCLN. Royal Bank Of Canada boosted 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 research report on Wednesday, August 9th. Macquarie upped their price target on shares of 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. Barclays PLC reiterated an “overweight” rating on shares of The Priceline Group in a research report on Wednesday, August 9th. Raymond James Financial, Inc. reiterated a “buy” rating on shares of The Priceline Group in a research report on Wednesday, August 9th. Finally, UBS AG reiterated a “buy” rating and issued a $2,100.00 price target on shares of The Priceline Group in a research report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $1,924.32.

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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