Migdal Insurance & Financial Holdings Ltd. Has $7.44 Million Position in The Priceline Group Inc. (NASDAQ:PCLN)

Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 1,708.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,978 shares of the business services provider’s stock after purchasing an additional 3,758 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in The Priceline Group were worth $7,442,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Well Done LLC lifted its holdings in shares of The Priceline Group by 1.2% during the second quarter. Well Done LLC now owns 175 shares of the business services provider’s stock worth $327,000 after buying an additional 2 shares in the last quarter. Pinnacle Associates Ltd. raised its stake in The Priceline Group by 0.5% in the second quarter. Pinnacle Associates Ltd. now owns 617 shares of the business services provider’s stock valued at $1,154,000 after purchasing an additional 3 shares in the last quarter. LS Investment Advisors LLC grew its position in The Priceline Group by 0.4% in the second quarter. LS Investment Advisors LLC now owns 906 shares of the business services provider’s stock valued at $1,695,000 after acquiring an additional 4 shares during the last quarter. First National Bank of Hutchinson grew its position in The Priceline Group by 1.0% in the second quarter. First National Bank of Hutchinson now owns 425 shares of the business services provider’s stock valued at $857,000 after acquiring an additional 4 shares during the last quarter. Finally, Hedeker Wealth LLC grew its position in The Priceline Group by 1.0% in the first quarter. Hedeker Wealth LLC now owns 511 shares of the business services provider’s stock valued at $909,000 after acquiring an additional 5 shares during the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

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In other news, Director Jan L. Docter sold 2,500 shares of The Priceline Group 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 transaction of $4,689,750.00. Following the sale, 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 can be accessed through this link. Also, CEO Gillian Tans sold 123 shares of The Priceline Group stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $1,880.38, for a total transaction of $231,286.74. Following the sale, the chief executive officer now directly owns 5,799 shares in the company, valued at approximately $10,904,323.62. The disclosure for this sale can be found here. Insiders sold a total of 2,745 shares of company stock worth $5,146,245 over the last three months. Corporate insiders own 0.24% of the company’s stock.

A number of research analysts have issued reports on the company. Credit Suisse Group restated an “outperform” rating and set a $2,070.00 price target (down from $2,150.00) on shares of The Priceline Group in a report on Wednesday, August 9th. Needham & Company LLC reaffirmed a “buy” rating on shares of The Priceline Group in a research note on Wednesday, June 21st. Morgan Stanley reissued an “overweight” rating and issued a $2,100.00 price target (up from $2,050.00) on shares of The Priceline Group in a research note on Monday, October 2nd. UBS AG reissued an “overweight” rating on shares of The Priceline Group in a research note on Thursday, August 24th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $2,100.00 price target on shares of The Priceline Group in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $1,961.00.

The Priceline Group Inc. (NASDAQ PCLN) traded down 0.10% during mid-day trading on Tuesday, hitting $1933.52. The company’s stock had a trading volume of 66,719 shares. The stock has a market cap of $94.86 billion, a P/E ratio of 41.07 and a beta of 1.47. The company’s 50 day moving average is $1,860.53 and its 200-day moving average is $1,866.56. The Priceline Group Inc. has a 52-week low of $1,422.19 and a 52-week high of $2,067.99.

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 Priceline Group had a return on equity of 33.10% and a net margin of 20.51%. The company had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same period in the previous year, the firm posted $13.93 EPS. The Priceline Group’s revenue was up 18.3% compared to the same quarter last year. On average, equities analysts predict that The Priceline Group Inc. will post $74.79 EPS for the current fiscal year.

The Priceline Group 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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