Sequoia Financial Advisors LLC Has $363,000 Position in The Priceline Group Inc. (PCLN)

Sequoia Financial Advisors LLC continued to hold its position in shares of The Priceline Group Inc. (NASDAQ:PCLN) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 194 shares of the business services provider’s stock at the close of the second quarter. Sequoia Financial Advisors LLC’s holdings in The Priceline Group were worth $363,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Well Done LLC boosted its holdings in The Priceline Group by 1.2% in the second quarter. Well Done LLC now owns 175 shares of the business services provider’s stock valued at $327,000 after purchasing an additional 2 shares during the last quarter. Wrapmanager Inc. boosted its holdings in The Priceline Group by 1.1% in the first quarter. Wrapmanager Inc. now owns 268 shares of the business services provider’s stock valued at $477,000 after purchasing an additional 3 shares during the last quarter. LS Investment Advisors LLC boosted its holdings 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 purchasing an additional 4 shares during the last quarter. First National Bank of Hutchinson boosted its holdings 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 purchasing an additional 4 shares during the last quarter. Finally, First Manhattan Co. boosted its holdings in The Priceline Group by 5.3% in the first quarter. First Manhattan Co. now owns 100 shares of the business services provider’s stock valued at $147,000 after purchasing an additional 5 shares during the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

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A number of brokerages have weighed in on PCLN. UBS AG reiterated a “buy” rating and issued a $2,100.00 price objective on shares of The Priceline Group in a research report on Thursday, August 10th. Piper Jaffray Companies restated an “overweight” rating and set a $110.00 price target (down previously from $2,150.00) on shares of The Priceline Group in a research report on Friday, July 28th. Barclays PLC restated an “overweight” rating on shares of The Priceline Group in a research report on Wednesday, August 9th. Susquehanna Bancshares Inc restated a “positive” rating and set a $2,200.00 price target (up previously from $2,150.00) on shares of The Priceline Group in a research report on Thursday, August 10th. Finally, Deutsche Bank AG restated a “hold” rating and set a $2,075.00 price target (up previously from $1,950.00) on shares of The Priceline Group in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. The Priceline Group currently has an average rating of “Buy” and an average price target of $1,924.32.

In other The Priceline Group 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 value of $4,689,750.00. Following the transaction, the director now directly owns 320 shares of the company’s stock, valued at approximately $600,288. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 completion of the transaction, the chief executive officer now directly owns 5,922 shares in the company, valued at $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 worth $5,384,080. Company insiders own 0.42% of the company’s stock.

Shares of The Priceline Group Inc. (NASDAQ PCLN) opened at 1862.13 on Friday. The firm’s 50-day moving average is $1,873.07 and its 200-day moving average is $1,851.42. The firm has a market capitalization of $91.35 billion, a price-to-earnings ratio of 39.55 and a beta of 1.47. The Priceline Group Inc. has a 12-month low of $1,422.19 and a 12-month high of $2,067.99.

The Priceline Group (NASDAQ:PCLN) last released its earnings results on Tuesday, August 8th. The business services provider reported $15.14 EPS for the quarter, beating 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 firm had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the previous year, the business posted $13.93 EPS. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. Equities research analysts forecast that The Priceline Group Inc. will post $74.70 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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