The Priceline Group Inc. (PCLN) Shares Sold by Bridges Investment Counsel Inc.

Bridges Investment Counsel Inc. lessened its position in shares of The Priceline Group Inc. (NASDAQ:PCLN) by 76.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 844 shares of the business services provider’s stock after selling 2,810 shares during the period. Bridges Investment Counsel Inc.’s holdings in The Priceline Group were worth $1,545,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd acquired a new position in The Priceline Group during the 2nd quarter worth approximately $101,000. Shine Investment Advisory Services Inc. acquired a new position in The Priceline Group during the 2nd quarter worth approximately $105,000. Capital Advisors Ltd. LLC acquired a new position in The Priceline Group during the 2nd quarter worth approximately $112,000. Proficio Capital Partners LLC grew its holdings in The Priceline Group by 29.6% during the 1st quarter. Proficio Capital Partners LLC now owns 70 shares of the business services provider’s stock worth $129,000 after acquiring an additional 16 shares in the last quarter. Finally, Mountain Capital Investment Advisors Inc acquired a new position in The Priceline Group during the 2nd quarter worth approximately $133,000. Institutional investors own 94.36% of the company’s stock.

In other news, CEO Gillian Tans sold 123 shares of The Priceline Group stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 5,799 shares in the company, valued at $10,904,323.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jan L. Docter sold 2,500 shares of The Priceline Group 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 sale, the director now owns 320 shares of the company’s stock, valued at $600,288. The disclosure for this sale can be found here. Insiders have sold 2,867 shares of company stock valued at $5,382,925 over the last quarter. Insiders own 0.24% of the company’s stock.

The Priceline Group Inc. (PCLN) traded down 2.93% during midday trading on Friday, hitting $1882.55. 582,513 shares of the company’s stock traded hands. The Priceline Group Inc. has a 52 week low of $1,422.19 and a 52 week high of $2,067.99. The company has a 50 day moving average of $1,882.78 and a 200-day moving average of $1,875.16. The company has a market capitalization of $92.36 billion, a PE ratio of 39.98 and a beta of 1.47.

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, topping the Thomson Reuters’ 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 the consensus estimate of $2.99 billion. During the same period in the previous year, the firm posted $13.93 earnings per share. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. Equities research analysts predict that The Priceline Group Inc. will post $74.99 earnings per share for the current year.

Several brokerages have recently issued reports on PCLN. UBS AG restated a “buy” rating and issued a $2,100.00 target price on shares of The Priceline Group in a report on Thursday, August 10th. Piper Jaffray Companies restated an “overweight” rating and issued a $110.00 target price (down previously from $2,150.00) on shares of The Priceline Group in a report on Friday, July 28th. Barclays PLC restated an “overweight” rating on shares of The Priceline Group in a report on Wednesday, August 9th. Susquehanna Bancshares Inc restated a “positive” rating and issued a $2,200.00 target price (up previously from $2,150.00) on shares of The Priceline Group in a report on Thursday, August 10th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $2,075.00 target price (up previously from $1,950.00) on shares of The Priceline Group in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. The Priceline Group presently has an average rating of “Buy” and an average target price of $1,960.17.

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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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