The Priceline Group Inc. (PCLN) Shares Bought by TCI Wealth Advisors Inc.

TCI Wealth Advisors Inc. increased its position in The Priceline Group Inc. (NASDAQ:PCLN) by 8.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75 shares of the business services provider’s stock after purchasing an additional 6 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in The Priceline Group were worth $140,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Captrust Financial Advisors bought a new position in The Priceline Group in the second quarter worth approximately $1,040,000. Norinchukin Bank The lifted its holdings in The Priceline Group by 4.0% during the second quarter. Norinchukin Bank The now owns 5,942 shares of the business services provider’s stock worth $11,115,000 after buying an additional 228 shares during the period. Chemical Bank lifted its holdings in The Priceline Group by 31.3% during the second quarter. Chemical Bank now owns 659 shares of the business services provider’s stock worth $1,233,000 after buying an additional 157 shares during the period. TIAA CREF Investment Management LLC lifted its holdings in The Priceline Group by 8.8% during the second quarter. TIAA CREF Investment Management LLC now owns 274,135 shares of the business services provider’s stock worth $512,775,000 after buying an additional 22,130 shares during the period. Finally, Teachers Advisors LLC lifted its holdings in The Priceline Group by 16.3% during the second quarter. Teachers Advisors LLC now owns 122,965 shares of the business services provider’s stock worth $230,008,000 after buying an additional 17,209 shares during the period. 94.53% of the stock is currently owned by institutional investors.

In other news, Director Jan L. Docter sold 2,500 shares of the business’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 directly owns 320 shares in the company, valued at $600,288. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gillian Tans sold 122 shares of the business’s stock in a transaction dated Friday, July 14th. The stock was 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 $11,544,761.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,745 shares of company stock worth $5,158,872. 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 Priceline Group Inc. has a 52-week low of $1,422.19 and a 52-week high of $2,067.99. The firm has a market capitalization of $90.43 billion, a PE ratio of 39.15 and a beta of 1.47. The stock’s 50 day moving average price is $1,882.74 and its 200-day moving average price is $1,847.92.

The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings results on Tuesday, August 8th. The business services provider reported $15.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.99 billion. During the same period in the previous year, the business posted $13.93 earnings per share. The business’s revenue was up 18.3% compared to the same quarter last year. Equities research analysts anticipate that The Priceline Group Inc. will post $74.70 EPS for the current fiscal year.

A number of research firms have weighed in on PCLN. 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 report on Wednesday, August 9th. 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 report on Wednesday, August 9th. Barclays PLC restated an “overweight” rating on shares of The Priceline Group in a report on Wednesday, August 9th. Raymond James Financial, Inc. restated a “buy” rating on shares of The Priceline Group in a report on Wednesday, August 9th. Finally, UBS AG restated a “buy” rating and set a $2,100.00 target price on shares of The Priceline Group in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $1,924.32.

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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.

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Institutional Ownership by Quarter for The Priceline Group (NASDAQ:PCLN)

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