Quotient Investors buys $4,929,362 stake in Priceline Group Inc (PCLN)

Priceline Group Inc (PCLN) : Quotient Investors scooped up 2,501 additional shares in Priceline Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 14, 2016. The investment management firm now holds a total of 3,701 shares of Priceline Group Inc which is valued at $4,929,362.Priceline Group Inc makes up approximately 1.79% of Quotient Investors’s portfolio.

Priceline Group Inc opened for trading at $1328.89 and hit $1369.029 on the upside on Monday, eventually ending the session at $1353.37, with a gain of 1.61% or 21.47 points. The heightened volatility saw the trading volume jump to 6,38,857 shares. Company has a market cap of $67,150 M.

Other Hedge Funds, Including , Sit Investment Associates Inc reduced its stake in PCLN by selling 265 shares or 3.46% in the most recent quarter. The Hedge Fund company now holds 7,389 shares of PCLN which is valued at $9,841,409. Priceline Group Inc makes up approx 0.18% of Sit Investment Associates Inc’s portfolio.Benjamin F. Edwards Company boosted its stake in PCLN in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 41 shares of Priceline Group Inc which is valued at $54,608. Priceline Group Inc makes up approx 0.01% of Benjamin F. Edwards Company’s portfolio.1st Global Advisors boosted its stake in PCLN in the latest quarter, The investment management firm added 75 additional shares and now holds a total of 269 shares of Priceline Group Inc which is valued at $358,281. Priceline Group Inc makes up approx 0.05% of 1st Global Advisors’s portfolio.Capstone Asset Management Co reduced its stake in PCLN by selling 58 shares or 1.33% in the most recent quarter. The Hedge Fund company now holds 4,312 shares of PCLN which is valued at $5,743,153. Priceline Group Inc makes up approx 0.16% of Capstone Asset Management Co’s portfolio.

On the company’s financial health, Priceline Group Inc reported $12.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.82 according to the earnings call on Feb 17, 2016. Analyst had a consensus of $11.81. The company had revenue of $2000.00 million for the quarter, compared to analysts expectations of $1956.29 million. The company’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $10.85 EPS.

Many Wall Street Analysts have commented on Priceline Group Inc. Priceline Group Inc was Initiated by Pacific Crest to “Sector Weight” on Mar 31, 2016. Priceline Group Inc was Downgraded by Goldman to ” Neutral” on Jan 27, 2016. Priceline Group Inc was Initiated by Wells Fargo to “Market Perform” on Jan 25, 2016.

The Priceline Group Inc. is a provider of online travel and travel related reservation and search services. The Company through its online travel agent (OTA) services connects consumers wishing to make travel reservations with providers of travel services across the world. The Company’s brands include Booking.com KAYAK agoda.com rentalcars.com and OpenTable. The Company offers consumers accommodation reservations including hotels bed and breakfasts hostels apartments vacation rentals and other properties through its Booking.com priceline.com and agoda.com brands. Its priceline.com brand also offers consumers reservations for rental cars airline tickets vacation packages and cruises. The Company offers rental car reservations through its Website rentalcars.com. The Company also provides an online price comparison service from various travel Websites through KAYAK. OpenTable provides its services to consumers and reservation management services to restaurants.

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