Simplex Trading Lowers stake in Priceline Group Inc (PCLN)

Priceline Group Inc (PCLN) : Simplex Trading reduced its stake in Priceline Group Inc by 62.74% during the most recent quarter end. The investment management company now holds a total of 6,024 shares of Priceline Group Inc which is valued at $8,023,366 after selling 10,145 shares in Priceline Group Inc , the firm said in a disclosure report filed with the SEC on Apr 14, 2016.Priceline Group Inc makes up approximately 1.26% of Simplex Trading’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 , Gierl Augustine Investment Management Inc added PCLN to its portfolio by purchasing 90 company shares during the most recent quarter which is valued at $119,871. Priceline Group Inc makes up approx 0.11% of Gierl Augustine Investment Management Inc’s portfolio. Santa Fe Partners sold out all of its stake in PCLN during the most recent quarter. The investment firm sold 3,057 shares of PCLN which is valued $4,071,618.Exxonmobil Investment Management Inc Tx boosted its stake in PCLN in the latest quarter, The investment management firm added 922 additional shares and now holds a total of 12,081 shares of Priceline Group Inc which is valued at $16,090,684. Priceline Group Inc makes up approx 0.36% of Exxonmobil Investment Management Inc Tx’s portfolio.Eqis Capital Management boosted its stake in PCLN in the latest quarter, The investment management firm added 148 additional shares and now holds a total of 751 shares of Priceline Group Inc which is valued at $949,737. Priceline Group Inc makes up approx 0.07% of Eqis Capital Management’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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