Strs Ohio Lowers stake in PRICELINE GROUP INC COM (PCLN)

PRICELINE GROUP INC COM (PCLN) : Strs Ohio reduced its stake in PRICELINE GROUP INC COM by 3.86% during the most recent quarter end. The investment management company now holds a total of 73,061 shares of PRICELINE GROUP INC COM which is valued at $97,792,149 after selling 2,935 shares in PRICELINE GROUP INC COM , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.PRICELINE GROUP INC COM makes up approximately 5.85% of Strs Ohio’s portfolio.

PRICELINE GROUP INC COM opened for trading at $1331.75 and hit $1357 on the upside on Wednesday, eventually ending the session at $1353.74, with a gain of 1.48% or 19.79 points. The heightened volatility saw the trading volume jump to 3,95,711 shares. Company has a market cap of $67,168 M.

Other Hedge Funds, Including , Raymond James Trust N.a. boosted its stake in PCLN in the latest quarter, The investment management firm added 111 additional shares and now holds a total of 826 shares of PRICELINE GROUP INC COM which is valued at $1,105,601. PRICELINE GROUP INC COM makes up approx 0.10% of Raymond James Trust N.a.’s portfolio. Deane Retirement Strategies sold out all of its stake in PCLN during the most recent quarter. The investment firm sold 1,075 shares of PCLN which is valued $1,438,888.Gemmer Asset Management boosted its stake in PCLN in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 32 shares of PRICELINE GROUP INC COM which is valued at $42,621. PRICELINE GROUP INC COM makes up approx 0.02% of Gemmer Asset Management’s portfolio.

On the company’s financial health, PRICELINE GROUP INC COM 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 COM. PRICELINE GROUP INC COM was Initiated by Pacific Crest to “Sector Weight” on Mar 31, 2016. PRICELINE GROUP INC COM was Downgraded by Goldman to ” Neutral” on Jan 27, 2016. PRICELINE GROUP INC COM 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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