Alta Capital Management buys $70,148,108 stake in PRICELINE GROUP INC COM (PCLN)

PRICELINE GROUP INC COM (PCLN) : Alta Capital Management scooped up 13,598 additional shares in PRICELINE GROUP INC COM during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 52,408 shares of PRICELINE GROUP INC COM which is valued at $70,148,108.PRICELINE GROUP INC COM makes up approximately 4.29% of Alta Capital Management’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 , Regent Investment Management reduced its stake in PCLN by selling 2 shares or 0.1% in the most recent quarter. The Hedge Fund company now holds 2,075 shares of PCLN which is valued at $2,777,388. PRICELINE GROUP INC COM makes up approx 1.52% of Regent Investment Management’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in PCLN in the latest quarter, The investment management firm added 28 additional shares and now holds a total of 8,612 shares of PRICELINE GROUP INC COM which is valued at $11,470,323. PRICELINE GROUP INC COM makes up approx 0.26% of Oregon Public Employees Retirement Fund’s portfolio.Tnb Financial boosted its stake in PCLN in the latest quarter, The investment management firm added 1,605 additional shares and now holds a total of 6,087 shares of PRICELINE GROUP INC COM which is valued at $8,107,275. PRICELINE GROUP INC COM makes up approx 2.42% of Tnb Financial’s portfolio. 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 COM makes up approx 0.11% of Gierl Augustine Investment Management Inc’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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