Beacon Financial Group Lowers stake in Priceline Group Inc (PCLN)

Priceline Group Inc (PCLN) : Beacon Financial Group reduced its stake in Priceline Group Inc by 3.71% during the most recent quarter end. The investment management company now holds a total of 493 shares of Priceline Group Inc which is valued at $640,752 after selling 19 shares in Priceline Group Inc according to a report filed by the company on Apr 1, 2016 with the SEC.Priceline Group Inc makes up approximately 0.14% of Beacon Financial Group’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.

Priceline Group Inc closed down -9.52 points or -0.75% at $1264.63 with 2,94,633 shares getting traded on Monday. Post opening the session at $1281.95, the shares hit an intraday low of $1263.205 and an intraday high of $1288.39 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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 KAYAK and OpenTable. The Company offers consumers accommodation reservations including hotels bed and breakfasts hostels apartments vacation rentals and other properties through its and brands. Its brand also offers consumers reservations for rental cars airline tickets vacation packages and cruises. The Company offers rental car reservations through its Website 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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