Cim Lowers stake in Priceline Group Inc (PCLN)

Priceline Group Inc (PCLN) : Cim reduced its stake in Priceline Group Inc by 0.03% during the most recent quarter end. The investment management company now holds a total of 7,558 shares of Priceline Group Inc which is valued at $10,116,383 after selling 2 shares in Priceline Group Inc , the firm said in a disclosure report filed with the SEC on Apr 19, 2016.Priceline Group Inc makes up approximately 4.92% of Cim’s portfolio.

Priceline Group Inc closed down -1.5 points or -0.11% at $1338.5 with 5,27,039 shares getting traded on Friday. Post opening the session at $1331, the shares hit an intraday low of $1331 and an intraday high of $1349.57 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , First Citizens Bank Trust Co sold out all of its stake in PCLN during the most recent quarter. The investment firm sold 1,665 shares of PCLN which is valued $2,228,603.Premier Asset Managment reduced its stake in PCLN by selling 144 shares or 1.22% in the most recent quarter. The Hedge Fund company now holds 11,637 shares of PCLN which is valued at $15,576,125. Priceline Group Inc makes up approx 3.95% of Premier Asset Managment’s portfolio.Laurel Grove Capital boosted its stake in PCLN in the latest quarter, The investment management firm added 644 additional shares and now holds a total of 4,003 shares of Priceline Group Inc which is valued at $5,358,016. Priceline Group Inc makes up approx 3.00% of Laurel Grove Capital’s portfolio. Churchill Management Corp sold out all of its stake in PCLN during the most recent quarter. The investment firm sold 2,736 shares of PCLN which is valued $3,644,078.

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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