Dock Street Asset Management Inc buys $3,489,470 stake in Priceline Group Inc (PCLN)

Priceline Group Inc (PCLN) : Dock Street Asset Management Inc scooped up 224 additional shares in Priceline Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 2,607 shares of Priceline Group Inc which is valued at $3,489,470.Priceline Group Inc makes up approximately 3.25% of Dock Street Asset Management Inc’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 , 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 which is valued at $1,105,601. Priceline Group Inc makes up approx 0.10% of Raymond James Trust N.a.’s portfolio.Sit Investment Associates Inc reduced its stake in PCLN by selling 265 shares or 3.46% in the most recent quarter. The Hedge Fund company now holds 7,389 shares of PCLN which is valued at $9,841,409. Priceline Group Inc makes up approx 0.18% of Sit Investment Associates Inc’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. E&g Advisors Lp sold out all of its stake in PCLN during the most recent quarter. The investment firm sold 1,484 shares of PCLN which is valued $1,976,540. 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 $1,359,477.

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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