Priceline Group Inc (PCLN) : Harvey Capital Management Inc reduced its stake in Priceline Group Inc by 4.78% during the most recent quarter end. The investment management company now holds a total of 6,072 shares of Priceline Group Inc which is valued at $8,127,372 after selling 305 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 3.75% of Harvey Capital 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 , Gulf International Bank (uk) Ltd reduced its stake in PCLN by selling 250 shares or 1.64% in the most recent quarter. The Hedge Fund company now holds 15,006 shares of PCLN which is valued at $20,085,531. Priceline Group Inc makes up approx 0.34% of Gulf International Bank (uk) Ltd’s portfolio. Integrated Investment Consultants added PCLN to its portfolio by purchasing 83 company shares during the most recent quarter which is valued at $110,548. Priceline Group Inc makes up approx 0.06% of Integrated Investment Consultants’s portfolio.Atalanta Sosnoff Capital reduced its stake in PCLN by selling 164 shares or 32.6% in the most recent quarter. The Hedge Fund company now holds 339 shares of PCLN which is valued at $451,514. Priceline Group Inc makes up approx 0.01% of Atalanta Sosnoff Capital’s portfolio.Capstone Asset Management Co reduced its stake in PCLN by selling 58 shares or 1.33% in the most recent quarter. The Hedge Fund company now holds 4,312 shares of PCLN which is valued at $5,743,153. Priceline Group Inc makes up approx 0.16% of Capstone Asset Management Co’s portfolio.Dnb Asset Management As boosted its stake in PCLN in the latest quarter, The investment management firm added 30,557 additional shares and now holds a total of 112,365 shares of Priceline Group Inc which is valued at $149,658,944. Priceline Group Inc makes up approx 3.09% of Dnb Asset Management As’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.
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 Companys 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.