Laurel Grove Capital buys $5,358,016 stake in Priceline Group Inc (PCLN)

Priceline Group Inc (PCLN) : Laurel Grove Capital scooped up 644 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 18, 2016. The investment management firm now holds a total of 4,003 shares of Priceline Group Inc which is valued at $5,358,016.Priceline Group Inc makes up approximately 3.00% of Laurel Grove Capital’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 , 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.Oakbrook Investments reduced its stake in PCLN by selling 200 shares or 5.53% in the most recent quarter. The Hedge Fund company now holds 3,415 shares of PCLN which is valued at $4,548,439. Priceline Group Inc makes up approx 0.29% of Oakbrook Investments’s portfolio.Breton Hill Capital Ltd. reduced its stake in PCLN by selling 352 shares or 24.16% in the most recent quarter. The Hedge Fund company now holds 1,105 shares of PCLN which is valued at $1,471,750. Priceline Group Inc makes up approx 0.54% of Breton Hill Capital Ltd.’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.

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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