Professional Advisory Services Inc buys $16,857,858 stake in Priceline Group Inc (PCLN)

Priceline Group Inc (PCLN) : Professional Advisory Services Inc scooped up 201 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 15, 2016. The investment management firm now holds a total of 12,657 shares of Priceline Group Inc which is valued at $16,857,858.Priceline Group Inc makes up approximately 3.94% of Professional Advisory Services Inc’s portfolio.

Priceline Group Inc closed down -10 points or -0.74% at $1340 with 2,69,618 shares getting traded on Wednesday. Post opening the session at $1343.31, the shares hit an intraday low of $1337 and an intraday high of $1357.43 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Crestpoint Capital Management reduced its stake in PCLN by selling 1,200 shares or 66.67% in the most recent quarter. The Hedge Fund company now holds 600 shares of PCLN which is valued at $799,140. Priceline Group Inc makes up approx 0.43% of Crestpoint Capital Management’s portfolio.Kanaly Trust Co reduced its stake in PCLN by selling 4 shares or 23.53% in the most recent quarter. The Hedge Fund company now holds 13 shares of PCLN which is valued at $17,315. 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.Daiwa Sb Investments Ltd. reduced its stake in PCLN by selling 189 shares or 16.03% in the most recent quarter. The Hedge Fund company now holds 990 shares of PCLN which is valued at $1,318,581. Priceline Group Inc makes up approx 0.33% of Daiwa Sb Investments Ltd.’s portfolio.Eqis Capital Management boosted its stake in PCLN in the latest quarter, The investment management firm added 148 additional shares and now holds a total of 751 shares of Priceline Group Inc which is valued at $949,737. Priceline Group Inc makes up approx 0.07% of Eqis Capital Management’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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