Priceline Group Inc (PCLN) : Hamilton Point Investment Advisors reduced its stake in Priceline Group Inc by 0.63% during the most recent quarter end. The investment management company now holds a total of 3,007 shares of Priceline Group Inc which is valued at $3,759,051 after selling 19 shares in Priceline Group Inc , the firm said in a disclosure report filed with the SEC on May 2, 2016.Priceline Group Inc makes up approximately 2.55% of Hamilton Point Investment Advisors’s portfolio.
Priceline Group Inc opened for trading at $1231.01 and hit $1253 on the upside on Friday, eventually ending the session at $1250.1, with a gain of 0.75% or 9.25 points. The heightened volatility saw the trading volume jump to 5,72,543 shares. Company has a market cap of $62,054 M.
Other Hedge Funds, Including , Kornitzer Capital Management Inc Ks boosted its stake in PCLN in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 9,731 shares of Priceline Group Inc which is valued at $12,164,723. Priceline Group Inc makes up approx 0.22% of Kornitzer Capital Management Inc Ks’s portfolio. Douglass Winthrop Advisors added PCLN to its portfolio by purchasing 165 company shares during the most recent quarter which is valued at $221,704. Priceline Group Inc makes up approx 0.02% of Douglass Winthrop Advisors’s portfolio. Rosenbaum Jay D. added PCLN to its portfolio by purchasing 376 company shares during the most recent quarter which is valued at $503,276. Priceline Group Inc makes up approx 0.09% of Rosenbaum Jay D.’s portfolio.
On the company’s financial health, Priceline Group Inc reported $10.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.90 according to the earnings call on May 4, 2016. Analyst had a consensus of $9.64. The company had revenue of $2148.00 million for the quarter, compared to analysts expectations of $2122.97 million. The company’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.12 EPS.
Many Wall Street Analysts have commented on Priceline Group Inc. Shares were Reiterated by The Benchmark Company on May 5, 2016 to “Buy” and Lowered the Price Target to $ 1440 from a previous price target of $1525 .Shares were Reiterated by RBC Capital Mkts on May 5, 2016 to “Outperform” and Lowered the Price Target to $ 1600 from a previous price target of $1700 .Shares were Reiterated by UBS on May 5, 2016 to “Buy” and Lowered the Price Target to $ 1475 from a previous price target of $1525 .
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.