Ithaka Group buys $36.2 Million stake in Priceline Group Inc (PCLN)

Priceline Group Inc (PCLN) : Ithaka Group scooped up 408 additional shares in Priceline Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 28,292 shares of Priceline Group Inc which is valued at $36.2 Million.Priceline Group Inc makes up approximately 5.25% of Ithaka Group’s portfolio.

Other Hedge Funds, Including , Rpg Family Wealth Advisory added PCLN to its portfolio by purchasing 23 company shares during the most recent quarter which is valued at $29,409. Priceline Group Inc makes up approx 0.02% of Rpg Family Wealth Advisory’s portfolio.Sitrin Capital Management reduced its stake in PCLN by selling 122 shares or 4.08% in the most recent quarter. The Hedge Fund company now holds 2,871 shares of PCLN which is valued at $3.7 Million. Priceline Group Inc makes up approx 2.91% of Sitrin Capital Management’s portfolio.Martingale Asset Management L P boosted its stake in PCLN in the latest quarter, The investment management firm added 1,150 additional shares and now holds a total of 5,098 shares of Priceline Group Inc which is valued at $6.5 Million. Priceline Group Inc makes up approx 0.13% of Martingale Asset Management L P’s portfolio.American Century Companies Inc reduced its stake in PCLN by selling 1,583 shares or 6.07% in the most recent quarter. The Hedge Fund company now holds 24,500 shares of PCLN which is valued at $30.6 Million. Priceline Group Inc makes up approx 0.04% of American Century Companies Inc’s portfolio.

Priceline Group Inc closed down -1.02 points or -0.08% at $1249.29 with 4,45,667 shares getting traded on Friday. Post opening the session at $1254.21, the shares hit an intraday low of $1245.68 and an intraday high of $1258.83 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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 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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