Forte Capital Adv buys $5,473,740 stake in Priceline Group Inc (PCLN)

Priceline Group Inc (PCLN) : Forte Capital Adv scooped up 50 additional shares in Priceline Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 11, 2016. The investment management firm now holds a total of 4,089 shares of Priceline Group Inc which is valued at $5,473,740.Priceline Group Inc makes up approximately 2.06% of Forte Capital Adv’s portfolio.

Other Hedge Funds, Including , Washington Trust Bank boosted its stake in PCLN in the latest quarter, The investment management firm added 92 additional shares and now holds a total of 1,792 shares of Priceline Group Inc which is valued at $2,382,392. Priceline Group Inc makes up approx 0.61% of Washington Trust Bank’s portfolio. Centurylink Investment Management Co added PCLN to its portfolio by purchasing 656 company shares during the most recent quarter which is valued at $872,126. Priceline Group Inc makes up approx 0.31% of Centurylink Investment Management Co’s portfolio.

Priceline Group Inc closed down -6.78 points or -0.50% at $1338.65 with 3,51,473 shares getting traded on Wednesday. Post opening the session at $1342.38, the shares hit an intraday low of $1337.89 and an intraday high of $1359.71 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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. Morgan Stanley Upgraded Priceline Group Inc on Jun 30, 2016 to ” Overweight”, Price Target of the shares are set at $1525.Company shares were Upgraded by Barclays on Jun 22, 2016 to ” Overweight”, Firm has raised the Price Target to $ 1500 from a previous price target of $1300 .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 .

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 KAYAK and OpenTable. The Company offers consumers accommodation reservations including hotels bed and breakfasts hostels apartments vacation rentals and other properties through its and brands. Its brand also offers consumers reservations for rental cars airline tickets vacation packages and cruises. The Company offers rental car reservations through its Website 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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