Priceline Group Inc (PCLN) : Vontobel Asset Management Inc reduced its stake in Priceline Group Inc by 18.14% during the most recent quarter end. The investment management company now holds a total of 242,594 shares of Priceline Group Inc which is valued at $324,748,458 after selling 53,775 shares in Priceline Group Inc , the firm said in a disclosure report filed with the SEC on Jul 12, 2016.Priceline Group Inc makes up approximately 2.65% of Vontobel Asset Management Inc’s portfolio.
Other Hedge Funds, Including , Svenska Handelsbanken Ab (publ) boosted its stake in PCLN in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 800 shares of Priceline Group Inc which is valued at $1,070,920. Priceline Group Inc makes up approx 0.06% of Svenska Handelsbanken Ab (publ)’s portfolio.Daiwa Sb Investments Ltd. reduced its stake in PCLN by selling 280 shares or 28.28% in the most recent quarter. The Hedge Fund company now holds 710 shares of PCLN which is valued at $943,917. Priceline Group Inc makes up approx 0.27% of Daiwa Sb Investments Ltd.’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.Cohen Lawrence B boosted its stake in PCLN in the latest quarter, The investment management firm added 191 additional shares and now holds a total of 1,611 shares of Priceline Group Inc which is valued at $2,141,760. Priceline Group Inc makes up approx 1.26% of Cohen Lawrence B’s portfolio.
Priceline Group Inc closed down -15.61 points or -1.16% at $1330.57 with 5,62,035 shares getting traded on Friday. Post opening the session at $1327.89, the shares hit an intraday low of $1322.59 and an intraday high of $1334 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. 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 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.