Parus Finance (uk) Ltd Lowers stake in Priceline Group Inc (PCLN)

Priceline Group Inc (PCLN) : Parus Finance (uk) Ltd reduced its stake in Priceline Group Inc by 3.53% during the most recent quarter end. The investment management company now holds a total of 9,031 shares of Priceline Group Inc which is valued at $12,688,555 after selling 330 shares in Priceline Group Inc , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Priceline Group Inc makes up approximately 2.21% of Parus Finance (uk) Ltd’s portfolio.

Other Hedge Funds, Including , Fukoku Mutual Life Insurance Co reduced its stake in PCLN by selling 20 shares or 8.16% in the most recent quarter. The Hedge Fund company now holds 225 shares of PCLN which is valued at $316,125. Priceline Group Inc makes up approx 0.06% of Fukoku Mutual Life Insurance Co’s portfolio.Alexandria Capital reduced its stake in PCLN by selling 1 shares or 25.0% in the most recent quarter. The Hedge Fund company now holds 3 shares of PCLN which is valued at $4,243.Diam Ltd. reduced its stake in PCLN by selling 1,132 shares or 9.79% in the most recent quarter. The Hedge Fund company now holds 10,435 shares of PCLN which is valued at $14,307,846. Priceline Group Inc makes up approx 0.21% of Diam Ltd.’s portfolio.Kanaly Trust Co boosted its stake in PCLN in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 15 shares of Priceline Group Inc which is valued at $19,911.Boston Common Asset Management reduced its stake in PCLN by selling 266 shares or 6.91% in the most recent quarter. The Hedge Fund company now holds 3,581 shares of PCLN which is valued at $4,844,484. Priceline Group Inc makes up approx 0.70% of Boston Common Asset Management’s portfolio.

Priceline Group Inc opened for trading at $1408.66 and hit $1429.27 on the upside on Wednesday, eventually ending the session at $1427.2, with a gain of 1.32% or 18.54 points. The heightened volatility saw the trading volume jump to 4,79,748 shares. Company has a market cap of $70,542 M.

On the company’s financial health, Priceline Group Inc reported $13.93 EPS for the quarter, beating the analyst consensus estimate by $ 1.27 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $12.66. The company had revenue of $2556.00 million for the quarter, compared to analysts expectations of $2592.37 million. The company’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $12.45 EPS.

Many Wall Street Analysts have commented on Priceline Group Inc. Company shares were Reiterated by Deutsche Bank on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 1450 from a previous price target of $1330 .Company shares were Reiterated by The Benchmark Company on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 1600 from a previous price target of $1440 .Company shares were Reiterated by Piper Jaffray on Aug 5, 2016 to “Overweight”, Firm has raised the Price Target to $ 1625 from a previous price target of $1500 .

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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