Pictet Bank Trust Ltd Lowers stake in Priceline Group Inc (PCLN)

Priceline Group Inc (PCLN) : Pictet Bank Trust Ltd reduced its stake in Priceline Group Inc by 47.65% during the most recent quarter end. The investment management company now holds a total of 780 shares of Priceline Group Inc which is valued at $1,098,224 after selling 710 shares in Priceline Group Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Priceline Group Inc makes up approximately 0.40% of Pictet Bank Trust Ltd’s portfolio.

Other Hedge Funds, Including , Advantus Capital Management Inc boosted its stake in PCLN in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 4,927 shares of Priceline Group Inc which is valued at $6,937,117. Priceline Group Inc makes up approx 0.19% of Advantus Capital Management Inc’s portfolio. First Personal Financial Services added PCLN to its portfolio by purchasing 69 company shares during the most recent quarter which is valued at $96,945. Priceline Group Inc makes up approx 0.03% of First Personal Financial Services’s portfolio.1st Global Advisors boosted its stake in PCLN in the latest quarter, The investment management firm added 63 additional shares and now holds a total of 332 shares of Priceline Group Inc which is valued at $440,697. Priceline Group Inc makes up approx 0.06% of 1st Global Advisors’s portfolio.Wealthtrust-arizona reduced its stake in PCLN by selling 35 shares or 63.64% in the most recent quarter. The Hedge Fund company now holds 20 shares of PCLN which is valued at $26,548. Priceline Group Inc makes up approx 0.02% of Wealthtrust-arizona’s portfolio.

Priceline Group Inc closed down -11.07 points or -0.77% at $1432 with 4,76,843 shares getting traded on Friday. Post opening the session at $1438, the shares hit an intraday low of $1428.0764 and an intraday high of $1443.07 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 $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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