Priceline Group Inc (PCLN) : Riverpark Advisors scooped up 461 additional shares in Priceline Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 5,093 shares of Priceline Group Inc which is valued at $7,846,530.Priceline Group Inc makes up approximately 3.65% of Riverpark Advisors’s portfolio.
Other Hedge Funds, Including , Bluemountain Capital Management added PCLN to its portfolio by purchasing 3 company shares during the most recent quarter which is valued at $4,468. Lsv Asset Management sold out all of its stake in PCLN during the most recent quarter. The investment firm sold 146 shares of PCLN which is valued $216,128.Alps Advisors Inc reduced its stake in PCLN by selling 5 shares or 1.59% in the most recent quarter. The Hedge Fund company now holds 310 shares of PCLN which is valued at $448,052.Tdam Usa boosted its stake in PCLN in the latest quarter, The investment management firm added 33 additional shares and now holds a total of 530 shares of Priceline Group Inc which is valued at $766,025. Priceline Group Inc makes up approx 0.04% of Tdam Usa’s portfolio.
Priceline Group Inc closed down -5.55 points or -0.37% at $1507.35 with 4,26,312 shares getting traded on Monday. Post opening the session at $1512.28, the shares hit an intraday low of $1504.53 and an intraday high of $1529 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Priceline Group Inc reported $31.18 EPS for the quarter, beating the analyst consensus estimate by $ 1.26 according to the earnings call on Nov 7, 2016. Analyst had a consensus of $29.92. The company had revenue of $3690.60 million for the quarter, compared to analysts expectations of $3610.54 million. The company’s revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $25.35 EPS.
Many Wall Street Analysts have commented on Priceline Group Inc. Company shares were Upgraded by Stifel on Nov 10, 2016 to ” Buy”, Firm has raised the Price Target to $ 1900 from a previous price target of $1650 .Susquehanna Initiated Priceline Group Inc on Oct 20, 2016 to “Positive”, Price Target of the shares are set at $1700.Company shares were Reiterated by RBC Capital Mkts on Oct 7, 2016 to “Outperform”, Firm has raised the Price Target to $ 1750 from a previous price target of $1600 .
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.