Ngam Advisors Lowers stake in Priceline Group Inc (PCLN)

Priceline Group Inc (PCLN) : Ngam Advisors reduced its stake in Priceline Group Inc by 0.46% during the most recent quarter end. The investment management company now holds a total of 23,507 shares of Priceline Group Inc which is valued at $32,231,388 after selling 108 shares in Priceline Group Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Priceline Group Inc makes up approximately 0.43% of Ngam Advisors’s portfolio.

Other Hedge Funds, Including , Savant Capital boosted its stake in PCLN in the latest quarter, The investment management firm added 30 additional shares and now holds a total of 273 shares of Priceline Group Inc which is valued at $368,771. Priceline Group Inc makes up approx 0.10% of Savant Capital’s portfolio. Cwm sold out all of its stake in PCLN during the most recent quarter. The investment firm sold 581 shares of PCLN which is valued $771,219. Douglass Winthrop Advisors sold out all of its stake in PCLN during the most recent quarter. The investment firm sold 165 shares of PCLN which is valued $220,877.

Priceline Group Inc closed down -11.15 points or -0.81% at $1359.99 with 13,21,562 shares getting traded on Thursday. Post opening the session at $1358.4, the shares hit an intraday low of $1344.32 and an intraday high of $1363.68 and the price fluctuated in this range throughout the day.Shares ended Thursday 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. 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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