Summit Securities Group adds Priceline Group Inc (PCLN) to its portfolio

Priceline Group Inc (PCLN) : Summit Securities Group added new position in Priceline Group Inc during the most recent quarter end. The investment management firm now holds 5,076 shares of Priceline Group Inc which is valued at $7,146,906 , the company said in a statement filed on Aug 12, 2016 with the SEC.Priceline Group Inc makes up approximately 3.75% of Summit Securities Group’s portfolio.

Other Hedge Funds, Including , State Of Tennessee Treasury Department reduced its stake in PCLN by selling 12,744 shares or 33.72% in the most recent quarter. The Hedge Fund company now holds 25,054 shares of PCLN which is valued at $35,275,531. Priceline Group Inc makes up approx 0.17% of State Of Tennessee Treasury Department’s portfolio. Homrich Berg sold out all of its stake in PCLN during the most recent quarter. The investment firm sold 171 shares of PCLN which is valued $240,765. Jaffetilchin Investment Partners sold out all of its stake in PCLN during the most recent quarter. The investment firm sold 161 shares of PCLN which is valued $227,689.Diversified Trust Co reduced its stake in PCLN by selling 1,306 shares or 32.46% in the most recent quarter. The Hedge Fund company now holds 2,717 shares of PCLN which is valued at $3,598,612. Priceline Group Inc makes up approx 0.49% of Diversified Trust Co’s portfolio.Callahan Advisors boosted its stake in PCLN in the latest quarter, The investment management firm added 304 additional shares and now holds a total of 4,239 shares of Priceline Group Inc which is valued at $5,614,471. Priceline Group Inc makes up approx 1.45% of Callahan Advisors’s portfolio.

Priceline Group Inc opened for trading at $1423 and hit $1433.97 on the upside on Monday, eventually ending the session at $1425.19, with a gain of 0.38% or 5.4 points. The heightened volatility saw the trading volume jump to 3,16,637 shares. Company has a market cap of $70,443 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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