Quotient Investors Llc increased its stake in Priceline Com Inc Com New (NASDAQ:PCLN) by 208.42% based on its latest 2016Q2 regulatory filing with the SEC. Quotient Investors Llc bought 2,501 shares as the company’s stock rose 3.50% with the market. The institutional investor held 3,701 shares of the business services company at the end of 2016Q2, valued at $4.77M, up from 1,200 at the end of the previous reported quarter. Quotient Investors Llc who had been investing in Priceline Com Inc Com New for a number of months, seems to be bullish on the $70.81B market cap company. The stock is down 1.80% or $25.81 hitting $1410.4, despite the positive news. About 279,251 shares traded hands. Priceline Group Inc (NASDAQ:PCLN) has risen 47.49% since February 8, 2016 and is uptrending. It has outperformed by 31.00% the S&P500.
Quotient Investors Llc is a New York-based institutional investor with more than $423.26 million AUM in November, 2014. Taken from Quotient Investors latest Adv, the fund reported to have 4 full and part-time employees. Among which 2 performing investment advisory and research functions. The institutional investor had between 1-10 clients.
The institutional sentiment decreased to 0.92 in Q2 2016. Its down 0.09, from 1.01 in 2016Q1. The ratio dropped, as 80 funds sold all PCLN shares owned while 312 reduced positions. 71 funds bought stakes while 290 increased positions. They now own 45.60 million shares or 25.90% less from 61.54 million shares in 2016Q1.
Srs Investment Management Llc holds 7.44% of its portfolio in PCLN for 195,859 shares. Darsana Capital Partners Lp owns 110,000 shares or 7.14% of their US portfolio. Moreover, Timucuan Asset Management Inc Fl has 7.1% invested in the company for 62,190 shares. The Connecticut-based Night Owl Capital Management Llc has invested 6.68% in the stock. Lone Pine Capital Llc, a Connecticut-based fund reported 1.12 million shares.
Out of 18 analysts covering Priceline.com (NASDAQ:PCLN), 14 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 78% are positive. Priceline.com has been the topic of 30 analyst reports since October 28, 2015 according to StockzIntelligence Inc. Benchmark maintained the stock on August 5 with “Buy” rating.
The Priceline Group Inc. is a provider of travel and restaurant reservation and related services. The company has a market cap of $70.81 billion. The Company, through its online travel companies , connects clients wishing to make travel reservations with providers of travel services across the world. It has a 26.89 P/E ratio. It offers clients an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.
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