Angelo Gordon & Company LP Raised Its Priceline Grp INC (PCLN) Stake by $4.03 Million as Market Valuation Rose

January 20, 2018 - By Nellie Frank

Investors sentiment decreased to 1.03 in 2017 Q3. Its down 0.03, from 1.06 in 2017Q2. It dived, as 66 investors sold PCLN shares while 320 reduced holdings. 93 funds opened positions while 306 raised stakes. 50.07 million shares or 10.39% more from 45.36 million shares in 2017Q2 were reported. Myriad Asset Management Ltd holds 0.27% in The Priceline Group Inc. (NASDAQ:PCLN) or 1,500 shares. Eaton Vance Management has 62,583 shares for 0.3% of their portfolio. Savant Ltd stated it has 351 shares. Stearns Fincl Svcs Group owns 172 shares or 0.08% of their US portfolio. Cornerstone Advsrs owns 1,500 shares. Amf Pensionsforsakring Ab reported 50,935 shares. Vigilant Cap Mngmt Limited reported 0% stake. Comerica Financial Bank invested in 0.27% or 19,527 shares. Baltimore has invested 1.85% of its portfolio in The Priceline Group Inc. (NASDAQ:PCLN). Rosenbaum Jay D owns 580 shares or 2.03% of their US portfolio. 44 were accumulated by Thompson Davis &. Mitsubishi Ufj Tru And Corp invested 0.34% in The Priceline Group Inc. (NASDAQ:PCLN). Robeco Institutional Asset Mngmt Bv holds 58,001 shares or 0.66% of its portfolio. Altarock Prns Ltd Liability holds 79,413 shares or 21.26% of its portfolio. Riverpark Capital Mgmt Limited Liability Company holds 2.98% or 12,517 shares.

Since August 10, 2017, it had 0 insider purchases, and 5 selling transactions for $5.60 million activity. $4.69M worth of The Priceline Group Inc. (NASDAQ:PCLN) shares were sold by Docter Jan L.

John M. Angelo increased its stake in Priceline Grp Inc (PCLN) by 23.4% based on its latest 2017Q3 regulatory filing with the SEC. Angelo Gordon & Company Lp bought 2,200 shares as the company’s stock rose 10.44% with the market. The hedge fund run by John M. Angelo held 11,600 shares of the business services company at the end of 2017Q3, valued at $21.24 million, up from 9,400 at the end of the previous reported quarter. Angelo Gordon & Company Lp who had been investing in Priceline Grp Inc for a number of months, seems to be bullish on the $93.16B market cap company. The stock decreased 0.86% or $16.5 during the last trading session, reaching $1910.21. About 634,513 shares traded or 23.61% up from the average. The Priceline Group Inc. (NASDAQ:PCLN) has risen 44.63% since January 20, 2017 and is uptrending. It has outperformed by 27.93% the S&P500.

Angelo Gordon & Company Lp, which manages about $30.60 billion and $2.15 billion US Long portfolio, decreased its stake in Tribune Media Co by 1.27 million shares to 760,775 shares, valued at $31.09 million in 2017Q3, according to the filing. It also reduced its holding in At&T Inc (Put) (NYSE:T) by 456,900 shares in the quarter, leaving it with 333,100 shares, and cut its stake in Silver Run Acquisition.

More important recent The Priceline Group Inc. (NASDAQ:PCLN) news were published by: Nasdaq.com which released: “Agree To Purchase Priceline Group At $1400, Earn 6.4% Using Options” on December 26, 2017, also Fool.com published article titled: “Priceline Group Inc Should Acquire TripAdvisor Inc in 2018”, Seekingalpha.com published: “Priceline: The Price Is Right” on January 02, 2018. More interesting news about The Priceline Group Inc. (NASDAQ:PCLN) was released by: Fool.com and their article: “Fear Not, Priceline Group Should Be Just Fine After a Forgettable Summer” with publication date: December 22, 2017.

The Priceline Group Inc. (NASDAQ:PCLN) Ratings Coverage

Among 34 analysts covering Priceline.com (NASDAQ:PCLN), 26 have Buy rating, 0 Sell and 8 Hold. Therefore 76% are positive. Priceline.com has $230000 highest and $1 lowest target. $1696.30’s average target is -11.20% below currents $1910.21 stock price. Priceline.com had 98 analyst reports since July 21, 2015 according to SRatingsIntel. Piper Jaffray maintained it with “Buy” rating and $215000 target in Friday, July 28 report. The rating was initiated by Moffett Nathanson on Tuesday, March 8 with “Buy”. The rating was maintained by Jefferies with “Buy” on Thursday, August 3. RBC Capital Markets maintained The Priceline Group Inc. (NASDAQ:PCLN) rating on Thursday, September 28. RBC Capital Markets has “Buy” rating and $2050.0 target. The stock of The Priceline Group Inc. (NASDAQ:PCLN) earned “Buy” rating by RBC Capital Markets on Wednesday, August 5. The rating was maintained by Wells Fargo on Tuesday, November 8 with “Market Perform”. The stock has “Overweight” rating by Morgan Stanley on Monday, October 2. M Partners downgraded it to “Hold” rating and $1850.0 target in Thursday, December 7 report. The firm earned “Outperform” rating on Thursday, August 6 by Oppenheimer. The stock of The Priceline Group Inc. (NASDAQ:PCLN) earned “Buy” rating by Benchmark on Friday, August 5.

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