Filings Worth Watching: Espalier Global Management LLC Has Lifted Its Holding in Priceline Grp INC (PCLN) as Stock Price Rose

Filings Worth Watching: Espalier Global Management LLC Has Lifted Its Holding in Priceline Grp INC (PCLN) as Stock Price Rose

Wojciech Uzdelewicz increased its stake in Priceline Grp Inc (PCLN) by 42.86% based on its latest 2016Q3 regulatory filing with the SEC. Espalier Global Management Llc bought 3,000 shares as the company’s stock rose 16.11% with the market. The hedge fund run by Wojciech Uzdelewicz held 10,000 shares of the business services company at the end of 2016Q3, valued at $14.72 million, up from 7,000 at the end of the previous reported quarter. Espalier Global Management Llc who had been investing in Priceline Grp Inc for a number of months, seems to be bullish on the $75.97B market cap company. The stock is down 0.08% or $1.23 hitting $1534.02, despite the positive news. About 81,804 shares traded hands. Priceline Group Inc (NASDAQ:PCLN) has risen 12.89% since June 7, 2016 and is uptrending. It has outperformed by 5.46% the S&P500.

Espalier Global Management Llc, which manages about $1.34B and $308.49M US Long portfolio, decreased its stake in Alibaba Group Hldg Ltd (NYSE:BABA) by 96,900 shares to 62,500 shares, valued at $6.61 million in 2016Q3, according to the filing.

Wojciech Uzdelewicz is a former employee of Druckenmiller’s Duquesne Capital, and the founder of Espalier Global Management. Espalier was founded in 2011 and focuses on technology stocks. Espalier Global Management Llc is a New York-based hedge fund that was founded by Wojciech Uzdelewicz. It had more than $1.34 billion assets under management in March, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Espalier Global Management latest Adv, the fund reported to have 12 full and part-time employees. Among which 9 performing investment advisory and research functions. The hedge fund had between 1-10 clients.

Insitutional Activity: The institutional sentiment increased to 1.02 in Q3 2016. Its up 0.10, from 0.92 in 2016Q2. The ratio is positive, as 63 funds sold all PCLN shares owned while 317 reduced positions. 116 funds bought stakes while 271 increased positions. They now own 45.62 million shares or 0.04% more from 45.60 million shares in 2016Q2. Jump Trading Ltd, a Illinois-based fund reported 252 shares. Moreover, Wunderlich Capital Managemnt has 1.49% invested in Priceline Group Inc (NASDAQ:PCLN) for 1,266 shares. Checchi Capital Advisers Ltd Liability accumulated 445 shares or 0.07% of the stock. Ironsides Asset Advisors Ltd Com accumulated 281 shares or 0.11% of the stock. Salient Capital Limited Liability Corporation last reported 175 shares in the company. Sensible Planning And Mgmt Lc has invested 0.01% of its portfolio in Priceline Group Inc (NASDAQ:PCLN). State Of Tennessee Treasury Department accumulated 0.22% or 31,691 shares. Farmers And Merchants Invests Incorporated has 13 shares for 0% of their US portfolio. Hollencrest Ltd Llc has invested 0.05% of its portfolio in Priceline Group Inc (NASDAQ:PCLN). Capital Financial Advisers Ltd Llc has 1,225 shares for 0.02% of their US portfolio. Ubs Oconnor Limited Liability Corp accumulated 0% or 2,000 shares. Evercore Wealth Mngmt Limited accumulated 533 shares or 0.03% of the stock. Manchester Mngmt Limited Liability Corp accumulated 54 shares or 0.01% of the stock. Egerton Capital (Uk) Limited Liability Partnership holds 6.58% of its portfolio in Priceline Group Inc (NASDAQ:PCLN) for 394,705 shares. Dowling And Yahnke Llc last reported 873 shares in the company.

Insider Transactions: Since July 15, 2016, the stock had 0 insider purchases, and 16 sales for $34.36 million net activity. 3,000 shares were sold by BOYD JEFFERY H, worth $4.46M on Tuesday, November 29. Tans Gillian sold $197,600 worth of Priceline Group Inc (NASDAQ:PCLN) on Thursday, December 15. 1,000 shares were sold by Fogel Glenn D, worth $1.50 million on Wednesday, October 5.

More notable recent Priceline Group Inc (NASDAQ:PCLN) news were published by: Fool.com which released: “Why Priceline Group Inc Stock Rallied 16% Last Year” on January 07, 2017, also Nasdaq.com with their article: “Priceline Group Inc (PCLN) Stock Is Your Ticket to Profits” published on January 10, 2017, Bloomberg.com published: “Priceline Group Appoints 16-Year Company Veteran as New CEO” on December 15, 2016. More interesting news about Priceline Group Inc (NASDAQ:PCLN) were released by: Investorplace.com and their article: “Who’s Next to Succeed Priceline Group Inc’s (PCLN) Stupidity?” published on December 16, 2016 as well as Schaeffersresearch.com‘s news article titled: “Why Priceline Group Inc (PCLN) Option Bears May Be On Edge” with publication date: December 30, 2016.

According to Zacks Investment Research, “Priceline.com Incorporated has pioneered a unique e-commerce pricing system known as a demand collection system that enables consumers to use the Internet to save money on a wide range of products and services while enabling sellers to generate incremental revenue. Using a simple and compelling consumer proposition – Name Your Own Price – priceline.com collects consumer demand, in the form of individual customer offers guaranteed by a credit card, for a particular product or service at a price set by the customer.”

Priceline Group Inc (NASDAQ:PCLN) Ratings Coverage

Out of 26 analysts covering Priceline.com (NASDAQ:PCLN), 22 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 85% are positive. Priceline.com has been the topic of 54 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Priceline Group Inc (NASDAQ:PCLN) earned “Strong-Buy” rating by Vetr on Wednesday, September 2. The stock of Priceline Group Inc (NASDAQ:PCLN) has “Positive” rating given on Thursday, October 20 by Susquehanna. The rating was downgraded by Raymond James to “Outperform” on Tuesday, January 5. The stock of Priceline Group Inc (NASDAQ:PCLN) has “Buy” rating given on Thursday, December 8 by CLSA. As per Thursday, June 30, the company rating was upgraded by Morgan Stanley. Oppenheimer maintained it with “Outperform” rating and $1580 target price in Thursday, August 6 report. The rating was initiated by Needham on Wednesday, January 4 with “Buy”. The firm has “Sector Weight” rating by Pacific Crest given on Thursday, March 31. Benchmark maintained the stock with “Buy” rating in Friday, August 5 report. The firm has “Buy” rating by Redburn given on Friday, September 4.

PCLN Company Profile

The Priceline Group Inc., incorporated on July 30, 1998, is a well-known provider of travel and restaurant reservation and related services. The Company, through its online travel companies (OTCs), connects clients wishing to make travel reservations with providers of travel services across the world. 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. The Company’s priceline.com brand also offers clients reservations for rental cars, airline tickets, vacation packages and cruises. The Firm offers rental car reservations across the world through rentalcars.com. The Firm provides restaurants with reservation management services and clients with the ability to make restaurant reservations at participating restaurants through OpenTable, Inc. (OpenTable), a well-known provider of online restaurant reservations.

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