Facebook Inc (FB), Yahoo! Inc. (YHOO), Priceline Group Inc (PCLN) Among Top Tech Picks of Standard Pacific Capital

Priceline Group Inc (NASDAQ:PCLN) is another new addition to the equity portfolio of Standard Pacific Capital. Its new position in the online travel company consists of 4,243 shares with a market value of $4.94 million. Priceline Group is an online travel company that facilitates travel reservations between consumers and travel services. Priceline announced the acquisition of hotel-data company PriceMatch earlier this month, to upgrade the user experience at its recently launched Book.com business division. Terms of that deal were not disclosed. Priceline Group Inc (NASDAQ:PCLN) reported gross profit of $1.7 billion in the first quarter of 2015, which was 19% higher than the prior year period. It also reported GAAP net income of $333 million, which was slightly higher than the previous year earnings of $331 million. Some of the top shareholders of Priceline include Lone Pine Capital, Appaloosa Management LP and Blue Ridge Capital.

Google Inc (NASDAQ:GOOGL) is another new tech holding of Standard Pacific, with the fund owning 8,008 shares of the company’s Class C shares, which have a market value of $4.38 million as of the reporting period.  The search engine giant missed Wall Street expectations in terms of revenue and profit in the first quarter of 2015, reporting net revenue of $17.26 billion for the quarter, with analysts at Thomson Reuters expecting revenue of $17.5 billion. That revenue was, nonetheless, 12% higher than the prior year period.  Google Inc (NASDAQ:GOOGL) is facing competition in the mobile advertising domain from the likes of Facebook, which was partly responsible for Google introducing a new search algorithm towards the end of April favoring mobile-optimized sites, which has proven to be a somewhat controversial decision (and a costly one for those businesses not running such sites). Eagle Capital Management, Fisher Asset Management, and Andreas Halvorsen‘s Viking Global are among the biggest shareholders of Google Inc (NASDAQ:GOOGL).

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