Is Priceline.com Inc (PCLN) a Good Stock to Buy?

As aggregate interest increased, key hedge funds were breaking ground themselves. Citadel Investment Group assembled the most valuable call position in Priceline.com Inc (NASDAQ:PCLN) and had $724 million invested in the company at the end of the quarter. Eric W. Mandelblatt’s Soroban Capital Partners also made a $223.1 million investment in the stock during the quarter. The other funds with new positions in the stock are Barry Rosenstein’s JANA Partners, Chase Coleman’s Tiger Global Management LLC, and Leon Shaulov’s Maplelane Capital.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Priceline.com Inc (NASDAQ:PCLN) but similarly valued. We will take a look at Goldman Sachs Group, Inc. (NYSE:GS), Avago Technologies Ltd (NASDAQ:AVGO), Mitsubishi UFJ Financial Group Inc (ADR) (NYSE:MTU), and Enterprise Products Partners L.P. (NYSE:EPD). This group of stocks’ market caps resemble PCLN’s market cap.

As you can see these stocks had an average of 46 hedge funds with bullish positions and the average amount invested in these stocks was $3.41 billion. That figure was $8.19 billion in PCLN’s case. Avago Technologies Ltd (NASDAQ:AVGO) is the most popular stock in this table, while Mitsubishi UFJ Financial Group Inc (ADR) (NYSE:MTU) is the least popular one with only 16 funds from our database reporting holdings as of the end of September. Compared to these stocks Priceline.com Inc (NASDAQ:PCLN) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.