What’s a Smart Priceline.com Inc (PCLN) Investor To Do?

Priceline.com Inc (NASDAQ:PCLN) was in 67 hedge funds’ portfolio at the end of the first quarter of 2013. PCLN investors should be aware of a decrease in activity from the world’s largest hedge funds lately. There were 70 hedge funds in our database with PCLN holdings at the end of the previous quarter.

At the moment, there are a multitude of metrics shareholders can use to monitor their holdings. A pair of the most underrated are hedge fund and insider trading movement. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the top hedge fund managers can outpace the S&P 500 by a very impressive amount (see just how much).

Equally as beneficial, bullish insider trading activity is another way to break down the stock market universe. Just as you’d expect, there are plenty of reasons for a corporate insider to cut shares of his or her company, but just one, very simple reason why they would behave bullishly. Several empirical studies have demonstrated the impressive potential of this tactic if shareholders know where to look (learn more here).

Consequently, it’s important to take a look at the key action surrounding Priceline.com Inc (NASDAQ:PCLN).

Hedge fund activity in Priceline.com Inc (NASDAQ:PCLN)

In preparation for this quarter, a total of 67 of the hedge funds we track were bullish in this stock, a change of -4% from one quarter earlier. With hedgies’ sentiment swirling, there exists an “upper tier” of noteworthy hedge fund managers who were increasing their stakes meaningfully.

Priceline.com Inc (NASDAQ:PCLN)Of the funds we track, Lone Pine Capital, managed by Stephen Mandel, holds the largest position in Priceline.com Inc (NASDAQ:PCLN). Lone Pine Capital has a $1.2182 billion position in the stock, comprising 6.3% of its 13F portfolio. Coming in second is Blue Ridge Capital, managed by John Griffin, which held a $307.6 million position; 3.9% of its 13F portfolio is allocated to the stock. Other hedgies that are bullish include D. E. Shaw’s D E Shaw, Philippe Laffont’s Coatue Management and Lee Ainslie’s Maverick Capital.

Due to the fact that Priceline.com Inc (NASDAQ:PCLN) has faced falling interest from the smart money, logic holds that there were a few fund managers that elected to cut their entire stakes in Q1. Interestingly, Robert Boucai’s Newbrook Capital Advisors dumped the largest stake of all the hedgies we watch, worth about $50.3 million in stock., and Israel Englander of Millennium Management was right behind this move, as the fund said goodbye to about $36.8 million worth. These bearish behaviors are intriguing to say the least, as aggregate hedge fund interest fell by 3 funds in Q1.

What do corporate executives and insiders think about Priceline.com Inc (NASDAQ:PCLN)?

Insider trading activity, especially when it’s bullish, is most useful when the company in focus has seen transactions within the past half-year. Over the last 180-day time period, Priceline.com Inc (NASDAQ:PCLN) has experienced zero unique insiders buying, and 5 insider sales (see the details of insider trades here).

With the results shown by Insider Monkey’s tactics, retail investors must always monitor hedge fund and insider trading sentiment, and Priceline.com Inc (NASDAQ:PCLN) applies perfectly to this mantra.

Click here to learn why you should track hedge funds

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!