Do Hedge Funds Like Priceline.com Inc (PCLN)?

What have hedge funds been doing with Priceline.com Inc (NASDAQ:PCLN)?

At Q4’s end, a total of 85 of the hedge funds tracked by Insider Monkey held long positions in this stock, a decline of 1% from the previous quarter. With hedge funds’ sentiment swirling, there exists an “upper tier” of noteworthy hedge fund managers who were upping their stakes considerably (or already accumulated large positions).

When looking at the institutional investors followed by Insider Monkey, Lone Pine Capital holds the most valuable position in Priceline.com Inc (NASDAQ:PCLN). Lone Pine Capital has a $1.0638 billion position in the stock, comprising 4.5% of its 13F portfolio. On Lone Pine Capital’s heels is Tiger Global Management LLC, led by Chase Coleman, holding a $966.9 million position; the fund has 7.8% of its 13F portfolio invested in the stock. Some other peers with similar optimism consist of Ken Griffin’s Citadel Investment Group, Andreas Halvorsen’s Viking Global and D. E. Shaw’s D E Shaw.