Valiant Capital’s Performance, Holdings, and India Investments

6. Priceline Group Inc (NASDAQ:PCLN)

Priceline Group Inc (NASDAQ:PCLN) is represented in Valiant’s 13F portfolio by a $63.49 million stake that contained some 33,900 shares at the end of June; the fund sold 7,600 shares during the second quarter. Principal Global Investors’ Columbus Circle Investor is another shareholder of Priceline Group Inc (NASDAQ:PCLN), which reported holding 52,800 shares in its latest 13F filing.

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Priceline Group Inc (NASDAQ:PCLN) has reported a great second-quarter, with EPS of $15.14, topping the estimates of $14.20, while revenue of $3.02 billion increased by 18% on the year and was $30 million higher than expected. However, the company’s third-quarter guidance was for EPS between $32.40 and $34.10, which failed to beat the consensus estimate of $34.14. The disappointing guidance sent Priceline’s stock lower and given that it still hasn’t fully recovered, it might represent an interesting opportunity for long-term investors.

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