Lee Ainslie (Trades, Portfolio), founder and managing partner at Maverick Capital, has drastically reduced his holdings in two companies during the third quarter of 2015. Ainslie sold 301,737 shares in Priceline Group Inc. (PCLN, Financial), and has also reduced his holdings in Allergan PLC (AGN, Financial), selling 879,142 shares for a 60.23% reduction.
Priceline is a provider of online travel and travel-related reservation and search services. The company offers accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through booking.com, priceline.com, and agoda.com brands. The priceline.com brand also offers consumers reservations for rental cars, airline tickets, vacation packages and cruises.
Priceline recently acquired OpenTable, a provider of online restaurant reservations. It believes that the online restaurant reservation business is complementary to its online travel businesses, and that both OpenTable and its travel businesses will benefit from adding OpenTable to the Priceline Group.
The company has a market cap of $62.12 billion and a P/E ratio of 26.98.
Below is a Peter Lynch chart for Priceline Group.
After reducing his stake in Allergan, Ainslie now holds 580,418 total shares in the company.
Allergan has a market cap of $123.01 billion, a P/E ratio of 39.98, an enterprise value of $166.52 billion, a P/B ratio of 1.71 and a dividend yield of 0.09%.
Allergan is an integrated specialty pharmaceutical company. The company is engaged in development, manufacturing, marketing, sale and distribution of generic, branded generic, brand name, biosimilar and over-the-counter pharmaceutical products. It also develops and out-license generic pharmaceutical products in Europe through its Medis third-party business. It operates in three segments: Pharma, Specialty Brands and Anda Distribution.
Below is a Peter Lynch chart for Allergan.
In the YouTube below, Ainslie talks about his life, how he got into stocks, and what his does to help improve society through his charities and philanthropy.
https://www.youtube.com/watch?v=KfZPQDmx3W4
Cheers to your investment success.
