Netflix Shares fall on FCC's net neutrality proposal and Priceline Group is One of Frank Sands Holdings
The Priceline Group Inc. (NASDAQ: PCLN) has been revealed to be the fifth largest holding of Frank Sands of Sands Capital Management. He maintains 1,508,687 shares of the company's stock. This position makes up for 4.7% of his total portfolio and 2.93% of the company's shares outstanding. Frank Sands of Sands Capital Management reported his first quarter holdings that highlight five new buys. He has a total of 44 stocks valued at $38.4 billion. The Sands Capital Management team is dedicated to identifying the relatively small number of truly exceptional growth businesses that they expect to own for many years.
The Priceline Group Inc. operates as an online travel company. The companys products include Booking.com, which provides online hotel reservation services on a worldwide basis with approximately 425,000 properties in 190 countries and territories available in 42 languages; Agoda.com, an Asia-based online hotel reservation service available in 38 languages; and rentalcars.com that offers car rental services in approximately 6,000 locations worldwide.
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Netflix, Inc. (NASDAQ: NFLX) shares fell after the FCC's net neutrality proposal was revealed. The FCC voted 3-2 in favor of chairman Tom Wheeler's proposal which allows for ISPs to make pay-for-priority deals with content providers such as Netflix. Netflix had made deals with both Comcast and Verizon to make its streaming service more reliable to broadband providers' customers. Tougher net neutrality rules would make these kind of peering deals unnecessary.
Netflix, Inc. provides Internet television network service that enables subscribers to stream TV shows and movies directly on TVs, computers, and mobile devices in the United States and internationally. The company operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The Domestic Streaming segment offers access to content delivered over the Internet to various connected devices, such as PCs, Macs, game consoles, smart TVs, Blu-ray players, hone theatre systems, Internet video players, digital video recorders, and mobile devices.
Get more information on Netflix, Inc. and free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/NFLX
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