Plymouth Lane Capital Management Exits Position in Tripadvisor Inc (TRIP)

Tripadvisor Inc (TRIP) : Plymouth Lane Capital Management has sold out all of its stake in Tripadvisor Inc during the most recent quarter, according to the disclosure filed by the company on Aug 11, 2016 with the SEC. The investment management company has sold out 40,000 shares of Tripadvisor Inc which is valued at $2,468,000.

Other Hedge Funds, Including , Employees Retirement System Of Texas boosted its stake in TRIP in the latest quarter, The investment management firm added 112,474 additional shares and now holds a total of 229,516 shares of Tripadvisor Inc which is valued at $14,161,137. Tripadvisor Inc makes up approx 0.19% of Employees Retirement System Of Texas’s portfolio.Mycio Wealth Partners boosted its stake in TRIP in the latest quarter, The investment management firm added 70 additional shares and now holds a total of 220 shares of Tripadvisor Inc which is valued at $13,574. Reilly Financial Advisors added TRIP to its portfolio by purchasing 27 company shares during the most recent quarter which is valued at $1,876.New Mexico Educational Retirement Board boosted its stake in TRIP in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 13,328 shares of Tripadvisor Inc which is valued at $926,163. Tripadvisor Inc makes up approx 0.04% of New Mexico Educational Retirement Board’s portfolio. Quantres Asset Management Ltd added TRIP to its portfolio by purchasing 19,300 company shares during the most recent quarter which is valued at $1,352,737. Tripadvisor Inc makes up approx 0.80% of Quantres Asset Management Ltd’s portfolio.

Tripadvisor Inc opened for trading at $61.91 and hit $63.29 on the upside on Tuesday, eventually ending the session at $62.64, with a gain of 1.36% or 0.84 points. The heightened volatility saw the trading volume jump to 18,52,384 shares. Company has a market cap of $9,124 M.

On the company’s financial health, Tripadvisor Inc reported $0.38 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.42. The company had revenue of $391.00 million for the quarter, compared to analysts expectations of $402.42 million. The company’s revenue was down -3.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.54 EPS.

Many Wall Street Analysts have commented on Tripadvisor Inc. Shares were Downgraded by Deutsche Bank on Aug 5, 2016 to ” Hold” and Lowered the Price Target to $ 63 from a previous price target of $71 .Tripadvisor Inc was Upgraded by Raymond James to ” Mkt Perform” on Jul 28, 2016.

TripAdvisor Inc. (TripAdvisor) owns and operates a portfolio of online travel brands. TripAdvisor the Company’s brand is a travel Website. The Company operates in two segments: Hotel and Other. Its Other segment consists of three operating segments which include its vacation rentals restaurants and attractions businesses. The Company’s branded Websites include tripadvisor.com in the United States and localized versions of the TripAdvisor Website in 45 other countries including China under the brand daodao.com and are offered in 28 languages. It features reviews and opinions on accommodations including hotels and accommodations and vacation rentals as well as restaurants and attractions in approximately 147000 destinations throughout the world. In addition to user-generated content its Websites feature price comparison tools and links to partner Websites including travel advertisers where users can book their travel arrangements.

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