Jackson Square Partners buys $571,482,368 stake in Tripadvisor Inc (TRIP)

Tripadvisor Inc (TRIP) : Jackson Square Partners scooped up 599,887 additional shares in Tripadvisor Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 9,262,275 shares of Tripadvisor Inc which is valued at $571,482,368.Tripadvisor Inc makes up approximately 2.51% of Jackson Square Partners’s portfolio.

Other Hedge Funds, Including , Parametric Portfolio Associates boosted its stake in TRIP in the latest quarter, The investment management firm added 72,792 additional shares and now holds a total of 1,411,530 shares of Tripadvisor Inc which is valued at $87,091,401. Tripadvisor Inc makes up approx 0.13% of Parametric Portfolio Associates’s portfolio.Plante Moran Financial Advisors boosted its stake in TRIP in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 113 shares of Tripadvisor Inc which is valued at $7,852. Tripadvisor Inc makes up approx 0.01% of Plante Moran Financial Advisors’s portfolio. Candriam Luxembourg S.c.a. added TRIP to its portfolio by purchasing 3,614 company shares during the most recent quarter which is valued at $252,438. Tripadvisor Inc makes up approx 0.01% of Candriam Luxembourg S.c.a.’s portfolio.

Tripadvisor Inc closed down -0.43 points or -0.69% at $61.94 with 12,95,313 shares getting traded on Monday. Post opening the session at $62.25, the shares hit an intraday low of $61.79 and an intraday high of $62.4 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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