Tripadvisor Inc (TRIP) : Brown Advisory Inc reduced its stake in Tripadvisor Inc by 1.93% during the most recent quarter end. The investment management company now holds a total of 7,008,968 shares of Tripadvisor Inc which is valued at $433,434,581 after selling 138,099 shares in Tripadvisor Inc , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Tripadvisor Inc makes up approximately 1.46% of Brown Advisory Inc’s portfolio.
Other Hedge Funds, Including , Global X Management Co boosted its stake in TRIP in the latest quarter, The investment management firm added 975 additional shares and now holds a total of 1,185 shares of Tripadvisor Inc which is valued at $72,984.Bnp Paribas Investment Partners S.a. reduced its stake in TRIP by selling 15,957 shares or 65.44% in the most recent quarter. The Hedge Fund company now holds 8,426 shares of TRIP which is valued at $518,957.Shell Asset Management Co boosted its stake in TRIP in the latest quarter, The investment management firm added 364 additional shares and now holds a total of 6,467 shares of Tripadvisor Inc which is valued at $451,720. Tripadvisor Inc makes up approx 0.01% of Shell Asset Management Co’s portfolio.
Tripadvisor Inc opened for trading at $62.1 and hit $62.27 on the upside on Wednesday, eventually ending the session at $62.05, with a gain of 0.08% or 0.05 points. The heightened volatility saw the trading volume jump to 12,74,610 shares. Company has a market cap of $9,038 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.