Connective Capital Management Lowers stake in Tripadvisor Inc (TRIP)

Tripadvisor Inc (TRIP) : Connective Capital Management reduced its stake in Tripadvisor Inc by 13.05% during the most recent quarter end. The investment management company now holds a total of 6,592 shares of Tripadvisor Inc which is valued at $407,649 after selling 989 shares in Tripadvisor Inc , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Tripadvisor Inc makes up approximately 1.14% of Connective Capital Management’s portfolio.

Other Hedge Funds, Including , Mark Sheptoff Financial Planning sold out all of its stake in TRIP during the most recent quarter. The investment firm sold 50 shares of TRIP which is valued $3,080.Td Asset Management Inc boosted its stake in TRIP in the latest quarter, The investment management firm added 4,025 additional shares and now holds a total of 104,369 shares of Tripadvisor Inc which is valued at $6,346,679. Tripadvisor Inc makes up approx 0.01% of Td Asset Management Inc’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in TRIP in the latest quarter, The investment management firm added 5,000 additional shares and now holds a total of 17,538 shares of Tripadvisor Inc which is valued at $1,218,716. Tripadvisor Inc makes up approx 0.03% of Oregon Public Employees Retirement Fund’s portfolio. Grandfield Dodd added TRIP to its portfolio by purchasing 32,933 company shares during the most recent quarter which is valued at $2,304,322. Tripadvisor Inc makes up approx 0.31% of Grandfield Dodd’s portfolio. First New York Securities Ny sold out all of its stake in TRIP during the most recent quarter. The investment firm sold 10,000 shares of TRIP which is valued $698,500.

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.

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