Lourd Capital buys $520,689 stake in Tripadvisor Inc (TRIP)

Tripadvisor Inc (TRIP) : Lourd Capital scooped up 43 additional shares in Tripadvisor Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 7,493 shares of Tripadvisor Inc which is valued at $520,689.Tripadvisor Inc makes up approximately 0.14% of Lourd Capital’s portfolio.

Other Hedge Funds, Including , Aberdeen Asset Management Plcuk reduced its stake in TRIP by selling 70 shares or 0.36% in the most recent quarter. The Hedge Fund company now holds 19,219 shares of TRIP which is valued at $1,335,528. 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.Nisa Investment Advisors boosted its stake in TRIP in the latest quarter, The investment management firm added 5,285 additional shares and now holds a total of 21,967 shares of Tripadvisor Inc which is valued at $1,510,012. Tripadvisor Inc makes up approx 0.02% of Nisa Investment Advisors’s portfolio.

Tripadvisor Inc closed down -5.9 points or -8.49% at $63.59 with 87,95,389 shares getting traded on Thursday. Post opening the session at $64, the shares hit an intraday low of $62.69 and an intraday high of $66.13 and the price fluctuated in this range throughout the day.Shares ended Thursday 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. Tripadvisor Inc was Upgraded by Raymond James to ” Mkt Perform” on Jul 28, 2016. Shares were Reiterated by UBS on May 6, 2016 to “Neutral” and Lowered the Price Target to $ 66 from a previous price target of $69 .Shares were Reiterated by Barclays on May 6, 2016 to “Equal Weight” and Lowered the Price Target to $ 70 from a previous price target of $74 .

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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