Simplex Trading Lowers stake in Tripadvisor Inc (TRIP)

Tripadvisor Inc (TRIP) : Simplex Trading reduced its stake in Tripadvisor Inc by 13.31% during the most recent quarter end. The investment management company now holds a total of 29,953 shares of Tripadvisor Inc which is valued at $1,916,992 after selling 4,599 shares in Tripadvisor Inc , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Tripadvisor Inc makes up approximately 0.25% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Advisory Services Network sold out all of its stake in TRIP during the most recent quarter. The investment firm sold 23 shares of TRIP which is valued $1,472.Bnp Paribas Arbitrage Sa boosted its stake in TRIP in the latest quarter, The investment management firm added 75,352 additional shares and now holds a total of 120,187 shares of Tripadvisor Inc which is valued at $7,916,718. Tripadvisor Inc makes up approx 0.03% of Bnp Paribas Arbitrage Sa’s portfolio.Chevy Chase Trust Holdings reduced its stake in TRIP by selling 2,295 shares or 2.35% in the most recent quarter. The Hedge Fund company now holds 95,345 shares of TRIP which is valued at $6,280,375. Tripadvisor Inc makes up approx 0.03% of Chevy Chase Trust Holdings’s portfolio. Washington Trust Bank added TRIP to its portfolio by purchasing 11 company shares during the most recent quarter which is valued at $725.

Tripadvisor Inc closed down -0.84 points or -1.30% at $64 with 11,85,144 shares getting traded on Friday. Post opening the session at $65.09, the shares hit an intraday low of $63.6 and an intraday high of $65.09 and the price fluctuated in this range throughout the day.Shares ended Friday 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 in the United States and localized versions of the TripAdvisor Website in 45 other countries including China under the brand 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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