Renaissance Investment Group Lowers stake in Tripadvisor Inc (TRIP)

Tripadvisor Inc (TRIP) : Renaissance Investment Group reduced its stake in Tripadvisor Inc by 0.25% during the most recent quarter end. The investment management company now holds a total of 20,090 shares of Tripadvisor Inc which is valued at $1.4 Million after selling 50 shares in Tripadvisor Inc according to a report filed by the company on Apr 1, 2016 with the SEC.Tripadvisor Inc makes up approximately 0.68% of Renaissance Investment Group’s portfolio.

On the company’s financial health, Tripadvisor Inc reported $0.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Feb 11, 2016. Analyst had a consensus of $0.33. The company had revenue of $309.00 million for the quarter, compared to analysts expectations of $298.32 million. The company’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.

Many Wall Street Analysts have commented on Tripadvisor Inc. Stifel Downgraded Tripadvisor Inc on Feb 22, 2016 to ” Sell”, Price Target of the shares are set at $53.Shares were Reiterated by RBC Capital Mkts on Feb 12, 2016 to “Sector Perform” and Lowered the Price Target to $ 70 from a previous price target of $84 .Shares were Reiterated by UBS on Feb 12, 2016 to “Neutral” and Lowered the Price Target to $ 68 from a previous price target of $80 .

Tripadvisor Inc closed down -1.65 points or -2.65% at $60.59 with 20,43,410 shares getting traded on Monday. Post opening the session at $62.48, the shares hit an intraday low of $60.55 and an intraday high of $62.86 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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