Motley Fool Wealth Management buys $21.2 Million stake in Tripadvisor Inc (TRIP)

Tripadvisor Inc (TRIP) : Motley Fool Wealth Management scooped up 164,255 additional shares in Tripadvisor Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 328,611 shares of Tripadvisor Inc which is valued at $21.2 Million.Tripadvisor Inc makes up approximately 2.52% of Motley Fool Wealth Management’s portfolio.

Other Hedge Funds, Including , Rafferty Asset Management boosted its stake in TRIP in the latest quarter, The investment management firm added 1,863 additional shares and now holds a total of 12,110 shares of Tripadvisor Inc which is valued at $780,611. Tripadvisor Inc makes up approx 0.04% of Rafferty Asset Management’s portfolio.Blackrock Investment Management reduced its stake in TRIP by selling 276,066 shares or 12.92% in the most recent quarter. The Hedge Fund company now holds 1,861,445 shares of TRIP which is valued at $120 Million. Tripadvisor Inc makes up approx 0.16% of Blackrock Investment Management’s portfolio.Commonwealth Of Pennsylvania Public School Empls Retrmt Sys boosted its stake in TRIP in the latest quarter, The investment management firm added 1,072 additional shares and now holds a total of 8,454 shares of Tripadvisor Inc which is valued at $544,945. Tripadvisor Inc makes up approx 0.01% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio. American Century Companies Inc added TRIP to its portfolio by purchasing 876,764 company shares during the most recent quarter which is valued at $54.4 Million. Tripadvisor Inc makes up approx 0.06% of American Century Companies Inc’s portfolio.

Tripadvisor Inc opened for trading at $63.54 and hit $65.19 on the upside on Friday, eventually ending the session at $64.53, with a gain of 2.02% or 1.28 points. The heightened volatility saw the trading volume jump to 17,98,674 shares. Company has a market cap of $8,576,424 M.

On the company’s financial health, Tripadvisor Inc reported $0.32 EPS for the quarter, missing the analyst consensus estimate by $ -0.14 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $0.46. The company had revenue of $352.00 million for the quarter, compared to analysts expectations of $370.59 million. The company’s revenue was down -3.0 % 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 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 .Stifel Downgraded Tripadvisor Inc on Feb 22, 2016 to ” Sell”, Price Target of the shares are set at $53.

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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