Pt Asset Management adds Tripadvisor Inc (TRIP) to its portfolio

Tripadvisor Inc (TRIP) : Pt Asset Management added new position in Tripadvisor Inc during the most recent quarter end. The investment management firm now holds 23,700 shares of Tripadvisor Inc which is valued at $1.5 Million , the company said in a statement filed on May 13, 2016 with the SEC.Tripadvisor Inc makes up approximately 3.83% of Pt Asset Management’s portfolio.

Other Hedge Funds, Including , Thomas J. Herzfeld Advisors boosted its stake in TRIP in the latest quarter, The investment management firm added 79 additional shares and now holds a total of 262 shares of Tripadvisor Inc which is valued at $16,889. Tripadvisor Inc makes up approx 0.01% of Thomas J. Herzfeld Advisors’s portfolio.New Mexico Educational Retirement Board boosted its stake in TRIP in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 12,828 shares of Tripadvisor Inc which is valued at $826,893. Tripadvisor Inc makes up approx 0.04% of New Mexico Educational Retirement Board’s portfolio.Norinchukin Bank The boosted its stake in TRIP in the latest quarter, The investment management firm added 568 additional shares and now holds a total of 5,847 shares of Tripadvisor Inc which is valued at $376,898. Tripadvisor Inc makes up approx 0.01% of Norinchukin Bank The’s portfolio.

Tripadvisor Inc opened for trading at $66.18 and hit $67.22 on the upside on Wednesday, eventually ending the session at $66.9, with a gain of 1.26% or 0.83 points. The heightened volatility saw the trading volume jump to 16,56,713 shares. Company has a market cap of $9,748 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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