Allen Holding Inc Ny Lowers stake in Tripadvisor Inc (TRIP)

Tripadvisor Inc (TRIP) : Allen Holding Inc Ny reduced its stake in Tripadvisor Inc by 3.81% during the most recent quarter end. The investment management company now holds a total of 192,376 shares of Tripadvisor Inc which is valued at $11,869,599 after selling 7,624 shares in Tripadvisor Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Tripadvisor Inc makes up approximately 2.56% of Allen Holding Inc Ny’s portfolio.

Other Hedge Funds, Including , Eachwin Capital Lp reduced its stake in TRIP by selling 1,095 shares or 16.38% in the most recent quarter. The Hedge Fund company now holds 5,588 shares of TRIP which is valued at $344,780. Tripadvisor Inc makes up approx 0.32% of Eachwin Capital Lp’s portfolio.Disciplined Growth Investors Inc Mn boosted its stake in TRIP in the latest quarter, The investment management firm added 11,800 additional shares and now holds a total of 482,675 shares of Tripadvisor Inc which is valued at $29,781,048. Tripadvisor Inc makes up approx 0.69% of Disciplined Growth Investors Inc Mn’s portfolio.

Tripadvisor Inc opened for trading at $60.91 and hit $61.58 on the upside on Thursday, eventually ending the session at $61.32, with a gain of 0.52% or 0.32 points. The heightened volatility saw the trading volume jump to 10,24,136 shares. Company has a market cap of $8,932 M.

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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