Jackson Square Partners buys $470,731,486 stake in Tripadvisor Inc (TRIP)

Tripadvisor Inc (TRIP) : Jackson Square Partners scooped up 383,862 additional shares in Tripadvisor Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 9,646,137 shares of Tripadvisor Inc which is valued at $470,731,486.Tripadvisor Inc makes up approximately 2.23% of Jackson Square Partners’s portfolio.

Other Hedge Funds, Including , Ubs Oconnor sold out all of its stake in TRIP during the most recent quarter. The investment firm sold 101,000 shares of TRIP which is valued $4,928,800.Whittier Trust Co reduced its stake in TRIP by selling 233 shares or 39.76% in the most recent quarter. The Hedge Fund company now holds 353 shares of TRIP which is valued at $18,296.Blackrock Investment Management reduced its stake in TRIP by selling 293,874 shares or 18.96% in the most recent quarter. The Hedge Fund company now holds 1,256,097 shares of TRIP which is valued at $79,674,233. Tripadvisor Inc makes up approx 0.10% of Blackrock Investment Management’s portfolio.Blackrock Japan Ltd boosted its stake in TRIP in the latest quarter, The investment management firm added 1,540 additional shares and now holds a total of 143,548 shares of Tripadvisor Inc which is valued at $9,105,250. Tripadvisor Inc makes up approx 0.03% of Blackrock Japan Ltd’s portfolio.Jennison Associates reduced its stake in TRIP by selling 192,526 shares or 22.51% in the most recent quarter. The Hedge Fund company now holds 662,592 shares of TRIP which is valued at $40,835,545. Tripadvisor Inc makes up approx 0.05% of Jennison Associates’s portfolio.

Tripadvisor Inc closed down -0.18 points or -0.35% at $50.79 with 13,38,828 shares getting traded on Monday. Post opening the session at $50.77, the shares hit an intraday low of $50.29 and an intraday high of $51.51 and the price fluctuated in this range throughout the day.Shares ended Monday 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. Susquehanna Initiated Tripadvisor Inc on Oct 20, 2016 to “Neutral”, Price Target of the shares are set at $55.

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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