Ontario Teachers Pension Plan Board Increases Position in Tripadvisor INC (TRIP)

August 24, 2017 - By Stephen Andrade

Investors sentiment decreased to 0.94 in 2016 Q4. Its down 0.21, from 1.15 in 2016Q3. It turned negative, as 64 investors sold TRIP shares while 112 reduced holdings. 54 funds opened positions while 111 raised stakes. 115.10 million shares or 6.27% less from 122.79 million shares in 2016Q3 were reported. Savings Bank Of New York Mellon accumulated 4.77M shares. Quantres Asset Mngmt accumulated 20,500 shares or 0.66% of the stock. Advantus Capital Mngmt reported 11,242 shares. Westpac Bk has invested 0% in Tripadvisor Inc (NASDAQ:TRIP). Kbc Group Nv reported 0.07% in Tripadvisor Inc (NASDAQ:TRIP). Logan Management invested in 0.1% or 27,110 shares. Moreover, Highfields Cap Mngmt Ltd Partnership has 0.98% invested in Tripadvisor Inc (NASDAQ:TRIP) for 2.56M shares. Aqr Mgmt Ltd Liability owns 261,230 shares or 0.02% of their US portfolio. Fmr Ltd Liability Com invested in 0.01% or 1.95 million shares. Bessemer Grp stated it has 0% in Tripadvisor Inc (NASDAQ:TRIP). Fdx Advsr has 30,616 shares. The Missouri-based Parkside Bank & Trust And Tru has invested 0% in Tripadvisor Inc (NASDAQ:TRIP). Comerica Savings Bank stated it has 0.02% in Tripadvisor Inc (NASDAQ:TRIP). Pictet Asset Mngmt Limited has 0.09% invested in Tripadvisor Inc (NASDAQ:TRIP) for 494,512 shares. Davenport & Ltd Llc reported 715,270 shares.

Since March 2, 2017, it had 0 insider buys, and 2 selling transactions for $203,819 activity. 614 shares valued at $26,777 were sold by Seidenberg Barrie on Thursday, March 9.

Ontario Teachers Pension Plan Board increased its stake in Tripadvisor Inc (TRIP) by 67.25% based on its latest 2016Q4 regulatory filing with the SEC. Ontario Teachers Pension Plan Board bought 518,211 shares as the company’s stock declined 6.33% while stock markets rallied. The institutional investor held 1.29M shares of the technology company at the end of 2016Q4, valued at $59.76M, up from 770,610 at the end of the previous reported quarter. Ontario Teachers Pension Plan Board who had been investing in Tripadvisor Inc for a number of months, seems to be bullish on the $6.05B market cap company. The stock rose 5.49% or $2.27 reaching $43.61 per share. About 2.38 million shares traded. Tripadvisor Inc (NASDAQ:TRIP) has declined 30.31% since August 24, 2016 and is downtrending. It has underperformed by 47.01% the S&P500.

Ontario Teachers Pension Plan Board, which manages about $9.51B US Long portfolio, decreased its stake in Sprint Corp (NYSE:S) by 7.51 million shares to 34.73 million shares, valued at $292.46M in 2016Q4, according to the filing. It also reduced its holding in Devon Energy Corp New (NYSE:DVN) by 523,391 shares in the quarter, leaving it with 41,788 shares, and cut its stake in Qualcomm Inc (NASDAQ:QCOM).

More notable recent Tripadvisor Inc (NASDAQ:TRIP) news were published by: Seekingalpha.com which released: “TripAdvisor: Right Time To Be Bullish” on August 21, 2017, also Fool.com with their article: “Why TripAdvisor Inc Stock Slumped Today” published on August 09, 2017, Fool.com published: “TripAdvisor Inc. Earnings: What to Watch” on August 07, 2017. More interesting news about Tripadvisor Inc (NASDAQ:TRIP) were released by: Seekingalpha.com and their article: “TripAdvisor: An Old Spin-Off Now At A Value Price” published on August 23, 2017 as well as Seekingalpha.com‘s news article titled: “A Bullish Look At TripAdvisor” with publication date: August 15, 2017.

Tripadvisor Inc (NASDAQ:TRIP) Ratings Coverage

Among 27 analysts covering TripAdvisor LLC (NASDAQ:TRIP), 0 have Buy rating, 6 Sell and 21 Hold. Therefore 0 are positive. TripAdvisor LLC had 57 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Hold” rating in Monday, August 7 report. Deutsche Bank maintained Tripadvisor Inc (NASDAQ:TRIP) rating on Thursday, September 17. Deutsche Bank has “Buy” rating and $93 target. Macquarie Research downgraded Tripadvisor Inc (NASDAQ:TRIP) on Tuesday, October 27 to “Neutral” rating. Deutsche Bank maintained Tripadvisor Inc (NASDAQ:TRIP) on Friday, July 24 with “Buy” rating. The stock of Tripadvisor Inc (NASDAQ:TRIP) earned “Equal-Weight” rating by Barclays Capital on Monday, August 7. As per Friday, May 26, the company rating was downgraded by Macquarie Research. The rating was maintained by JP Morgan on Tuesday, April 12 with “Neutral”. As per Friday, November 6, the company rating was maintained by RBC Capital Markets. As per Wednesday, August 9, the company rating was maintained by Stifel Nicolaus. The stock of Tripadvisor Inc (NASDAQ:TRIP) earned “Hold” rating by Oppenheimer on Friday, May 26.

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