Lone Pine Capital Adds to TripAdvisor Stake
From market folly
December 31, 2013 - 12:15pm
Steve Mandel's hedge fund firm Lone Pine Capital recently filed a 13G with the SEC during the holidays on shares of TripAdvisor (TRIP). Per the filing, Lone Pine has revealed a 5% ownership stake in TRIP with 6,523,653 shares.
This marks around a 13% increase in their position size since the end of the third quarter. The 13G was filed due to portfolio activity on December 12th.
Lone Pine has been busy doing some buying and we've posted up some of their other portfolio activity here.
Liberty Media Also Likes TRIP
It's also worth flagging that John Malone's Liberty Media (LMCA) recently bought a big slug of TripAdvisor as well. Barry Diller sold his stake to Liberty for $62.50 a share (a 40% premium at the time). This transaction gave Liberty 57% of the company's voting shares.
Per Google Finance, TripAdvisor is "an online travel research company, enabling users to ...Continue reading this article »