Assenagon Asset Management S.A. Increases Stock Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Assenagon Asset Management S.A. boosted its holdings in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 5,405.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 606,007 shares of the travel company's stock after acquiring an additional 595,000 shares during the quarter. Assenagon Asset Management S.A. owned 0.43% of Tripadvisor worth $8,587,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC acquired a new position in shares of Tripadvisor during the 4th quarter valued at $174,000. Bogart Wealth LLC bought a new stake in shares of Tripadvisor in the 4th quarter worth $30,000. Rhumbline Advisers grew its stake in shares of Tripadvisor by 15.6% in the 4th quarter. Rhumbline Advisers now owns 286,342 shares of the travel company's stock worth $4,229,000 after acquiring an additional 38,740 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Tripadvisor by 3.5% in the 4th quarter. Principal Financial Group Inc. now owns 534,304 shares of the travel company's stock worth $7,892,000 after acquiring an additional 18,223 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Tripadvisor in the 4th quarter worth $58,000. 98.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on TRIP shares. DA Davidson upped their target price on shares of Tripadvisor from $16.00 to $16.25 and gave the stock a "neutral" rating in a research note on Thursday, May 29th. UBS Group upped their target price on shares of Tripadvisor from $15.00 to $16.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Wall Street Zen lowered shares of Tripadvisor from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Mizuho upgraded shares of Tripadvisor to a "hold" rating in a research report on Friday, April 18th. Finally, Cantor Fitzgerald reduced their price target on shares of Tripadvisor from $14.00 to $13.00 and set an "underweight" rating for the company in a research report on Friday, February 21st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $17.27.

Tripadvisor Stock Performance

NASDAQ TRIP traded down $0.70 during trading on Friday, hitting $13.30. 2,434,622 shares of the company's stock traded hands, compared to its average volume of 2,411,205. Tripadvisor, Inc. has a 12-month low of $10.43 and a 12-month high of $18.66. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 665.33, a PEG ratio of 9.01 and a beta of 1.32. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 2.10. The business has a 50 day moving average of $13.44 and a 200-day moving average of $14.51.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The travel company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.09. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. The firm had revenue of $398.00 million for the quarter, compared to the consensus estimate of $386.94 million. During the same period in the prior year, the firm posted $0.12 earnings per share. The company's revenue for the quarter was up .8% on a year-over-year basis. As a group, equities research analysts anticipate that Tripadvisor, Inc. will post 0.46 earnings per share for the current fiscal year.

Insider Transactions at Tripadvisor

In other news, CEO Almir Ambeskovic sold 16,643 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $15.33, for a total value of $255,137.19. Following the sale, the chief executive officer now directly owns 15,931 shares of the company's stock, valued at approximately $244,222.23. This represents a 51.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 3.10% of the company's stock.

About Tripadvisor

TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.