Bank of America Corp DE Sells 539,392 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Bank of America Corp DE decreased its holdings in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 79.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 142,879 shares of the travel company's stock after selling 539,392 shares during the quarter. Bank of America Corp DE owned approximately 0.10% of Tripadvisor worth $2,110,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. ExodusPoint Capital Management LP acquired a new position in Tripadvisor in the 4th quarter valued at $5,170,000. Ieq Capital LLC grew its position in Tripadvisor by 391.1% in the 4th quarter. Ieq Capital LLC now owns 63,680 shares of the travel company's stock worth $941,000 after purchasing an additional 50,713 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Tripadvisor during the 4th quarter worth about $308,000. U S Global Investors Inc. lifted its holdings in shares of Tripadvisor by 2.0% during the 4th quarter. U S Global Investors Inc. now owns 1,543,056 shares of the travel company's stock worth $22,791,000 after acquiring an additional 30,508 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Tripadvisor by 6.3% during the 4th quarter. Northern Trust Corp now owns 656,986 shares of the travel company's stock worth $9,704,000 after acquiring an additional 38,858 shares during the period. Institutional investors and hedge funds own 98.99% of the company's stock.

Insider Buying and Selling at Tripadvisor

In other Tripadvisor news, CEO Almir Ambeskovic sold 16,643 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $15.33, for a total transaction of $255,137.19. Following the transaction, the chief executive officer now directly owns 15,931 shares of the company's stock, valued at approximately $244,222.23. The trade was a 51.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.10% of the company's stock.

Analyst Upgrades and Downgrades

TRIP has been the subject of a number of analyst reports. DA Davidson raised their price objective on shares of Tripadvisor from $16.00 to $16.25 and gave the stock a "neutral" rating in a report on Thursday, May 29th. JPMorgan Chase & Co. lifted their price target on shares of Tripadvisor from $11.00 to $13.00 and gave the stock an "underweight" rating in a research report on Friday, May 9th. Wall Street Zen upgraded shares of Tripadvisor from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. Citigroup initiated coverage on Tripadvisor in a research note on Wednesday, May 28th. They issued a "neutral" rating and a $16.00 price target on the stock. Finally, UBS Group boosted their price objective on shares of Tripadvisor from $15.00 to $16.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $17.27.

Tripadvisor Trading Up 0.4%

Shares of Tripadvisor stock traded up $0.05 on Friday, hitting $14.19. The stock had a trading volume of 177,585 shares, compared to its average volume of 2,396,577. The company has a quick ratio of 1.85, a current ratio of 2.10 and a debt-to-equity ratio of 0.93. Tripadvisor, Inc. has a one year low of $10.43 and a one year high of $18.80. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 708.60, a PEG ratio of 9.01 and a beta of 1.32. The stock's 50-day simple moving average is $13.25 and its two-hundred day simple moving average is $14.49.

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

Tripadvisor Profile

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.