Bank of New York Mellon Corp Has $10.55 Million Holdings in TripAdvisor, Inc. (NASDAQ:TRIP)

Bank of New York Mellon Corp lowered its position in shares of TripAdvisor, Inc. (NASDAQ:TRIP - Free Report) by 3.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 744,615 shares of the travel company's stock after selling 29,017 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.53% of TripAdvisor worth $10,551,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Tsfg LLC purchased a new stake in TripAdvisor in the 1st quarter valued at $35,000. Aster Capital Management DIFC Ltd lifted its holdings in TripAdvisor by 83.8% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company's stock valued at $50,000 after acquiring an additional 1,557 shares during the period. Sterling Capital Management LLC grew its position in shares of TripAdvisor by 55.5% during the fourth quarter. Sterling Capital Management LLC now owns 6,219 shares of the travel company's stock worth $92,000 after purchasing an additional 2,219 shares in the last quarter. Covestor Ltd lifted its stake in shares of TripAdvisor by 806.6% in the 4th quarter. Covestor Ltd now owns 6,564 shares of the travel company's stock valued at $97,000 after purchasing an additional 5,840 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of TripAdvisor by 150,850.0% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,057 shares of the travel company's stock worth $134,000 after acquiring an additional 9,051 shares during the last quarter. Institutional investors own 98.99% of the company's stock.

Insider Activity at TripAdvisor

In other news, CEO Almir Ambeskovic sold 16,643 shares of the company's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $15.33, for a total value of $255,137.19. Following the completion of the sale, the chief executive officer owned 15,931 shares of the company's stock, valued at approximately $244,222.23. This represents a 51.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.10% of the company's stock.

TripAdvisor Stock Down 1.0%

NASDAQ:TRIP opened at $17.33 on Tuesday. TripAdvisor, Inc. has a 1 year low of $10.43 and a 1 year high of $18.66. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 29.18, a PEG ratio of 2.65 and a beta of 1.28. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.88. The stock has a 50-day moving average price of $14.88 and a two-hundred day moving average price of $14.72.

TripAdvisor (NASDAQ:TRIP - Get Free Report) last announced its earnings results on Wednesday, May 7th. The travel company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.09. The firm had revenue of $398.00 million for the quarter, compared to the consensus estimate of $386.94 million. TripAdvisor had a return on equity of 10.68% and a net margin of 2.94%. The company's revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.12 EPS. As a group, equities analysts expect that TripAdvisor, Inc. will post 0.46 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TRIP shares. UBS Group increased their price objective 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. Citigroup assumed coverage on shares of TripAdvisor in a report on Wednesday, May 28th. They set a "neutral" rating and a $16.00 price objective on the stock. Bank of America started coverage on shares of TripAdvisor in a research report on Monday, July 14th. They issued a "neutral" rating and a $19.00 price target on the stock. Wall Street Zen lowered shares of TripAdvisor from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 14th. Finally, Mizuho upgraded shares of TripAdvisor to a "hold" rating in a report on Friday, April 18th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, TripAdvisor currently has a consensus rating of "Hold" and a consensus target price of $17.40.

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.

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