Boyar Asset Management Inc. acquired a new position in TripAdvisor, Inc. (NASDAQ:TRIP - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 61,078 shares of the travel company's stock, valued at approximately $865,000.
A number of other hedge funds have also bought and sold shares of the business. Lecap Asset Management Ltd. bought a new position in TripAdvisor in the 1st quarter worth about $1,071,000. Brown Miller Wealth Management LLC purchased a new stake in shares of TripAdvisor in the first quarter worth about $164,000. Assenagon Asset Management S.A. boosted its position in shares of TripAdvisor by 5,405.7% in the first quarter. Assenagon Asset Management S.A. now owns 606,007 shares of the travel company's stock valued at $8,587,000 after acquiring an additional 595,000 shares during the period. Gilman Hill Asset Management LLC grew its stake in TripAdvisor by 26.8% during the first quarter. Gilman Hill Asset Management LLC now owns 311,910 shares of the travel company's stock valued at $4,420,000 after acquiring an additional 65,998 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in TripAdvisor by 904.8% during the first quarter. GAMMA Investing LLC now owns 36,927 shares of the travel company's stock valued at $523,000 after acquiring an additional 33,252 shares in the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.
TripAdvisor Price Performance
NASDAQ:TRIP traded up $0.41 during mid-day trading on Thursday, reaching $12.91. The stock had a trading volume of 5,589,810 shares, compared to its average volume of 2,459,970. The stock has a market capitalization of $1.83 billion, a P/E ratio of 34.89, a P/E/G ratio of 2.34 and a beta of 1.32. The firm has a 50 day moving average price of $13.64 and a two-hundred day moving average price of $14.44. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.90 and a current ratio of 1.90. TripAdvisor, Inc. has a one year low of $10.43 and a one year high of $18.66.
TripAdvisor (NASDAQ:TRIP - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The travel company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.05 by $0.09. TripAdvisor had a net margin of 2.94% and a return on equity of 10.68%. The firm had revenue of $398.00 million for the quarter, compared to the consensus estimate of $386.94 million. During the same period last year, the firm posted $0.12 earnings per share. The business's revenue was up .8% compared to the same quarter last year. As a group, analysts expect that TripAdvisor, Inc. will post 0.46 earnings per share for the current year.
Insider Buying and Selling
In related news, CEO Almir Ambeskovic sold 16,643 shares of the stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $15.33, for a total transaction of $255,137.19. Following the completion of the sale, the chief executive officer now directly owns 15,931 shares in the company, valued at $244,222.23. This represents a 51.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.10% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Several brokerages have commented on TRIP. Citigroup began coverage on shares of TripAdvisor in a report on Wednesday, May 28th. They issued a "neutral" rating and a $16.00 price target for the company. Wall Street Zen downgraded TripAdvisor from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 14th. UBS Group lifted their price objective on TripAdvisor from $15.00 to $16.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Mizuho upgraded TripAdvisor to a "hold" rating in a research report on Friday, April 18th. Finally, DA Davidson raised their price target on TripAdvisor from $16.00 to $16.25 and gave the company a "neutral" rating in a report on Thursday, May 29th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $17.27.
Check Out Our Latest Analysis on TRIP
TripAdvisor Company Profile
(
Free Report)
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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