Confluence Investment Management LLC increased its stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 174.4% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 641,796 shares of the travel company's stock after acquiring an additional 407,938 shares during the period. Confluence Investment Management LLC owned approximately 0.46% of Tripadvisor worth $9,094,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of TRIP. Bogart Wealth LLC acquired a new position in shares of Tripadvisor in the 4th quarter valued at approximately $30,000. Blue Trust Inc. boosted its stake in Tripadvisor by 204.4% during the 4th quarter. Blue Trust Inc. now owns 2,298 shares of the travel company's stock valued at $33,000 after acquiring an additional 1,543 shares during the last quarter. Aster Capital Management DIFC Ltd boosted its stake in Tripadvisor by 83.8% during the 4th 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 last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new position in Tripadvisor during the 4th quarter valued at $58,000. Finally, SRS Capital Advisors Inc. bought a new position in Tripadvisor during the 4th quarter valued at $71,000. 98.99% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
TRIP has been the topic of a number of recent analyst reports. B. Riley cut their target price on shares of Tripadvisor from $20.00 to $18.00 and set a "neutral" rating on the stock in a research note on Monday, March 10th. Cantor Fitzgerald dropped their price target on Tripadvisor from $14.00 to $13.00 and set an "underweight" rating on the stock in a research report on Friday, February 21st. DA Davidson upped their price target on Tripadvisor from $16.00 to $16.25 and gave the company a "neutral" rating in a research report on Thursday. Citigroup initiated coverage on Tripadvisor in a research report on Wednesday. They set a "neutral" rating and a $16.00 price target on the stock. Finally, Wall Street Zen raised Tripadvisor from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $17.27.
Read Our Latest Analysis on TRIP
Tripadvisor Stock Performance
Shares of TRIP stock traded down $0.49 during trading hours on Friday, reaching $14.07. The stock had a trading volume of 3,440,314 shares, compared to its average volume of 2,398,944. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.10 and a quick ratio of 1.85. Tripadvisor, Inc. has a twelve month low of $10.43 and a twelve month high of $18.80. The firm has a 50-day simple moving average of $13.28 and a 200-day simple moving average of $14.49. The firm has a market capitalization of $2.00 billion, a PE ratio of 703.85, a price-to-earnings-growth ratio of 9.01 and a beta of 1.27.
Tripadvisor (NASDAQ:TRIP - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The travel company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.05 by $0.09. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. The company had revenue of $398.00 million for the quarter, compared to analyst estimates of $386.94 million. During the same quarter last year, the business earned $0.12 earnings per share. Tripadvisor's revenue was up .8% compared to the same quarter last year. As a group, equities analysts forecast that Tripadvisor, Inc. will post 0.46 earnings per share for the current year.
Insider Activity at Tripadvisor
In other news, CEO Almir Ambeskovic sold 16,643 shares of the firm's stock in a transaction on Friday, May 16th. The stock was 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. This trade represents a 51.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.10% of the stock is owned by insiders.
About Tripadvisor
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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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