Deutsche Bank AG Purchases Shares of 128,389 TripAdvisor, Inc. $TRIP

Key Points

• Deutsche Bank acquired 128,389 TripAdvisor shares worth approximately $1.76 million, giving it a 0.11% stake. Institutional investors collectively own 98.99% of the company.
• TripAdvisor reported weaker-than-expected quarterly results, with $0.35 in EPS versus $0.38 expected and revenue of $385.3 million versus $506.27 million estimates. Revenue declined 7.2% year over year.
• Analyst sentiment remains cautious: the stock has a consensus “Reduce” rating and a $14.12 target price, while shares recently traded at $9.87 after falling within a $9.01–$20.16 12-month range.

Deutsche Bank AG purchased a new position in TripAdvisor, Inc. (NASDAQ:TRIP - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 128,389 shares of the travel company's stock, valued at approximately $1,760,000. Deutsche Bank AG owned about 0.11% of TripAdvisor at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TRIP. UMB Bank n.a. increased its holdings in shares of TripAdvisor by 295.2% in the fourth quarter. UMB Bank n.a. now owns 2,300 shares of the travel company's stock valued at $33,000 after purchasing an additional 1,718 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of TripAdvisor during the fourth quarter worth about $33,000. Rockefeller Capital Management L.P. lifted its holdings in shares of TripAdvisor by 192.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,767 shares of the travel company's stock worth $40,000 after purchasing an additional 1,821 shares during the period. Tower Research Capital LLC TRC boosted its position in TripAdvisor by 308.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,077 shares of the travel company's stock valued at $53,000 after buying an additional 3,078 shares during the last quarter. Finally, CIBC Private Wealth Group LLC acquired a new position in TripAdvisor in the 3rd quarter worth approximately $58,000. Hedge funds and other institutional investors own 98.99% of the company's stock.

TripAdvisor Trading Up 0.8%

Shares of TripAdvisor stock opened at $9.87 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.28. TripAdvisor, Inc. has a twelve month low of $9.01 and a twelve month high of $20.16. The firm has a market capitalization of $1.16 billion, a PE ratio of 987.99, a P/E/G ratio of 3.64 and a beta of 0.86. The firm's 50-day moving average price is $12.70 and its 200 day moving average price is $11.42.

TripAdvisor (NASDAQ:TRIP - Get Free Report) last announced its earnings results on Thursday, August 6th. The travel company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.38 by ($0.03). The firm had revenue of $385.30 million for the quarter, compared to analyst estimates of $506.27 million. TripAdvisor had a net margin of 0.28% and a return on equity of 4.23%. TripAdvisor's revenue was down 7.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.46 EPS. On average, sell-side analysts predict that TripAdvisor, Inc. will post 0.36 EPS for the current fiscal year.

Insiders Place Their Bets

In other TripAdvisor news, CEO Almir Ambeskovic sold 8,000 shares of the business's stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $12.30, for a total transaction of $98,400.00. Following the transaction, the chief executive officer owned 34,396 shares of the company's stock, valued at approximately $423,070.80. The trade was a 18.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

TRIP has been the subject of a number of recent research reports. BTIG Research lowered shares of TripAdvisor from a "buy" rating to a "neutral" rating in a research report on Tuesday, July 21st. DA Davidson boosted their target price on shares of TripAdvisor from $10.50 to $15.50 and gave the company a "neutral" rating in a research report on Monday, June 15th. The Goldman Sachs Group restated a "buy" rating and set a $16.00 target price on shares of TripAdvisor in a research report on Monday, July 20th. JPMorgan Chase & Co. reduced their price objective on TripAdvisor from $11.00 to $10.00 and set an "underweight" rating for the company in a research note on Friday, August 7th. Finally, Barclays lowered their target price on TripAdvisor from $10.00 to $9.00 and set an "underweight" rating on the stock in a research note on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of $14.12.

TripAdvisor Company Profile

TripAdvisor NASDAQ: TRIP is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company's flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor's offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.

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