Empowered Funds LLC Invests $6.91 Million in TripAdvisor, Inc. $TRIP

Key Points

• Empowered Funds LLC initiated a $6.91 million position in TripAdvisor, buying 504,202 shares, while institutional investors and hedge funds collectively own 98.99% of the stock.
• Analyst sentiment remains cautious: the consensus rating is “Reduce”, with an average price target of $14.12; four analysts rate the stock Buy, six Hold, and five Sell.
• TripAdvisor’s latest results missed expectations, with $0.35 in quarterly EPS versus $0.38 forecast and revenue of $385.3 million, down 7.2% year over year and below the $506.27 million consensus estimate.

Empowered Funds LLC bought a new position in shares of TripAdvisor, Inc. (NASDAQ:TRIP - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 504,202 shares of the travel company's stock, valued at approximately $6,913,000. Empowered Funds LLC owned 0.43% of TripAdvisor at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TRIP. BlackRock Inc. acquired a new stake in TripAdvisor in the 2nd quarter worth $239,065,000. Alyeska Investment Group L.P. acquired a new position in TripAdvisor in the 3rd quarter valued at approximately $26,848,000. Ameriprise Financial Inc. raised its stake in shares of TripAdvisor by 24.2% in the third quarter. Ameriprise Financial Inc. now owns 7,416,019 shares of the travel company's stock valued at $120,585,000 after purchasing an additional 1,445,607 shares in the last quarter. Converium Capital Inc. bought a new position in shares of TripAdvisor during the 1st quarter worth about $11,460,000. Finally, Nuveen LLC lifted its stake in TripAdvisor by 40.1% during the fourth quarter. Nuveen LLC now owns 3,355,310 shares of the travel company's stock worth $48,853,000 after purchasing an additional 961,121 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TRIP has been the subject of several analyst reports. B. Riley Financial cut their price target on shares of TripAdvisor from $13.00 to $12.50 and set a "neutral" rating for the company in a report on Monday, August 10th. UBS Group decreased their price objective on shares of TripAdvisor from $15.00 to $12.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 11th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $16.00 price objective on shares of TripAdvisor in a report on Monday, July 20th. DA Davidson boosted their target price on TripAdvisor from $10.50 to $15.50 and gave the stock a "neutral" rating in a report on Monday, June 15th. Finally, Barclays decreased their price target on TripAdvisor from $10.00 to $9.00 and set an "underweight" rating on the stock in a research report on Monday, May 11th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and five have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average target price of $14.12.

TripAdvisor Price Performance

Shares of NASDAQ:TRIP opened at $9.87 on Monday. TripAdvisor, Inc. has a 12 month low of $9.01 and a 12 month high of $20.16. The company's 50-day moving average price is $12.70 and its two-hundred day moving average price is $11.41. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.28. The firm has a market cap of $1.16 billion, a P/E ratio of 987.99, a P/E/G ratio of 3.67 and a beta of 0.86.

TripAdvisor (NASDAQ:TRIP - Get Free Report) last announced its earnings results on Thursday, August 6th. The travel company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.03). TripAdvisor had a return on equity of 4.23% and a net margin of 0.28%.The company had revenue of $385.30 million during the quarter, compared to the consensus estimate of $506.27 million. During the same period in the prior year, the firm posted $0.46 earnings per share. The company's revenue was down 7.2% on a year-over-year basis. As a group, research analysts forecast that TripAdvisor, Inc. will post 0.36 EPS for the current fiscal year.

Insider Buying and Selling at TripAdvisor

In related news, CEO Almir Ambeskovic sold 8,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $12.30, for a total value of $98,400.00. Following the completion of the sale, the chief executive officer owned 34,396 shares of the company's stock, valued at $423,070.80. This trade represents a 18.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.00% of the stock is currently owned by corporate insiders.

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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