GAMMA Investing LLC Has $523,000 Position in TripAdvisor, Inc. (NASDAQ:TRIP)

GAMMA Investing LLC increased its stake in shares of TripAdvisor, Inc. (NASDAQ:TRIP - Free Report) by 904.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,927 shares of the travel company's stock after buying an additional 33,252 shares during the quarter. GAMMA Investing LLC's holdings in TripAdvisor were worth $523,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. LPL Financial LLC grew its position in TripAdvisor by 8.7% during the fourth quarter. LPL Financial LLC now owns 12,511 shares of the travel company's stock worth $185,000 after buying an additional 997 shares in the last quarter. First Hawaiian Bank boosted its holdings in shares of TripAdvisor by 2.9% in the 1st quarter. First Hawaiian Bank now owns 35,684 shares of the travel company's stock valued at $506,000 after purchasing an additional 1,013 shares in the last quarter. Aster Capital Management DIFC Ltd boosted its holdings in shares of TripAdvisor by 83.8% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company's stock valued at $50,000 after purchasing an additional 1,557 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of TripAdvisor by 0.5% in the 4th quarter. Deutsche Bank AG now owns 444,809 shares of the travel company's stock valued at $6,570,000 after purchasing an additional 2,194 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its holdings in shares of TripAdvisor by 55.5% in the 4th quarter. Sterling Capital Management LLC now owns 6,219 shares of the travel company's stock valued at $92,000 after purchasing an additional 2,219 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TRIP shares. Citigroup started coverage on TripAdvisor in a report on Wednesday, May 28th. They issued a "neutral" rating and a $16.00 target price on the stock. Cantor Fitzgerald reduced their target price on TripAdvisor from $14.00 to $13.00 and set an "underweight" rating on the stock in a report on Friday, February 21st. B. Riley reduced their target price on TripAdvisor from $20.00 to $18.00 and set a "neutral" rating on the stock in a report on Monday, March 10th. Wall Street Zen cut TripAdvisor from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 14th. Finally, Mizuho upgraded TripAdvisor to a "hold" rating in a research note on Friday, April 18th. Two 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. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $17.27.

TripAdvisor Stock Down 1.2%

Shares of TRIP opened at $13.04 on Thursday. TripAdvisor, Inc. has a 52 week low of $10.43 and a 52 week high of $18.66. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 35.24, a PEG ratio of 2.30 and a beta of 1.32. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a fifty day moving average of $13.51 and a 200-day moving average of $14.48.

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

Insider Buying and Selling

In related 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 completion of the transaction, the chief executive officer now directly owns 15,931 shares of the company's stock, valued at $244,222.23. This trade represents a 51.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.10% of the stock is owned by corporate insiders.

TripAdvisor Company Profile

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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