Hsbc Holdings PLC Buys Shares of 280,028 TripAdvisor, Inc. $TRIP

Hsbc Holdings PLC purchased a new stake in TripAdvisor, Inc. (NASDAQ:TRIP - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 280,028 shares of the travel company's stock, valued at approximately $3,883,000. Hsbc Holdings PLC owned about 0.24% of TripAdvisor as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in TripAdvisor by 29.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,998 shares of the travel company's stock worth $1,162,000 after acquiring an additional 18,699 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of TripAdvisor by 1,183.2% during the 1st quarter. Jones Financial Companies Lllp now owns 6,416 shares of the travel company's stock valued at $85,000 after purchasing an additional 5,916 shares during the last quarter. Empowered Funds LLC increased its position in TripAdvisor by 14.2% during the 1st quarter. Empowered Funds LLC now owns 13,475 shares of the travel company's stock worth $191,000 after purchasing an additional 1,676 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in TripAdvisor by 8.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 297,532 shares of the travel company's stock worth $4,216,000 after purchasing an additional 22,136 shares in the last quarter. Finally, Creative Planning bought a new position in TripAdvisor in the 2nd quarter valued at approximately $349,000. Institutional investors and hedge funds own 98.99% of the company's stock.

Insider Buying and Selling at TripAdvisor

In related news, CEO Almir Ambeskovic sold 8,000 shares of TripAdvisor stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $9.45, for a total transaction of $75,600.00. Following the completion of the transaction, the chief executive officer owned 30,456 shares of the company's stock, valued at $287,809.20. This trade represents a 20.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 company insiders.

TripAdvisor Price Performance

Shares of TRIP opened at $8.82 on Friday. The business has a 50-day moving average of $11.97 and a 200-day moving average of $11.32. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 882.88, a price-to-earnings-growth ratio of 3.28 and a beta of 0.83. TripAdvisor, Inc. has a 1 year low of $8.41 and a 1 year high of $20.16.

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 the consensus estimate of $0.38 by ($0.03). TripAdvisor had a net margin of 0.28% and a return on equity of 4.23%. The company had revenue of $385.30 million during the quarter, compared to the consensus estimate of $506.27 million. During the same quarter in the previous year, the company earned $0.46 earnings per share. The business's revenue was down 7.2% on a year-over-year basis. As a group, equities research analysts anticipate that TripAdvisor, Inc. will post 0.36 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on TRIP shares. Cantor Fitzgerald decreased their target price on shares of TripAdvisor from $10.00 to $9.00 and set an "underweight" rating on the stock in a research note on Friday, August 7th. DA Davidson raised their price objective on TripAdvisor from $10.50 to $15.50 and gave the company a "neutral" rating in a report on Monday, June 15th. Wedbush upped their target price on TripAdvisor from $19.00 to $20.00 and gave the stock an "outperform" rating in a report on Tuesday, June 16th. BTIG Research downgraded TripAdvisor from a "buy" rating to a "neutral" rating in a research report on Tuesday, July 21st. Finally, The Goldman Sachs Group restated a "buy" rating and set a $16.00 price target on shares of TripAdvisor in a report on Monday, July 20th. Four equities research 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 MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus price target of $14.12.

TripAdvisor 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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