Lecap Asset Management Ltd. bought a new position in shares of TripAdvisor, Inc. (NASDAQ:TRIP - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 75,560 shares of the travel company's stock, valued at approximately $1,071,000. Lecap Asset Management Ltd. owned 0.05% of TripAdvisor as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd increased its holdings in TripAdvisor by 83.8% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company's stock valued at $50,000 after buying an additional 1,557 shares during the last quarter. SRS Capital Advisors Inc. acquired a new position in shares of TripAdvisor during the 4th quarter worth about $71,000. Wealthfront Advisers LLC purchased a new position in shares of TripAdvisor in the 4th quarter valued at about $87,000. Sterling Capital Management LLC increased 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 acquiring an additional 2,219 shares during the last quarter. Finally, Covestor Ltd raised its position in shares of TripAdvisor by 806.6% during the 4th quarter. Covestor Ltd now owns 6,564 shares of the travel company's stock worth $97,000 after acquiring an additional 5,840 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 research analysts recently commented on TRIP shares. Mizuho upgraded shares of TripAdvisor to a "hold" rating in a research note on Friday, April 18th. Wall Street Zen cut TripAdvisor from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 14th. JPMorgan Chase & Co. boosted their target price on TripAdvisor from $11.00 to $13.00 and gave the company an "underweight" rating in a report on Friday, May 9th. Citigroup assumed coverage on TripAdvisor in a research note on Wednesday, May 28th. They set a "neutral" rating and a $16.00 price target on the stock. Finally, UBS Group lifted their price target on TripAdvisor from $15.00 to $16.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, TripAdvisor currently has a consensus rating of "Hold" and a consensus target price of $17.27.
Check Out Our Latest Stock Analysis on TripAdvisor
TripAdvisor Stock Performance
TripAdvisor stock traded up $0.41 during mid-day trading on Thursday, reaching $12.91. The company's stock had a trading volume of 5,589,810 shares, compared to its average volume of 2,459,970. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.88. TripAdvisor, Inc. has a twelve month low of $10.43 and a twelve month high of $18.66. The business has a 50 day moving average price of $13.64 and a 200-day moving average price of $14.44. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 34.89, a PEG ratio of 2.34 and a beta of 1.32.
TripAdvisor (NASDAQ:TRIP - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The travel company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.09. TripAdvisor had a net margin of 2.94% and a return on equity of 10.68%. The firm had revenue of $398.00 million for the quarter, compared to the consensus estimate of $386.94 million. During the same period last year, the firm posted $0.12 EPS. TripAdvisor's quarterly revenue was up .8% compared to the same quarter last year. Sell-side analysts predict that TripAdvisor, Inc. will post 0.46 EPS for the current fiscal year.
Insider Activity
In related news, CEO Almir Ambeskovic sold 16,643 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $15.33, for a total value of $255,137.19. Following the sale, the chief executive officer now directly owns 15,931 shares in the company, valued at $244,222.23. This trade represents a 51.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.10% of the company's stock.
TripAdvisor Company Profile
(
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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