Legal & General Group Plc Invests $3.42 Million in TripAdvisor, Inc. $TRIP

Legal & General Group Plc acquired a new stake in shares of TripAdvisor, Inc. (NASDAQ:TRIP - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 249,691 shares of the travel company's stock, valued at approximately $3,423,000. Legal & General Group Plc owned approximately 0.21% of TripAdvisor as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. UMB Bank n.a. increased its position in TripAdvisor by 295.2% in the 4th quarter. UMB Bank n.a. now owns 2,300 shares of the travel company's stock worth $33,000 after purchasing an additional 1,718 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of TripAdvisor during the 4th quarter valued at about $33,000. Rockefeller Capital Management L.P. grew its stake in shares of TripAdvisor by 192.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,767 shares of the travel company's stock valued at $40,000 after buying an additional 1,821 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings 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 worth $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 third quarter worth approximately $58,000. Institutional investors and hedge funds own 98.99% of the company's stock.

TripAdvisor Stock Performance

Shares of NASDAQ TRIP opened at $9.32 on Friday. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 932.93, a PEG ratio of 3.45 and a beta of 0.83. TripAdvisor, Inc. has a one year low of $9.01 and a one year high of $20.16. The business has a fifty day simple moving average of $12.36 and a 200 day simple moving average of $11.35. 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 (NASDAQ:TRIP - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The travel company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.03). The business had revenue of $385.30 million during the quarter, compared to the consensus estimate of $506.27 million. TripAdvisor had a net margin of 0.28% and a return on equity of 4.23%. The company's quarterly revenue was down 7.2% compared to the same quarter last year. During the same period last year, the firm earned $0.46 EPS. Sell-side analysts expect that TripAdvisor, Inc. will post 0.36 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Almir Ambeskovic sold 8,000 shares of the business's stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $9.45, for a total value of $75,600.00. Following the transaction, the chief executive officer directly owned 30,456 shares of the company's stock, valued at $287,809.20. The trade was a 20.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.00% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the stock. DA Davidson boosted their target price on shares of TripAdvisor from $10.50 to $15.50 and gave the stock a "neutral" rating in a research report on Monday, June 15th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $16.00 price objective on shares of TripAdvisor in a research note on Monday, July 20th. Barclays decreased their price objective on shares of TripAdvisor from $10.00 to $9.00 and set an "underweight" rating for the company in a report on Monday, May 11th. Wedbush boosted their price target on TripAdvisor from $19.00 to $20.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 16th. Finally, BTIG Research lowered TripAdvisor from a "buy" rating to a "neutral" rating in a report on Tuesday, July 21st. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, TripAdvisor has a consensus rating of "Reduce" and an average 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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