Legato Capital Management LLC Invests $2.45 Million in TripAdvisor, Inc. (NASDAQ:TRIP)

Legato Capital Management LLC purchased a new position in shares of TripAdvisor, Inc. (NASDAQ:TRIP - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 172,890 shares of the travel company's stock, valued at approximately $2,450,000. Legato Capital Management LLC owned about 0.12% of TripAdvisor as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of TRIP. Tsfg LLC acquired a new stake in shares of TripAdvisor during the 1st quarter worth about $35,000. Aster Capital Management DIFC Ltd grew its holdings in TripAdvisor by 83.8% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company's stock worth $50,000 after acquiring an additional 1,557 shares during the last quarter. Sterling Capital Management LLC grew its holdings in TripAdvisor by 55.5% during the 4th quarter. Sterling Capital Management LLC now owns 6,219 shares of the travel company's stock worth $92,000 after acquiring an additional 2,219 shares during the last quarter. Covestor Ltd lifted its position in shares of TripAdvisor by 806.6% in the 4th quarter. Covestor Ltd now owns 6,564 shares of the travel company's stock worth $97,000 after purchasing an additional 5,840 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. lifted its position in shares of TripAdvisor by 150,850.0% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,057 shares of the travel company's stock worth $134,000 after purchasing an additional 9,051 shares during the period. 98.99% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Almir Ambeskovic sold 16,643 shares of TripAdvisor 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 sale, the chief executive officer owned 15,931 shares of the company's stock, valued at approximately $244,222.23. This trade represents a 51.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.10% of the company's stock.

TripAdvisor Price Performance

NASDAQ:TRIP opened at $17.79 on Wednesday. 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 1-year low of $10.43 and a 1-year high of $18.66. The firm has a fifty day simple moving average of $14.88 and a 200 day simple moving average of $14.72. The stock has a market capitalization of $2.52 billion, a PE ratio of 48.08, a P/E/G ratio of 2.62 and a beta of 1.28.

TripAdvisor (NASDAQ:TRIP - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The travel company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.09. TripAdvisor had a return on equity of 10.68% and a net margin of 2.94%. The company had revenue of $398.00 million for the quarter, compared to analysts' expectations of $386.94 million. During the same period in the previous year, the business posted $0.12 earnings per share. The business's quarterly revenue was up .8% compared to the same quarter last year. On average, research analysts expect that TripAdvisor, Inc. will post 0.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TRIP shares. JPMorgan Chase & Co. increased their price target on shares of TripAdvisor from $11.00 to $13.00 and gave the company an "underweight" rating in a research report on Friday, May 9th. DA Davidson set a $16.25 target price on shares of TripAdvisor in a research report on Tuesday, July 8th. Wall Street Zen lowered shares of TripAdvisor from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 14th. Bank of America started coverage on shares of TripAdvisor in a report on Monday, July 14th. They issued a "neutral" rating and a $19.00 price target on the stock. Finally, Mizuho raised shares of TripAdvisor to a "hold" rating in a research note on Friday, April 18th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $17.40.

TripAdvisor 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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