Lightrock Netherlands B.V. Buys 278,821 Shares of TripAdvisor, Inc. (NASDAQ:TRIP)

Lightrock Netherlands B.V. lifted its stake in TripAdvisor, Inc. (NASDAQ:TRIP - Free Report) by 54.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 791,287 shares of the travel company's stock after buying an additional 278,821 shares during the period. TripAdvisor makes up approximately 3.0% of Lightrock Netherlands B.V.'s investment portfolio, making the stock its 14th biggest position. Lightrock Netherlands B.V. owned about 0.56% of TripAdvisor worth $11,231,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in TRIP. Tsfg LLC bought a new stake in shares of TripAdvisor in the first quarter valued at approximately $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 period. SRS Capital Advisors Inc. acquired a new stake in TripAdvisor during the 4th quarter worth about $71,000. Wealthfront Advisers LLC acquired a new stake in TripAdvisor during the 4th quarter worth about $87,000. Finally, Sterling Capital Management LLC increased its position in 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 buying an additional 2,219 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors.

Insider Activity at TripAdvisor

In other TripAdvisor news, CEO Almir Ambeskovic sold 16,643 shares of the firm's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $15.33, for a total value of $255,137.19. Following the completion of the sale, the chief executive officer directly owned 15,931 shares in the company, valued at $244,222.23. This trade represents a 51.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Wall Street Zen cut shares of TripAdvisor from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 14th. B. Riley dropped their price objective on TripAdvisor from $20.00 to $18.00 and set a "neutral" rating on the stock in a research note on Monday, March 10th. UBS Group upped their price objective on TripAdvisor from $15.00 to $16.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. upped their price objective on TripAdvisor from $11.00 to $13.00 and gave the company an "underweight" rating in a research note on Friday, May 9th. Finally, DA Davidson lifted their price objective on shares of TripAdvisor from $16.00 to $16.25 and gave the company a "neutral" rating in a research note on Thursday, May 29th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, TripAdvisor presently has an average rating of "Hold" and a consensus target price of $17.27.

TripAdvisor Stock Performance

NASDAQ TRIP opened at $17.36 on Friday. The company has a 50-day simple moving average of $14.01 and a two-hundred day simple moving average of $14.48. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.88. TripAdvisor, Inc. has a 12-month low of $10.43 and a 12-month high of $18.66. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 46.92, a PEG ratio of 3.03 and a beta of 1.28.

TripAdvisor (NASDAQ:TRIP - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The travel company reported $0.14 earnings per share (EPS) for the quarter, beating 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 net margin of 2.94% and a return on equity of 10.68%. The company's revenue was up .8% on a year-over-year basis. During the same period in the prior year, the business posted $0.12 earnings per share. On average, equities analysts forecast that TripAdvisor, Inc. will post 0.46 EPS for the current year.

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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