Northern Trust Corp Grows Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Northern Trust Corp increased its stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 6.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 656,986 shares of the travel company's stock after purchasing an additional 38,858 shares during the period. Northern Trust Corp owned 0.47% of Tripadvisor worth $9,704,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bogart Wealth LLC bought a new stake in shares of Tripadvisor during the fourth quarter valued at about $30,000. Blue Trust Inc. grew its stake in Tripadvisor by 204.4% during the fourth quarter. Blue Trust Inc. now owns 2,298 shares of the travel company's stock valued at $33,000 after acquiring an additional 1,543 shares in the last quarter. Aster Capital Management DIFC Ltd grew its stake in Tripadvisor by 83.8% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company's stock valued at $50,000 after acquiring an additional 1,557 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Tripadvisor during the 4th quarter worth approximately $58,000. Finally, SRS Capital Advisors Inc. purchased a new stake in Tripadvisor in the 4th quarter worth approximately $71,000. Hedge funds and other institutional investors own 98.99% of the company's stock.

Insider Buying and Selling

In other Tripadvisor news, CEO Almir Ambeskovic sold 16,643 shares of the company's stock in a transaction dated Friday, May 16th. The shares were 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 now directly owns 15,931 shares in the company, valued at $244,222.23. This represents a 51.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 3.10% of the stock is owned by corporate insiders.

Tripadvisor Price Performance

NASDAQ:TRIP traded down $1.07 during mid-day trading on Wednesday, reaching $13.54. The stock had a trading volume of 2,854,814 shares, compared to its average volume of 2,367,808. The stock has a market capitalization of $1.90 billion, a P/E ratio of 677.34, a P/E/G ratio of 9.01 and a beta of 1.27. The firm has a 50 day moving average price of $13.39 and a two-hundred day moving average price of $14.58. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 2.10. Tripadvisor, Inc. has a one year low of $10.43 and a one year high of $18.80.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The travel company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.09. The business had revenue of $398.00 million for the quarter, compared to analysts' expectations of $386.94 million. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. The business's quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the business earned $0.12 earnings per share. As a group, analysts expect that Tripadvisor, Inc. will post 0.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TRIP has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Tripadvisor from a "hold" rating to a "buy" rating in a research report on Monday, February 24th. Cantor Fitzgerald reduced their target price on Tripadvisor from $14.00 to $13.00 and set an "underweight" rating for the company in a research report on Friday, February 21st. DA Davidson restated a "neutral" rating and issued a $16.00 target price on shares of Tripadvisor in a research note on Thursday, February 20th. JPMorgan Chase & Co. lifted their price target on Tripadvisor from $11.00 to $13.00 and gave the company an "underweight" rating in a research report on Friday, May 9th. Finally, B. Riley cut their price objective on Tripadvisor from $20.00 to $18.00 and set a "neutral" rating for the company in a report on Monday, March 10th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $17.25.

Tripadvisor Company 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.