Nuveen Asset Management LLC lifted its stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 58.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,607,302 shares of the travel company's stock after buying an additional 595,053 shares during the quarter. Nuveen Asset Management LLC owned about 1.15% of Tripadvisor worth $23,740,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of TRIP. Bogart Wealth LLC purchased a new stake in Tripadvisor in the 4th quarter valued at approximately $30,000. Blue Trust Inc. raised its position in Tripadvisor by 204.4% in the fourth quarter. Blue Trust Inc. now owns 2,298 shares of the travel company's stock worth $33,000 after acquiring an additional 1,543 shares in the last quarter. Aster Capital Management DIFC Ltd lifted 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 acquiring an additional 1,557 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Tripadvisor during the 4th quarter worth $58,000. Finally, SRS Capital Advisors Inc. acquired a new position in Tripadvisor during the fourth quarter worth about $71,000. 98.99% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Tripadvisor
In other Tripadvisor news, CEO Almir Ambeskovic sold 16,643 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $15.33, for a total transaction of $255,137.19. Following the sale, the chief executive officer now directly owns 15,931 shares of the company's stock, valued at $244,222.23. The trade was a 51.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.10% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of analysts recently commented on TRIP shares. Wall Street Zen upgraded Tripadvisor from a "buy" rating to a "strong-buy" rating in a research report on Saturday. UBS Group increased their price target on Tripadvisor from $15.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. raised their price target on shares of Tripadvisor from $11.00 to $13.00 and gave the stock an "underweight" rating in a research report on Friday, May 9th. B. Riley decreased their price objective on shares of Tripadvisor from $20.00 to $18.00 and set a "neutral" rating for the company in a report on Monday, March 10th. Finally, DA Davidson reiterated a "neutral" rating and issued a $16.00 price target on shares of Tripadvisor in a research note on Thursday, February 20th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $17.25.
Get Our Latest Report on Tripadvisor
Tripadvisor Stock Performance
NASDAQ TRIP traded up $0.19 on Wednesday, hitting $14.52. The stock had a trading volume of 398,942 shares, compared to its average volume of 2,799,091. The company has a quick ratio of 1.85, a current ratio of 2.10 and a debt-to-equity ratio of 0.93. The company's 50-day moving average is $13.32 and its two-hundred day moving average is $14.49. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 726.11, a P/E/G ratio of 9.01 and a beta of 1.27. 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 posted its quarterly earnings data on Wednesday, May 7th. The travel company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.09. Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. The company had revenue of $398.00 million for the quarter, compared to the consensus estimate of $386.94 million. During the same quarter in the previous year, the business earned $0.12 EPS. The company's quarterly revenue was up .8% compared to the same quarter last year. On average, analysts expect that Tripadvisor, Inc. will post 0.46 earnings per share for the current year.
About Tripadvisor
(
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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