Rhumbline Advisers lowered its stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 15.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 241,357 shares of the travel company's stock after selling 44,985 shares during the quarter. Rhumbline Advisers owned about 0.17% of Tripadvisor worth $3,420,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. LPL Financial LLC increased its position in Tripadvisor by 8.7% during the fourth quarter. LPL Financial LLC now owns 12,511 shares of the travel company's stock worth $185,000 after acquiring an additional 997 shares during the period. First Hawaiian Bank increased its holdings in Tripadvisor by 2.9% in the 1st quarter. First Hawaiian Bank now owns 35,684 shares of the travel company's stock valued at $506,000 after buying an additional 1,013 shares during the period. Aster Capital Management DIFC Ltd increased its holdings in Tripadvisor by 83.8% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company's stock valued at $50,000 after buying an additional 1,557 shares during the period. Bogart Wealth LLC bought a new stake in Tripadvisor in the 4th quarter valued at $30,000. Finally, Deutsche Bank AG increased its holdings in Tripadvisor by 0.5% in the 4th quarter. Deutsche Bank AG now owns 444,809 shares of the travel company's stock valued at $6,570,000 after buying an additional 2,194 shares during the period. Institutional investors own 98.99% of the company's stock.
Tripadvisor Price Performance
Shares of TRIP traded down $0.70 during trading hours on Friday, hitting $13.30. The stock had a trading volume of 2,434,622 shares, compared to its average volume of 2,411,205. The company's fifty day moving average is $13.44 and its two-hundred day moving average is $14.51. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.10 and a quick ratio of 1.85. Tripadvisor, Inc. has a 52 week low of $10.43 and a 52 week high of $18.66. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 665.33, a P/E/G ratio of 9.01 and a beta of 1.32.
Tripadvisor (NASDAQ:TRIP - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The travel company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.09. The business had revenue of $398.00 million for the quarter, compared to the consensus estimate of $386.94 million. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. The firm's quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.12 EPS. On average, analysts anticipate that Tripadvisor, Inc. will post 0.46 EPS for the current year.
Insider Buying and Selling
In related 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 transaction, the chief executive officer now owns 15,931 shares in the company, valued at $244,222.23. This represents a 51.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.10% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several brokerages have issued reports on TRIP. Cantor Fitzgerald lowered their price target on shares of Tripadvisor from $14.00 to $13.00 and set an "underweight" rating on the stock in a report on Friday, February 21st. UBS Group boosted their price target on shares of Tripadvisor from $15.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. DA Davidson boosted their price target on shares of Tripadvisor from $16.00 to $16.25 and gave the company a "neutral" rating in a report on Thursday, May 29th. Mizuho raised shares of Tripadvisor to a "hold" rating in a report on Friday, April 18th. Finally, Citigroup initiated coverage on shares of Tripadvisor in a report on Wednesday, May 28th. They issued a "neutral" rating and a $16.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Tripadvisor currently has a consensus rating of "Hold" and an average target price of $17.27.
View Our Latest Analysis on TRIP
Tripadvisor Company Profile
(
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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