SG Americas Securities LLC Sells 292,461 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

SG Americas Securities LLC reduced its holdings in Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 39.6% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 446,270 shares of the travel company's stock after selling 292,461 shares during the quarter. SG Americas Securities LLC owned 0.32% of Tripadvisor worth $6,324,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TRIP. LPL Financial LLC grew its holdings in shares of 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 purchasing an additional 997 shares in the last quarter. First Hawaiian Bank lifted its position in Tripadvisor by 2.9% during the first quarter. First Hawaiian Bank now owns 35,684 shares of the travel company's stock valued at $506,000 after purchasing an additional 1,013 shares during the last quarter. Aster Capital Management DIFC Ltd grew its stake 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 worth $50,000 after buying an additional 1,557 shares in the last quarter. Bogart Wealth LLC bought a new position in shares of Tripadvisor in the 4th quarter worth $30,000. Finally, Deutsche Bank AG increased its holdings in shares of Tripadvisor by 0.5% in the 4th quarter. Deutsche Bank AG now owns 444,809 shares of the travel company's stock worth $6,570,000 after buying an additional 2,194 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on TRIP shares. Wall Street Zen upgraded shares of Tripadvisor from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. Mizuho raised Tripadvisor to a "hold" rating in a research note on Friday, April 18th. Cantor Fitzgerald cut their price objective on Tripadvisor from $14.00 to $13.00 and set an "underweight" rating for the company in a report on Friday, February 21st. Citigroup began coverage on Tripadvisor in a report on Wednesday, May 28th. They set a "neutral" rating and a $16.00 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their target price on Tripadvisor from $11.00 to $13.00 and gave the stock an "underweight" rating in a research report on Friday, May 9th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $17.27.

Insiders Place Their Bets

In related news, CEO Almir Ambeskovic sold 16,643 shares of the business's stock in a transaction dated Friday, May 16th. The stock was 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. 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 at this link. Insiders own 3.10% of the company's stock.

Tripadvisor Trading Down 5.0%

Tripadvisor stock traded down $0.70 during trading hours on Friday, reaching $13.30. The company had a trading volume of 2,434,622 shares, compared to its average volume of 2,407,779. 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 12-month low of $10.43 and a 12-month high of $18.74. The company has a 50-day moving average price of $13.39 and a 200 day moving average price of $14.51. The firm has a market cap 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 earnings results on Wednesday, May 7th. The travel company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.05 by $0.09. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. The company had revenue of $398.00 million for the quarter, compared to the consensus estimate of $386.94 million. During the same period in the previous year, the firm earned $0.12 earnings per share. The firm's revenue for the quarter was up .8% on a year-over-year basis. Equities analysts forecast that Tripadvisor, Inc. will post 0.46 earnings per share for the current year.

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.