TripAdvisor, Inc. (NASDAQ:TRIP) Shares Acquired by Victory Capital Management Inc.

Key Points

• Victory Capital Management Inc. has increased its holdings in TripAdvisor by 17.5%, acquiring an additional 21,637 shares during the first quarter, bringing their total ownership to 145,003 shares.
• TripAdvisor's CEO, Almir Ambeskovic, sold 16,643 shares on May 16th, reducing his ownership by over 51% to 15,931 shares post-sale.
• The company's latest earnings report showed an EPS of $0.14, exceeding analysts' estimates, with revenue rising 0.8% year-over-year to $398 million.

Victory Capital Management Inc. boosted its holdings in TripAdvisor, Inc. (NASDAQ:TRIP - Free Report) by 17.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 145,003 shares of the travel company's stock after acquiring an additional 21,637 shares during the period. Victory Capital Management Inc. owned 0.10% of TripAdvisor worth $2,055,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TRIP. Tsfg LLC purchased a new stake in TripAdvisor in the first quarter valued at $35,000. Aster Capital Management DIFC Ltd grew its holdings in shares of 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 purchasing an additional 1,557 shares during the period. Sterling Capital Management LLC increased its position in shares of TripAdvisor by 55.5% during the 4th quarter. Sterling Capital Management LLC now owns 6,219 shares of the travel company's stock worth $92,000 after purchasing an additional 2,219 shares during the last quarter. Covestor Ltd raised its holdings in TripAdvisor by 806.6% in the 4th quarter. Covestor Ltd now owns 6,564 shares of the travel company's stock valued at $97,000 after buying an additional 5,840 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. raised its holdings in TripAdvisor by 150,850.0% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,057 shares of the travel company's stock valued at $134,000 after buying an additional 9,051 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TRIP shares. Citigroup assumed coverage on shares of TripAdvisor in a research report on Wednesday, May 28th. They set a "neutral" rating and a $16.00 price target for the company. Bank of America initiated coverage on shares of TripAdvisor in a research report on Monday, July 14th. They set a "neutral" rating and a $19.00 price objective for the company. UBS Group lifted their target price on shares of TripAdvisor from $16.00 to $18.00 and gave the company a "neutral" rating in a report on Monday. Wall Street Zen cut TripAdvisor from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 14th. Finally, JPMorgan Chase & Co. raised their price target on TripAdvisor from $11.00 to $13.00 and gave the stock an "underweight" rating in a research report on Friday, May 9th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $17.56.

Insider Buying and Selling

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

TripAdvisor Trading Up 1.7%

TRIP opened at $18.13 on Tuesday. The business has a fifty day moving average price of $15.19 and a 200 day moving average price of $14.84. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.90 and a quick ratio of 1.90. TripAdvisor, Inc. has a 12 month low of $10.43 and a 12 month high of $18.66. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 49.00, a PEG ratio of 2.69 and a beta of 1.28.

TripAdvisor (NASDAQ:TRIP - Get Free Report) last announced 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 10.68% and a net margin of 2.94%. The business had revenue of $398.00 million during the quarter, compared to the consensus estimate of $386.94 million. During the same period in the previous year, the company posted $0.12 earnings per share. The business's revenue for the quarter was up .8% on a year-over-year basis. Sell-side analysts expect that TripAdvisor, Inc. will post 0.46 earnings per share for the current fiscal year.

About TripAdvisor

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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