Envestnet Asset Management Inc. Buys 15,838 Shares of TripAdvisor, Inc. (NASDAQ:TRIP)

Envestnet Asset Management Inc. raised its holdings in TripAdvisor, Inc. (NASDAQ:TRIP - Free Report) by 114.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,634 shares of the travel company's stock after purchasing an additional 15,838 shares during the period. Envestnet Asset Management Inc.'s holdings in TripAdvisor were worth $420,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. LPL Financial LLC boosted its stake in shares of TripAdvisor by 8.7% in the fourth quarter. LPL Financial LLC now owns 12,511 shares of the travel company's stock valued at $185,000 after purchasing an additional 997 shares during the period. First Hawaiian Bank lifted its position in shares of TripAdvisor by 2.9% in the 1st quarter. First Hawaiian Bank now owns 35,684 shares of the travel company's stock worth $506,000 after buying an additional 1,013 shares during the last quarter. Aster Capital Management DIFC Ltd lifted its position in shares of 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 during the last quarter. Deutsche Bank AG lifted its position 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. Finally, Sterling Capital Management LLC lifted its position in shares of TripAdvisor by 55.5% in the 4th quarter. Sterling Capital Management LLC now owns 6,219 shares of the travel company's stock worth $92,000 after buying an additional 2,219 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TRIP shares. DA Davidson set a $16.25 price target on shares of TripAdvisor in a research report on Tuesday, July 8th. Bank of America started coverage on shares of TripAdvisor in a research report on Monday, July 14th. They issued a "neutral" rating and a $19.00 price target on the stock. Citigroup assumed coverage on shares of TripAdvisor in a research report on Wednesday, May 28th. They issued a "neutral" rating and a $16.00 price target on the stock. Wall Street Zen cut shares of TripAdvisor from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 14th. Finally, UBS Group increased their price objective on shares of TripAdvisor from $16.00 to $18.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, TripAdvisor currently has a consensus rating of "Hold" and a consensus price target of $16.73.

TripAdvisor Price Performance

Shares of NASDAQ:TRIP traded up $1.88 during trading hours on Friday, hitting $17.97. 11,278,177 shares of the company's stock traded hands, compared to its average volume of 2,991,854. TripAdvisor, Inc. has a 52 week low of $10.43 and a 52 week high of $19.26. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.90 and a current ratio of 1.90. The company's fifty day simple moving average is $15.69 and its two-hundred day simple moving average is $14.94. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 37.44, a price-to-earnings-growth ratio of 2.72 and a beta of 1.30.

TripAdvisor (NASDAQ:TRIP - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The travel company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.03. The company had revenue of $529.00 million during the quarter, compared to analyst estimates of $529.91 million. TripAdvisor had a net margin of 3.53% and a return on equity of 11.60%. The business's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 EPS. As a group, equities analysts anticipate that TripAdvisor, Inc. will post 0.46 EPS for the current fiscal year.

Insider Buying and Selling at TripAdvisor

In other news, CEO Almir Ambeskovic sold 16,643 shares of TripAdvisor 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 transaction, the chief executive officer directly owned 15,931 shares of the company's stock, valued at $244,222.23. This trade represents a 51.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.10% of the stock is currently owned by company insiders.

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.