Envestnet Asset Management Inc. increased its stake in TripAdvisor, Inc. (NASDAQ:TRIP - Free Report) by 114.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,634 shares of the travel company's stock after acquiring an additional 15,838 shares during the quarter. Envestnet Asset Management Inc.'s holdings in TripAdvisor were worth $420,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of TRIP. Lightrock Netherlands B.V. raised its stake in shares of TripAdvisor by 54.4% during the 1st quarter. Lightrock Netherlands B.V. now owns 791,287 shares of the travel company's stock worth $11,231,000 after purchasing an additional 278,821 shares during the period. Principal Financial Group Inc. raised its position in TripAdvisor by 2.5% in the first quarter. Principal Financial Group Inc. now owns 547,435 shares of the travel company's stock worth $7,757,000 after acquiring an additional 13,131 shares during the period. Teacher Retirement System of Texas purchased a new position in TripAdvisor in the first quarter valued at about $235,000. Tsfg LLC bought a new position in shares of TripAdvisor during the 1st quarter valued at approximately $35,000. Finally, Boyar Asset Management Inc. bought a new position in shares of TripAdvisor during the 1st quarter valued at approximately $865,000. Institutional investors and hedge funds own 98.99% of the company's stock.
Insider Buying and Selling
In related news, CEO Almir Ambeskovic sold 16,643 shares of the firm'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 sale, the chief executive officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.10% of the stock is owned by company insiders.
TripAdvisor Trading Down 2.4%
Shares of NASDAQ:TRIP traded down $0.39 during trading hours on Thursday, hitting $16.09. 4,075,795 shares of the company's stock traded hands, compared to its average volume of 3,072,536. The firm has a market capitalization of $2.28 billion, a P/E ratio of 43.49, a price-to-earnings-growth ratio of 2.49 and a beta of 1.30. The business has a fifty day moving average price of $15.61 and a 200-day moving average price of $14.93. TripAdvisor, Inc. has a 1 year low of $10.43 and a 1 year high of $18.66. 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 (NASDAQ:TRIP - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The travel company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.09. The company had revenue of $398.00 million during the quarter, compared to analyst estimates of $386.94 million. TripAdvisor had a net margin of 2.94% and a return on equity of 10.68%. The firm's revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the business posted $0.12 EPS. Equities analysts expect that TripAdvisor, Inc. will post 0.46 earnings per share for the current year.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on TRIP. DA Davidson set a $16.25 price objective on TripAdvisor in a report on Tuesday, July 8th. UBS Group lifted their target price on shares of TripAdvisor from $16.00 to $18.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Wall Street Zen cut shares of TripAdvisor from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 14th. Citigroup initiated coverage on shares of TripAdvisor in a research note on Wednesday, May 28th. They issued a "neutral" rating and a $16.00 price objective for the company. Finally, JPMorgan Chase & Co. increased 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, ten have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $17.56.
Get Our Latest Analysis on TRIP
TripAdvisor 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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