Federated Hermes Inc. Grows Stake in TripAdvisor, Inc. (NASDAQ:TRIP)

Key Points

• Federated Hermes Inc. significantly increased its stake in TripAdvisor, Inc. by 9,651.8% in Q1, acquiring 444,948 shares, bringing its total ownership to 449,558 shares valued at approximately $6.37 million.
• TripAdvisor reported better-than-expected earnings for the last quarter, with an EPS of $0.14, surpassing the consensus estimate of $0.05, and revenue of $398 million, exceeding projections of $386.94 million.
• Many analysts have revised their price targets for TripAdvisor, with a consensus price target of $17.56, reflecting a generally neutral outlook as analysts are divided between hold, buy, and sell ratings.

Federated Hermes Inc. grew its stake in shares of TripAdvisor, Inc. (NASDAQ:TRIP - Free Report) by 9,651.8% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 449,558 shares of the travel company's stock after acquiring an additional 444,948 shares during the quarter. Federated Hermes Inc. owned about 0.32% of TripAdvisor worth $6,370,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Tsfg LLC bought a new position in shares of TripAdvisor in the 1st quarter valued at $35,000. Aster Capital Management DIFC Ltd raised its position in TripAdvisor by 83.8% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company's stock valued at $50,000 after purchasing an additional 1,557 shares during the last quarter. Sterling Capital Management LLC boosted its stake in shares of TripAdvisor by 55.5% during the fourth quarter. Sterling Capital Management LLC now owns 6,219 shares of the travel company's stock valued at $92,000 after purchasing an additional 2,219 shares in the last quarter. Covestor Ltd increased its stake in shares of TripAdvisor by 806.6% in the fourth 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 last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TripAdvisor

In other TripAdvisor news, CEO Almir Ambeskovic sold 16,643 shares of the business's stock in a transaction on 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 directly owned 15,931 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. Corporate insiders own 3.10% of the company's stock.

TripAdvisor Stock Performance

NASDAQ TRIP traded up $0.25 on Wednesday, hitting $16.48. 1,694,457 shares of the stock traded hands, compared to its average volume of 3,198,274. 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 business's fifty day moving average is $15.54 and its two-hundred day moving average is $14.92. TripAdvisor, Inc. has a 12 month low of $10.43 and a 12 month high of $18.66. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 44.54, a PEG ratio of 2.48 and a beta of 1.30.

TripAdvisor (NASDAQ:TRIP - Get Free Report) last posted 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 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 analysts' expectations of $386.94 million. During the same period in the previous year, the business earned $0.12 earnings per share. The firm's revenue was up .8% on a year-over-year basis. As a group, equities analysts anticipate that TripAdvisor, Inc. will post 0.46 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have 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. Citigroup began coverage on TripAdvisor in a report on Wednesday, May 28th. They issued a "neutral" rating and a $16.00 target price on the stock. UBS Group boosted their price target on shares of TripAdvisor from $16.00 to $18.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. JPMorgan Chase & Co. upped their price target on shares of TripAdvisor from $11.00 to $13.00 and gave the company an "underweight" rating in a research report on Friday, May 9th. Finally, Bank of America started coverage on TripAdvisor in a research report on Monday, July 14th. They set a "neutral" rating and a $19.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $17.56.

TripAdvisor 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.