TripAdvisor, Inc. (NASDAQ:TRIP) Stock Holdings Lifted by Wittenberg Investment Management Inc.

Key Points

• Wittenberg Investment Management Inc. increased its stake in TripAdvisor by 80.0% during the first quarter, now owning approximately 126,000 shares valued at $1.785 million.
• TripAdvisor reported a quarterly EPS of $0.14, exceeding estimates, with a revenue of $398 million for the quarter, reflecting a 0.8% increase year-over-year.
• As of now, 98.99% of TripAdvisor's stock is owned by institutional investors and hedge funds, showcasing strong institutional interest in the company.

Wittenberg Investment Management Inc. raised its holdings in TripAdvisor, Inc. (NASDAQ:TRIP - Free Report) by 80.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 126,000 shares of the travel company's stock after purchasing an additional 56,000 shares during the quarter. TripAdvisor accounts for approximately 0.8% of Wittenberg Investment Management Inc.'s investment portfolio, making the stock its 21st biggest position. Wittenberg Investment Management Inc. owned about 0.09% of TripAdvisor worth $1,785,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of TripAdvisor by 904.8% in the 1st quarter. GAMMA Investing LLC now owns 36,927 shares of the travel company's stock worth $523,000 after acquiring an additional 33,252 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in TripAdvisor during the 1st quarter worth approximately $235,000. Point72 Asset Management L.P. boosted its stake in shares of TripAdvisor by 483.9% in the 4th quarter. Point72 Asset Management L.P. now owns 723,904 shares of the travel company's stock worth $10,692,000 after buying an additional 599,933 shares during the last quarter. Lightrock Netherlands B.V. boosted its stake in shares of TripAdvisor by 54.4% in the 1st quarter. Lightrock Netherlands B.V. now owns 791,287 shares of the travel company's stock worth $11,231,000 after buying an additional 278,821 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of TripAdvisor by 6.3% in the 4th quarter. Northern Trust Corp now owns 656,986 shares of the travel company's stock worth $9,704,000 after buying an additional 38,858 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. DA Davidson set a $16.25 target price on TripAdvisor in a research report on Tuesday, July 8th. B. Riley raised their price objective on TripAdvisor from $17.00 to $21.00 and gave the company a "neutral" rating in a research note on Monday. Bank of America began coverage on TripAdvisor in a research note on Monday, July 14th. They set a "neutral" rating and a $19.00 price objective on the stock. Mizuho raised TripAdvisor to a "hold" rating in a research note on Friday, April 18th. Finally, Citigroup started coverage on shares of TripAdvisor in a report on Wednesday, May 28th. They issued a "neutral" rating and a $16.00 price objective for the company. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $17.03.

TripAdvisor Price Performance

Shares of TRIP stock traded down $0.07 on Monday, reaching $17.90. 1,358,379 shares of the company were exchanged, compared to its average volume of 3,244,978. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 37.43, a P/E/G ratio of 2.72 and a beta of 1.30. TripAdvisor, Inc. has a 1 year low of $10.43 and a 1 year high of $19.26. The business has a 50-day moving average price of $15.69 and a 200 day moving average price of $14.91. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.24 and a current ratio of 1.24.

TripAdvisor (NASDAQ:TRIP - Get Free Report) last announced its earnings results on Thursday, August 7th. The travel company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.03. TripAdvisor had a net margin of 3.53% and a return on equity of 12.40%. The firm had revenue of $529.00 million for the quarter, compared to the consensus estimate of $529.91 million. During the same period in the prior year, the firm earned $0.39 EPS. The firm's revenue for the quarter was up 6.4% on a year-over-year basis. Equities research analysts forecast that TripAdvisor, Inc. will post 0.46 earnings per share for the current fiscal year.

Insider Transactions at TripAdvisor

In other news, CEO Almir Ambeskovic sold 16,643 shares of the company's stock in a transaction on Friday, May 16th. The stock was 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 in the company, valued at $244,222.23. This represents a 51.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.10% of the company's stock.

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.