TripAdvisor, Inc. (NASDAQ:TRIP) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. trimmed its holdings in shares of TripAdvisor, Inc. (NASDAQ:TRIP - Free Report) by 68.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,345 shares of the travel company's stock after selling 145,552 shares during the period. Bessemer Group Inc.'s holdings in TripAdvisor were worth $968,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Ameriprise Financial Inc. increased its position in TripAdvisor by 179.5% during the fourth quarter. Ameriprise Financial Inc. now owns 4,412,426 shares of the travel company's stock worth $65,172,000 after buying an additional 2,833,528 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of TripAdvisor by 40.1% during the fourth quarter. AQR Capital Management LLC now owns 3,364,542 shares of the travel company's stock valued at $49,694,000 after acquiring an additional 962,262 shares during the last quarter. Toronado Partners LLC purchased a new stake in TripAdvisor during the 4th quarter worth about $10,533,000. Gotham Asset Management LLC increased its position in TripAdvisor by 170.6% during the 4th quarter. Gotham Asset Management LLC now owns 1,073,773 shares of the travel company's stock worth $15,860,000 after purchasing an additional 676,977 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in TripAdvisor by 20.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,633,866 shares of the travel company's stock valued at $53,674,000 after purchasing an additional 615,519 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

TripAdvisor Trading Up 6.3%

TRIP traded up $0.82 on Tuesday, reaching $13.87. 4,306,240 shares of the company's stock were exchanged, compared to its average volume of 3,045,543. TripAdvisor, Inc. has a twelve month low of $10.43 and a twelve month high of $18.66. The company's 50 day moving average is $13.73 and its 200-day moving average is $14.43. 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 has a market cap of $1.97 billion, a price-to-earnings ratio of 37.49, a PEG ratio of 2.26 and a beta of 1.32.

TripAdvisor (NASDAQ:TRIP - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The travel company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.09. TripAdvisor had a net margin of 2.94% and a return on equity of 10.68%. The company 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 firm earned $0.12 earnings per share. TripAdvisor's revenue for the quarter was up .8% on a year-over-year basis. Equities analysts predict that TripAdvisor, Inc. will post 0.46 earnings per share for the current year.

Insider Transactions at TripAdvisor

In other TripAdvisor 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 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 document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.10% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TRIP shares. DA Davidson raised their price target on shares of TripAdvisor from $16.00 to $16.25 and gave the stock a "neutral" rating in a research note on Thursday, May 29th. B. Riley decreased their target price on shares of TripAdvisor from $20.00 to $18.00 and set a "neutral" rating on the stock in a research report on Monday, March 10th. 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 assumed coverage on TripAdvisor in a research note on Wednesday, May 28th. They set a "neutral" rating and a $16.00 price target on the stock. Finally, Mizuho upgraded TripAdvisor to a "hold" rating in a report on Friday, April 18th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, TripAdvisor presently has a consensus rating of "Hold" and a consensus target price of $17.27.

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.