Cerity Partners LLC Trims Stock Position in TripAdvisor, Inc. (NASDAQ:TRIP)

Cerity Partners LLC decreased its position in TripAdvisor, Inc. (NASDAQ:TRIP - Free Report) by 54.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,869 shares of the travel company's stock after selling 16,607 shares during the period. Cerity Partners LLC's holdings in TripAdvisor were worth $197,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of TRIP. Envestnet Asset Management Inc. lifted its holdings in TripAdvisor by 114.8% during the first quarter. Envestnet Asset Management Inc. now owns 29,634 shares of the travel company's stock worth $420,000 after buying an additional 15,838 shares during the period. Lightrock Netherlands B.V. increased its holdings 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 valued at $11,231,000 after acquiring an additional 278,821 shares during the period. Principal Financial Group Inc. increased its holdings in shares of TripAdvisor by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 547,435 shares of the travel company's stock valued at $7,757,000 after acquiring an additional 13,131 shares during the period. Teacher Retirement System of Texas purchased a new position in shares of TripAdvisor in the 1st quarter valued at $235,000. Finally, Tsfg LLC purchased a new position in shares of TripAdvisor in the 1st quarter valued at $35,000. Hedge funds and other institutional investors own 98.99% of the company's stock.

Insider Activity 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 value of $255,137.19. Following the completion of the transaction, the chief executive officer owned 15,931 shares in the company, valued at $244,222.23. The trade was 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 the SEC website. 3.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Wall Street Zen downgraded TripAdvisor from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 14th. Citigroup began coverage on TripAdvisor in a report on Wednesday, May 28th. They issued a "neutral" rating and a $16.00 price target on the stock. Bank of America began coverage on TripAdvisor in a report on Monday, July 14th. They set a "neutral" rating and a $19.00 price objective for the company. Mizuho upgraded TripAdvisor to a "hold" rating in a report on Friday, April 18th. Finally, DA Davidson set a $16.25 price objective on TripAdvisor in a report on Tuesday, July 8th. 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. According to MarketBeat.com, TripAdvisor presently has a consensus rating of "Hold" and a consensus target price of $17.56.

TripAdvisor Trading Down 4.6%

Shares of NASDAQ TRIP traded down $0.80 during midday trading on Friday, reaching $16.69. 768,399 shares of the stock were exchanged, compared to its average volume of 3,202,185. TripAdvisor, Inc. has a twelve month low of $10.43 and a twelve month high of $18.66. 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 50 day simple moving average of $15.40 and a 200 day simple moving average of $14.90. The stock has a market capitalization of $2.37 billion, a P/E ratio of 45.11, a PEG ratio of 2.66 and a beta of 1.28.

TripAdvisor (NASDAQ:TRIP - Get Free Report) last posted its earnings results on Wednesday, May 7th. The travel company reported $0.14 earnings per share for the quarter, beating 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 firm had revenue of $398.00 million during the quarter, compared to the consensus estimate of $386.94 million. During the same quarter last year, the firm earned $0.12 EPS. The firm's revenue for the quarter was up .8% on a year-over-year basis. As a group, equities analysts expect that TripAdvisor, Inc. will post 0.46 earnings per share for the current year.

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.