Wealth Enhancement Advisory Services LLC Has $375,000 Position in TripAdvisor, Inc. (NASDAQ:TRIP)

Wealth Enhancement Advisory Services LLC reduced its stake in shares of TripAdvisor, Inc. (NASDAQ:TRIP - Free Report) by 42.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,463 shares of the travel company's stock after selling 19,512 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in TripAdvisor were worth $375,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Ameriprise Financial Inc. raised 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 valued at $65,172,000 after acquiring an additional 2,833,528 shares in the last quarter. AQR Capital Management LLC raised its position in 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 in the last quarter. Toronado Partners LLC bought a new position in TripAdvisor during the fourth quarter valued at approximately $10,533,000. Gotham Asset Management LLC raised its position in TripAdvisor by 170.6% during the fourth quarter. Gotham Asset Management LLC now owns 1,073,773 shares of the travel company's stock valued at $15,860,000 after acquiring an additional 676,977 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in TripAdvisor by 20.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,633,866 shares of the travel company's stock valued at $53,674,000 after acquiring an additional 615,519 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other TripAdvisor news, CEO Almir Ambeskovic sold 16,643 shares of TripAdvisor 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 sale, 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 filing with the Securities & Exchange Commission, which is available at this link. 3.10% of the stock is owned by corporate insiders.

TripAdvisor Stock Performance

Shares of TripAdvisor stock traded down $0.33 during midday trading on Monday, hitting $17.17. The company had a trading volume of 9,784,215 shares, compared to its average volume of 2,683,251. The business's 50 day simple moving average is $14.09 and its two-hundred day simple moving average is $14.52. The stock has a market cap of $2.43 billion, a PE ratio of 46.41, a P/E/G ratio of 3.03 and a beta of 1.28. 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, Inc. has a 1-year low of $10.43 and a 1-year high of $18.66.

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 (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 business had revenue of $398.00 million for the quarter, compared to the consensus estimate of $386.94 million. During the same quarter last year, the company posted $0.12 earnings per share. TripAdvisor's quarterly revenue was up .8% on a year-over-year basis. As a group, equities analysts predict that TripAdvisor, Inc. will post 0.46 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. DA Davidson raised their price objective on shares of TripAdvisor from $16.00 to $16.25 and gave the company a "neutral" rating in a research report on Thursday, May 29th. Mizuho raised shares of TripAdvisor to a "hold" rating in a research report on Friday, April 18th. JPMorgan Chase & Co. lifted 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. Wall Street Zen lowered shares of TripAdvisor from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 14th. Finally, B. Riley dropped their price target 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. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $17.27.

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.