TripAdvisor, Inc. $TRIP Holdings Increased by U S Global Investors Inc.

Key Points

• U.S. Global Investors increased its TripAdvisor stake by 32% in the third quarter, purchasing 446,255 additional shares to own 1.84 million shares valued at approximately $15.4 million. Institutional investors and hedge funds collectively own 98.99% of the company.
• Analyst sentiment remains cautious: TripAdvisor has an average “Reduce” rating and a consensus price target of $14.04, with several firms recently lowering their targets or downgrading the stock.
• TripAdvisor’s latest quarterly results fell short of expectations, with adjusted earnings of $0.35 per share versus $0.38 expected and revenue of $385.3 million versus $506.27 million forecast; revenue declined 7.2% year over year.

U S Global Investors Inc. boosted its position in TripAdvisor, Inc. (NASDAQ:TRIP - Free Report) by 32.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,840,229 shares of the travel company's stock after purchasing an additional 446,255 shares during the quarter. TripAdvisor comprises approximately 1.5% of U S Global Investors Inc.'s investment portfolio, making the stock its 18th largest position. U S Global Investors Inc. owned about 1.57% of TripAdvisor worth $15,403,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Counterpoint Mutual Funds LLC purchased a new position in TripAdvisor in the 3rd quarter valued at $415,000. State Street Corp grew its holdings in shares of TripAdvisor by 1.6% during the second quarter. State Street Corp now owns 4,966,046 shares of the travel company's stock worth $68,084,000 after buying an additional 77,501 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in shares of TripAdvisor during the second quarter worth $156,000. Integrated Wealth Concepts LLC purchased a new stake in shares of TripAdvisor during the second quarter worth $46,000. Finally, Nykredit A S acquired a new stake in shares of TripAdvisor in the second quarter valued at about $32,000. 98.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Almir Ambeskovic sold 8,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $9.45, for a total value of $75,600.00. Following the completion of the transaction, the chief executive officer owned 30,456 shares of the company's stock, valued at approximately $287,809.20. This trade represents a 20.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.00% of the company's stock.

Analyst Upgrades and Downgrades

TRIP has been the topic of several research reports. BTIG Research downgraded shares of TripAdvisor from a "buy" rating to a "neutral" rating in a research note on Tuesday, July 21st. The Goldman Sachs Group restated a "buy" rating and set a $16.00 price target on shares of TripAdvisor in a research report on Monday, July 20th. UBS Group dropped their price objective on shares of TripAdvisor from $15.00 to $12.00 and set a "neutral" rating for the company in a research note on Tuesday, August 11th. Cantor Fitzgerald lowered their price target on TripAdvisor from $9.00 to $8.00 and set an "underweight" rating for the company in a report on Monday. Finally, B. Riley Financial lowered their price objective on shares of TripAdvisor from $13.00 to $12.50 and set a "neutral" rating for the company in a research report on Monday, August 10th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, TripAdvisor currently has an average rating of "Reduce" and an average target price of $14.04.

TripAdvisor Price Performance

TRIP opened at $9.67 on Friday. The stock's 50-day moving average price is $9.19 and its 200 day moving average price is $11.07. TripAdvisor, Inc. has a 12-month low of $8.02 and a 12-month high of $17.53. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.28. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 967.97, a PEG ratio of 3.80 and a beta of 0.86.

TripAdvisor (NASDAQ:TRIP - Get Free Report) last announced its earnings results on Thursday, August 6th. The travel company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.38 by ($0.03). The firm had revenue of $385.30 million for the quarter, compared to analysts' expectations of $506.27 million. TripAdvisor had a net margin of 0.28% and a return on equity of 4.23%. The business's revenue was down 7.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.46 earnings per share. As a group, sell-side analysts expect that TripAdvisor, Inc. will post 0.34 earnings per share for the current year.

About TripAdvisor

Tripadvisor, Inc NASDAQ: TRIP operates a global travel guidance and experiences platform. Its flagship Tripadvisor brand provides user-generated reviews, ratings, photos and travel information covering hotels, restaurants, attractions and destinations, helping travelers research and plan trips.

The company also operates Viator, an online marketplace for tours, activities and other travel experiences, and TheFork, a digital restaurant reservation platform serving diners and restaurants.

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