UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Holdings in Tripadvisor, Inc. (NASDAQ:TRIP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 56.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 275,396 shares of the travel company's stock after selling 353,618 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.20% of Tripadvisor worth $4,068,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. LPL Financial LLC raised its stake in Tripadvisor by 8.7% in the fourth quarter. LPL Financial LLC now owns 12,511 shares of the travel company's stock worth $185,000 after buying an additional 997 shares in the last quarter. Blue Trust Inc. raised its position in shares of Tripadvisor by 204.4% in the 4th quarter. Blue Trust Inc. now owns 2,298 shares of the travel company's stock worth $33,000 after acquiring an additional 1,543 shares in the last quarter. Aster Capital Management DIFC Ltd raised its position in shares of Tripadvisor by 83.8% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company's stock worth $50,000 after acquiring an additional 1,557 shares in the last quarter. Bogart Wealth LLC purchased a new stake in shares of Tripadvisor during the 4th quarter worth $30,000. Finally, Deutsche Bank AG boosted its position in Tripadvisor by 0.5% during the fourth quarter. Deutsche Bank AG now owns 444,809 shares of the travel company's stock valued at $6,570,000 after purchasing an additional 2,194 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors.

Tripadvisor Stock Performance

Shares of NASDAQ TRIP traded down $0.02 during midday trading on Friday, reaching $14.12. The company had a trading volume of 1,758,018 shares, compared to its average volume of 2,403,396. Tripadvisor, Inc. has a 1 year low of $10.43 and a 1 year high of $18.80. The business's 50-day simple moving average is $13.26 and its 200 day simple moving average is $14.51. The company has a current ratio of 2.10, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. The stock has a market cap of $2.00 billion, a P/E ratio of 706.35, a P/E/G ratio of 9.01 and a beta of 1.32.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last released its earnings results on Wednesday, May 7th. The travel company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.09. Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. The firm had revenue of $398.00 million for the quarter, compared to the consensus estimate of $386.94 million. During the same period in the prior year, the firm earned $0.12 EPS. The firm's revenue was up .8% on a year-over-year basis. On average, analysts forecast that Tripadvisor, Inc. will post 0.46 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Almir Ambeskovic sold 16,643 shares of the company's stock in a transaction that occurred 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 now owns 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.10% of the company's stock.

Analysts Set New Price Targets

TRIP has been the subject of a number of recent research reports. Cantor Fitzgerald reduced their target price on shares of Tripadvisor from $14.00 to $13.00 and set an "underweight" rating for the company in a report on Friday, February 21st. Citigroup initiated coverage on shares of Tripadvisor in a research report on Wednesday, May 28th. They issued a "neutral" rating and a $16.00 price objective on the stock. JPMorgan Chase & Co. increased their target price 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. UBS Group raised their target price on shares of Tripadvisor from $15.00 to $16.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Finally, DA Davidson lifted their price target on shares of Tripadvisor from $16.00 to $16.25 and gave the stock a "neutral" rating in a report on Thursday, May 29th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Tripadvisor has an average rating of "Hold" and an average 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.