Vontobel Holding Ltd. Trims Stake in TripAdvisor, Inc. (NASDAQ:TRIP)

Vontobel Holding Ltd. lessened its position in shares of TripAdvisor, Inc. (NASDAQ:TRIP - Free Report) by 25.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,210 shares of the travel company's stock after selling 25,680 shares during the quarter. Vontobel Holding Ltd. owned about 0.05% of TripAdvisor worth $1,052,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Tsfg LLC bought a new position in shares of TripAdvisor during the 1st quarter valued at approximately $35,000. Aster Capital Management DIFC Ltd lifted its holdings 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 buying an additional 1,557 shares during the period. Wealthfront Advisers LLC purchased a new stake in shares of TripAdvisor in the 4th quarter worth $87,000. Sterling Capital Management LLC lifted its holdings in shares of TripAdvisor by 55.5% in the 4th quarter. Sterling Capital Management LLC now owns 6,219 shares of the travel company's stock worth $92,000 after buying an additional 2,219 shares during the period. Finally, Covestor Ltd lifted its holdings in shares of TripAdvisor by 806.6% in the 4th quarter. Covestor Ltd now owns 6,564 shares of the travel company's stock worth $97,000 after buying an additional 5,840 shares during the period. Hedge funds and other institutional investors own 98.99% of the company's stock.

Insider Buying and Selling

In other TripAdvisor news, CEO Almir Ambeskovic sold 16,643 shares of TripAdvisor stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $15.33, for a total transaction of $255,137.19. Following the completion of the sale, the chief executive officer directly owned 15,931 shares of the company's stock, valued at $244,222.23. The trade was a 51.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.10% of the stock is owned by insiders.

TripAdvisor Price Performance

Shares of NASDAQ TRIP traded up $0.25 during midday trading on Tuesday, hitting $17.42. The stock had a trading volume of 1,709,763 shares, compared to its average volume of 2,679,636. TripAdvisor, Inc. has a 1 year low of $10.43 and a 1 year high of $18.66. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.88. The company has a market capitalization of $2.47 billion, a PE ratio of 47.08, a P/E/G ratio of 3.03 and a beta of 1.28. The stock has a 50 day simple moving average of $14.09 and a 200-day simple moving average of $14.52.

TripAdvisor (NASDAQ:TRIP - Get Free Report) last posted its earnings results 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 return on equity of 10.68% and a net margin of 2.94%. The company had revenue of $398.00 million during the quarter, compared to analysts' expectations of $386.94 million. During the same quarter last year, the firm earned $0.12 earnings per share. The firm's quarterly revenue was up .8% compared to the same quarter last year. On average, sell-side analysts expect that TripAdvisor, Inc. will post 0.46 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on TRIP. Mizuho upgraded TripAdvisor to a "hold" rating in a report on Friday, April 18th. DA Davidson upped their target price on TripAdvisor from $16.00 to $16.25 and gave the stock a "neutral" rating in a report on Thursday, May 29th. JPMorgan Chase & Co. upped their target price on TripAdvisor from $11.00 to $13.00 and gave the stock an "underweight" rating in a report on Friday, May 9th. Wall Street Zen lowered TripAdvisor from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 14th. Finally, Citigroup initiated coverage on TripAdvisor in a research report on Wednesday, May 28th. They issued a "neutral" rating and a $16.00 price target for the company. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently 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.