Wallace Capital Management Inc. Acquires New Position in TripAdvisor, Inc. $TRIP

Wallace Capital Management Inc. acquired a new stake in shares of TripAdvisor, Inc. (NASDAQ:TRIP - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 108,543 shares of the travel company's stock, valued at approximately $1,488,000. Wallace Capital Management Inc. owned approximately 0.09% of TripAdvisor as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of TripAdvisor during the second quarter valued at approximately $239,065,000. Alyeska Investment Group L.P. purchased a new position in TripAdvisor in the 3rd quarter worth approximately $26,848,000. Ameriprise Financial Inc. raised its holdings in TripAdvisor by 24.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,416,019 shares of the travel company's stock worth $120,585,000 after acquiring an additional 1,445,607 shares during the last quarter. Converium Capital Inc. bought a new position in TripAdvisor in the 1st quarter valued at approximately $11,460,000. Finally, Nuveen LLC lifted its position in TripAdvisor by 40.1% in the 4th quarter. Nuveen LLC now owns 3,355,310 shares of the travel company's stock valued at $48,853,000 after acquiring an additional 961,121 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on TRIP shares. Barclays reduced their target price on TripAdvisor from $10.00 to $9.00 and set an "underweight" rating for the company in a report on Monday, May 11th. UBS Group dropped their price objective on TripAdvisor from $15.00 to $12.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 11th. JPMorgan Chase & Co. reduced their price objective on TripAdvisor from $11.00 to $10.00 and set an "underweight" rating for the company in a report on Friday, August 7th. DA Davidson lifted their price objective on TripAdvisor from $10.50 to $15.50 and gave the stock a "neutral" rating in a report on Monday, June 15th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of TripAdvisor in a research report on Wednesday, August 12th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Reduce" and an average target price of $14.12.

TripAdvisor Price Performance

Shares of NASDAQ:TRIP opened at $9.87 on Thursday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $1.16 billion, a PE ratio of 987.99, a price-to-earnings-growth ratio of 3.75 and a beta of 0.86. The firm's 50 day moving average price is $12.83 and its 200-day moving average price is $11.45. TripAdvisor, Inc. has a twelve month low of $9.01 and a twelve month high of $20.16.

TripAdvisor (NASDAQ:TRIP - Get Free Report) last announced its earnings results on Thursday, August 6th. The travel company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.03). TripAdvisor had a net margin of 0.28% and a return on equity of 4.23%. The business had revenue of $385.30 million for the quarter, compared to the consensus estimate of $506.27 million. During the same quarter last year, the firm posted $0.46 earnings per share. The business's quarterly revenue was down 7.2% compared to the same quarter last year. Equities research analysts expect that TripAdvisor, Inc. will post 0.36 EPS for the current year.

Insider Activity

In other news, CEO Almir Ambeskovic sold 8,000 shares of the business's stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $12.30, for a total transaction of $98,400.00. Following the completion of the sale, the chief executive officer owned 34,396 shares of the company's stock, valued at $423,070.80. The trade was a 18.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.00% of the stock is currently owned by insiders.

About TripAdvisor

TripAdvisor NASDAQ: TRIP is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company's flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor's offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.

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