Wealth Enhancement Advisory Services LLC lifted its position in Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 221.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,975 shares of the travel company's stock after acquiring an additional 31,656 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Tripadvisor were worth $679,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. ExodusPoint Capital Management LP acquired a new stake in Tripadvisor during the 4th quarter worth about $5,170,000. Ieq Capital LLC boosted its holdings in shares of Tripadvisor by 391.1% during the fourth quarter. Ieq Capital LLC now owns 63,680 shares of the travel company's stock worth $941,000 after purchasing an additional 50,713 shares during the period. Janney Montgomery Scott LLC purchased a new position in Tripadvisor during the fourth quarter valued at approximately $308,000. U S Global Investors Inc. grew its position in Tripadvisor by 2.0% during the fourth quarter. U S Global Investors Inc. now owns 1,543,056 shares of the travel company's stock valued at $22,791,000 after purchasing an additional 30,508 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Tripadvisor by 6.3% in the 4th quarter. Northern Trust Corp now owns 656,986 shares of the travel company's stock valued at $9,704,000 after buying an additional 38,858 shares during the period. Institutional investors and hedge funds own 98.99% of the company's stock.
Insider Buying and Selling at Tripadvisor
In other Tripadvisor news, CEO Almir Ambeskovic sold 16,643 shares of the firm'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 completion of the sale, the chief executive officer now owns 15,931 shares in the company, valued at approximately $244,222.23. This trade represents a 51.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.10% of the company's stock.
Tripadvisor Stock Performance
TRIP traded down $0.12 on Thursday, hitting $14.00. The company had a trading volume of 1,902,369 shares, compared to its average volume of 2,407,673. Tripadvisor, Inc. has a 1-year low of $10.43 and a 1-year high of $18.74. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 700.35, a price-to-earnings-growth ratio of 9.01 and a beta of 1.32. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.10 and a quick ratio of 1.85. The company's fifty day moving average price is $13.39 and its 200 day moving average price is $14.51.
Tripadvisor (NASDAQ:TRIP - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The travel company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.09. The business had revenue of $398.00 million during the quarter, compared to analysts' expectations of $386.94 million. Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. The firm's revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 EPS. Equities analysts predict that Tripadvisor, Inc. will post 0.46 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of Tripadvisor from $11.00 to $13.00 and gave the company an "underweight" rating in a research note on Friday, May 9th. B. Riley reduced their price objective on Tripadvisor from $20.00 to $18.00 and set a "neutral" rating for the company in a research report on Monday, March 10th. Mizuho upgraded Tripadvisor to a "hold" rating in a research note on Friday, April 18th. UBS Group upped their target price on Tripadvisor from $15.00 to $16.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Finally, Wall Street Zen raised Tripadvisor from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $17.27.
Get Our Latest Stock Report on TRIP
About Tripadvisor
(
Free Report)
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.
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