Connor Clark & Lunn Investment Management Ltd. Has $1.83 Million Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Connor Clark & Lunn Investment Management Ltd. lowered its holdings in Tripadvisor, Inc. (NASDAQ:TRIPGet Rating) by 30.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 67,107 shares of the travel company’s stock after selling 29,914 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Tripadvisor were worth $1,829,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geneos Wealth Management Inc. acquired a new stake in Tripadvisor in the 3rd quarter valued at $55,000. Future Financial Wealth Managment LLC bought a new position in Tripadvisor during the 4th quarter valued at $85,000. Maverick Capital Ltd. bought a new position in Tripadvisor during the 3rd quarter valued at $159,000. ARK Investment Management LLC bought a new position in Tripadvisor during the 4th quarter valued at $195,000. Finally, Magnetar Financial LLC bought a new position in Tripadvisor during the 3rd quarter valued at $204,000. 82.89% of the stock is owned by institutional investors and hedge funds.

Shares of Tripadvisor stock opened at $24.77 on Friday. Tripadvisor, Inc. has a 52-week low of $20.25 and a 52-week high of $44.99. The stock’s 50-day simple moving average is $25.38 and its 200 day simple moving average is $27.04. The stock has a market capitalization of $3.43 billion, a P/E ratio of -33.93 and a beta of 1.35. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.23 and a current ratio of 2.23.

Tripadvisor (NASDAQ:TRIPGet Rating) last announced its quarterly earnings data on Wednesday, May 4th. The travel company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). Tripadvisor had a negative net margin of 9.80% and a negative return on equity of 12.01%. The firm had revenue of $262.00 million during the quarter, compared to the consensus estimate of $249.70 million. During the same quarter in the prior year, the firm posted ($0.56) earnings per share. The company’s revenue was up 113.0% on a year-over-year basis. Equities research analysts forecast that Tripadvisor, Inc. will post 0.28 EPS for the current fiscal year.

TRIP has been the topic of several recent analyst reports. Mizuho dropped their price objective on Tripadvisor from $36.00 to $30.00 in a research note on Friday, February 18th. StockNews.com initiated coverage on Tripadvisor in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Citigroup dropped their price objective on Tripadvisor from $30.00 to $26.00 and set a “neutral” rating on the stock in a research note on Monday, May 9th. Zacks Investment Research upgraded Tripadvisor from a “sell” rating to a “hold” rating and set a $26.00 price objective on the stock in a research note on Wednesday, April 27th. Finally, Credit Suisse Group lowered their target price on Tripadvisor from $36.00 to $30.00 and set a “neutral” rating on the stock in a research note on Friday, February 18th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.00.

In other news, Director Gregory B. Maffei acquired 50,000 shares of the stock in a transaction that occurred on Friday, March 4th. The shares were acquired at an average cost of $22.38 per share, for a total transaction of $1,119,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.50% of the company’s stock.

Tripadvisor Profile (Get Rating)

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotels, Media & Platform; and Experiences & Dining. The company operates TripAdvisor-branded websites, including tripadvisor.com in the United States; and localized versions of the website in 40 markets and 20 languages.

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Institutional Ownership by Quarter for Tripadvisor (NASDAQ:TRIP)

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