Wittenberg Investment Management Inc. Acquires 44,259 Shares of TripAdvisor, Inc. $TRIP

Wittenberg Investment Management Inc. raised its holdings in TripAdvisor, Inc. (NASDAQ:TRIP) by 35.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 170,259 shares of the travel company’s stock after acquiring an additional 44,259 shares during the quarter. TripAdvisor makes up 1.0% of Wittenberg Investment Management Inc.’s holdings, making the stock its 16th largest holding. Wittenberg Investment Management Inc. owned about 0.15% of TripAdvisor worth $2,479,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of TRIP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in TripAdvisor by 29.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,998 shares of the travel company’s stock valued at $1,162,000 after acquiring an additional 18,699 shares during the last quarter. Jones Financial Companies Lllp grew its position in TripAdvisor by 1,183.2% in the 1st quarter. Jones Financial Companies Lllp now owns 6,416 shares of the travel company’s stock valued at $85,000 after acquiring an additional 5,916 shares during the last quarter. Empowered Funds LLC grew its position in TripAdvisor by 14.2% in the 1st quarter. Empowered Funds LLC now owns 13,475 shares of the travel company’s stock valued at $191,000 after acquiring an additional 1,676 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in TripAdvisor by 8.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 297,532 shares of the travel company’s stock valued at $4,216,000 after acquiring an additional 22,136 shares during the last quarter. Finally, Creative Planning bought a new position in TripAdvisor in the 2nd quarter valued at $349,000. Institutional investors own 98.99% of the company’s stock.

TripAdvisor Stock Performance

TripAdvisor stock opened at $12.41 on Monday. The stock has a 50-day moving average of $10.92 and a two-hundred day moving average of $11.99. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.25 and a current ratio of 1.25. TripAdvisor, Inc. has a one year low of $9.01 and a one year high of $20.16. The stock has a market cap of $1.44 billion, a PE ratio of 124.11, a price-to-earnings-growth ratio of 2.44 and a beta of 0.90.

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings results on Thursday, May 7th. The travel company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.08). TripAdvisor had a net margin of 0.99% and a return on equity of 5.73%. The business had revenue of $382.40 million during the quarter, compared to analysts’ expectations of $384.69 million. During the same quarter last year, the business posted $0.14 earnings per share. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, research analysts anticipate that TripAdvisor, Inc. will post 0.69 EPS for the current fiscal year.

Insider Buying and Selling

In other TripAdvisor news, CEO Almir Ambeskovic sold 8,000 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $12.30, for a total value of $98,400.00. Following the completion of the sale, the chief executive officer directly owned 34,396 shares in the company, valued at approximately $423,070.80. This trade represents a 18.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

TRIP has been the topic of a number of recent research reports. Wedbush initiated coverage on TripAdvisor in a research report on Tuesday, June 2nd. They set an “outperform” rating and a $19.00 price target on the stock. DA Davidson dropped their price target on TripAdvisor from $11.00 to $10.50 and set a “neutral” rating on the stock in a research report on Monday, May 18th. B. Riley Financial dropped their price target on TripAdvisor from $18.00 to $13.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. UBS Group dropped their price target on TripAdvisor from $16.00 to $13.70 and set a “neutral” rating on the stock in a research report on Monday, April 27th. Finally, The Goldman Sachs Group dropped their price target on TripAdvisor from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $14.76.

TripAdvisor Company Profile

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.