SG Americas Securities LLC Sells 373,067 Shares of TripAdvisor, Inc. $TRIP

SG Americas Securities LLC trimmed its stake in TripAdvisor, Inc. (NASDAQ:TRIP) by 33.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 734,928 shares of the travel company’s stock after selling 373,067 shares during the quarter. SG Americas Securities LLC’s holdings in TripAdvisor were worth $7,834,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of TRIP. Alyeska Investment Group L.P. bought a new stake in shares of TripAdvisor in the 3rd quarter worth approximately $26,848,000. Ameriprise Financial Inc. raised its stake in shares of TripAdvisor by 24.2% in the third quarter. Ameriprise Financial Inc. now owns 7,416,019 shares of the travel company’s stock valued at $120,585,000 after buying an additional 1,445,607 shares during the period. Holocene Advisors LP lifted its position in shares of TripAdvisor by 78.5% during the 3rd quarter. Holocene Advisors LP now owns 2,210,903 shares of the travel company’s stock valued at $35,949,000 after buying an additional 972,369 shares during the last quarter. Nuveen LLC lifted its position in shares of TripAdvisor by 40.1% during the 4th quarter. Nuveen LLC now owns 3,355,310 shares of the travel company’s stock valued at $48,853,000 after buying an additional 961,121 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of TripAdvisor by 6.1% during the 4th quarter. Vanguard Group Inc. now owns 12,567,936 shares of the travel company’s stock worth $182,989,000 after acquiring an additional 721,957 shares during the period. 98.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Barclays decreased their price objective on TripAdvisor from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Monday, May 11th. BTIG Research reiterated a “buy” rating on shares of TripAdvisor in a research report on Monday, June 15th. UBS Group reduced their target price on shares of TripAdvisor from $16.00 to $13.70 and set a “neutral” rating for the company in a research note on Monday, April 27th. Weiss Ratings reissued a “sell (d)” rating on shares of TripAdvisor in a research report on Friday, May 15th. Finally, Wedbush upped their price target on shares of TripAdvisor from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Tuesday, June 16th. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, TripAdvisor has a consensus rating of “Hold” and an average target price of $15.19.

Insider Buying and Selling at TripAdvisor

In other news, CEO Almir Ambeskovic sold 8,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $12.30, for a total transaction of $98,400.00. Following the sale, the chief executive officer directly owned 34,396 shares in the company, valued at $423,070.80. This represents a 18.87% decrease in their ownership of the stock. The sale was disclosed in a 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 corporate insiders.

TripAdvisor Price Performance

Shares of NASDAQ TRIP opened at $13.76 on Friday. 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 fifty-two week low of $9.01 and a fifty-two week high of $20.16. The stock has a market cap of $1.60 billion, a PE ratio of 137.61, a price-to-earnings-growth ratio of 2.70 and a beta of 0.90. The stock has a fifty day moving average of $11.27 and a 200-day moving average of $11.85.

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

TripAdvisor 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.