Hsbc Holdings PLC Takes $3.88 Million Position in TripAdvisor, Inc. $TRIP

Hsbc Holdings PLC acquired a new position in shares of TripAdvisor, Inc. (NASDAQ:TRIP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 280,028 shares of the travel company’s stock, valued at approximately $3,883,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. lifted its position in TripAdvisor by 295.2% in the 4th quarter. UMB Bank n.a. now owns 2,300 shares of the travel company’s stock valued at $33,000 after acquiring an additional 1,718 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of TripAdvisor in the 4th quarter valued at about $33,000. Rockefeller Capital Management L.P. raised its stake in shares of TripAdvisor by 192.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,767 shares of the travel company’s stock valued at $40,000 after purchasing an additional 1,821 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of TripAdvisor by 308.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,077 shares of the travel company’s stock valued at $53,000 after purchasing an additional 3,078 shares in the last quarter. Finally, CIBC Private Wealth Group LLC bought a new stake in shares of TripAdvisor in the third quarter valued at about $58,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TripAdvisor

In related news, CEO Almir Ambeskovic sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $12.30, for a total transaction of $98,400.00. Following the transaction, the chief executive officer directly owned 34,396 shares of the company’s stock, valued at approximately $423,070.80. The trade was a 18.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. DA Davidson increased 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. Barclays reduced their price target on TripAdvisor from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Monday, May 11th. BTIG Research cut shares of TripAdvisor from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 21st. The Goldman Sachs Group reiterated a “buy” rating and issued a $16.00 price objective on shares of TripAdvisor in a report on Monday, July 20th. Finally, Cantor Fitzgerald reduced their target price on shares of TripAdvisor from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $14.12.

TripAdvisor Price Performance

Shares of TRIP opened at $9.87 on Friday. The company’s fifty day simple moving average is $12.70 and its 200 day simple moving average is $11.42. TripAdvisor, Inc. has a 1-year low of $9.01 and a 1-year high of $20.16. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 987.99, a PEG ratio of 3.67 and a beta of 0.86. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.28.

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings data on Thursday, August 6th. The travel company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.03). TripAdvisor had a return on equity of 4.23% and a net margin of 0.28%.The firm had revenue of $385.30 million for the quarter, compared to analyst estimates of $506.27 million. During the same quarter in the prior year, the firm earned $0.46 earnings per share. The firm’s revenue for the quarter was down 7.2% on a year-over-year basis. On average, research analysts forecast that TripAdvisor, Inc. will post 0.36 earnings per share for the current fiscal year.

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.