TripAdvisor, Inc. $TRIP Shares Acquired by Cygnus Capital Advisors LLC

Cygnus Capital Advisors LLC increased its stake in shares of TripAdvisor, Inc. (NASDAQ:TRIP) by 28.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 365,683 shares of the travel company’s stock after buying an additional 81,570 shares during the quarter. TripAdvisor accounts for about 3.4% of Cygnus Capital Advisors LLC’s investment portfolio, making the stock its 10th largest position. Cygnus Capital Advisors LLC’s holdings in TripAdvisor were worth $5,014,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of TRIP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in TripAdvisor by 29.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,998 shares of the travel company’s stock worth $1,162,000 after acquiring an additional 18,699 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of 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 purchasing an additional 5,916 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of TripAdvisor by 14.2% in the 1st quarter. Empowered Funds LLC now owns 13,475 shares of the travel company’s stock worth $191,000 after purchasing an additional 1,676 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of TripAdvisor by 8.0% during 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 worth $4,216,000 after purchasing an additional 22,136 shares in the last quarter. Finally, Creative Planning bought a new position in TripAdvisor during the 2nd quarter valued at about $349,000. 98.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on TRIP. The Goldman Sachs Group reaffirmed a “buy” rating and set a $16.00 price objective on shares of TripAdvisor in a research note on Monday, July 20th. UBS Group decreased their price target on TripAdvisor from $15.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 11th. DA Davidson lifted their price objective on TripAdvisor from $10.50 to $15.50 and gave the company a “neutral” rating in a research report on Monday, June 15th. Barclays reduced their price objective on TripAdvisor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Monday, May 11th. Finally, B. Riley Financial lowered their target price on TripAdvisor from $13.00 to $12.50 and set a “neutral” rating for the company in a research note on Monday, August 10th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, TripAdvisor has an average rating of “Reduce” and an average target price of $14.12.

Insider Activity at TripAdvisor

In related news, CEO Almir Ambeskovic sold 8,000 shares of TripAdvisor stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $9.45, for a total transaction of $75,600.00. Following the completion of the sale, the chief executive officer directly owned 30,456 shares of the company’s stock, valued at $287,809.20. The trade was a 20.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 company insiders.

TripAdvisor Price Performance

Shares of TRIP stock opened at $9.32 on Tuesday. The firm’s 50 day moving average price is $12.27 and its two-hundred day moving average price is $11.35. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.56 and a current ratio of 1.56. TripAdvisor, Inc. has a 52-week low of $9.01 and a 52-week high of $20.16. The stock has a market cap of $1.09 billion, a PE ratio of 932.93, a PEG ratio of 3.47 and a beta of 0.83.

TripAdvisor (NASDAQ:TRIP) last issued its earnings results on Thursday, August 6th. The travel company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.03). The business had revenue of $385.30 million for the quarter, compared to the consensus estimate of $506.27 million. TripAdvisor had a net margin of 0.28% and a return on equity of 4.23%. The business’s revenue was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 EPS. As a group, analysts forecast that TripAdvisor, Inc. will post 0.36 EPS for the current year.

About TripAdvisor

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.