NFJ Investment Group LLC Makes New $4.83 Million Investment in TripAdvisor, Inc. $TRIP

NFJ Investment Group LLC bought a new position in TripAdvisor, Inc. (NASDAQ:TRIP) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 331,980 shares of the travel company’s stock, valued at approximately $4,834,000. NFJ Investment Group LLC owned approximately 0.28% of TripAdvisor at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of TRIP. Alyeska Investment Group L.P. bought a new stake in shares of TripAdvisor in the 3rd quarter worth $26,848,000. Ameriprise Financial Inc. increased its holdings in shares of TripAdvisor by 24.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,416,019 shares of the travel company’s stock worth $120,585,000 after purchasing an additional 1,445,607 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of TripAdvisor by 1,712.3% in the 4th quarter. SG Americas Securities LLC now owns 1,107,995 shares of the travel company’s stock worth $16,132,000 after purchasing an additional 1,046,858 shares in the last quarter. Holocene Advisors LP increased its holdings in shares of TripAdvisor by 78.5% in the 3rd quarter. Holocene Advisors LP now owns 2,210,903 shares of the travel company’s stock worth $35,949,000 after purchasing an additional 972,369 shares in the last quarter. Finally, Nuveen LLC increased its holdings in shares of TripAdvisor by 40.1% in the 4th quarter. Nuveen LLC now owns 3,355,310 shares of the travel company’s stock worth $48,853,000 after purchasing an additional 961,121 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

Insider Transactions at TripAdvisor

In other TripAdvisor news, CEO Almir Ambeskovic sold 8,000 shares of the business’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 completion of the sale, the chief executive officer owned 34,396 shares of the company’s stock, valued at approximately $423,070.80. The trade was a 18.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 3.10% of the company’s stock.

TripAdvisor Stock Performance

Shares of TRIP opened at $12.41 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.25 and a quick ratio of 1.25. TripAdvisor, Inc. has a one year low of $9.01 and a one year high of $20.16. The firm has a market capitalization of $1.44 billion, a P/E ratio of 124.11, a PEG ratio of 2.44 and a beta of 0.90. The business has a fifty day moving average of $10.92 and a 200 day moving average of $12.01.

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

Analysts Set New Price Targets

Several analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of TripAdvisor in a report on Friday, May 15th. The Goldman Sachs Group cut their price objective on TripAdvisor from $25.00 to $22.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. DA Davidson cut their price objective on TripAdvisor from $11.00 to $10.50 and set a “neutral” rating for the company in a report on Monday, May 18th. Wedbush assumed coverage on TripAdvisor in a report on Tuesday, June 2nd. They issued an “outperform” rating and a $19.00 price objective for the company. Finally, B. Riley Financial cut their price objective on TripAdvisor from $18.00 to $13.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, TripAdvisor presently has a consensus rating of “Hold” and an average price target of $14.76.

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.