Converium Capital Inc. Purchases Shares of 1,075,000 TripAdvisor, Inc. $TRIP

Converium Capital Inc. purchased a new position in TripAdvisor, Inc. (NASDAQ:TRIP) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,075,000 shares of the travel company’s stock, valued at approximately $11,460,000. TripAdvisor makes up about 7.5% of Converium Capital Inc.’s portfolio, making the stock its 6th largest holding.

A number of other large investors have also modified their holdings of TRIP. Vanguard Group Inc. increased its position in shares of TripAdvisor by 6.1% during the fourth 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. Starboard Value LP boosted its holdings in TripAdvisor by 1.4% in the fourth quarter. Starboard Value LP now owns 9,644,996 shares of the travel company’s stock valued at $140,431,000 after purchasing an additional 134,512 shares during the period. Ameriprise Financial Inc. boosted its holdings in 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 purchasing an additional 1,445,607 shares during the period. Dimensional Fund Advisors LP grew its stake in TripAdvisor by 5.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,973,534 shares of the travel company’s stock worth $42,356,000 after purchasing an additional 210,591 shares in the last quarter. Finally, River Road Asset Management LLC grew its stake in TripAdvisor by 1.7% during the 4th quarter. River Road Asset Management LLC now owns 3,448,718 shares of the travel company’s stock worth $50,213,000 after purchasing an additional 56,159 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Barclays cut their price target on TripAdvisor from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Monday, May 11th. The Goldman Sachs Group reissued a “buy” rating and set a $16.00 price objective on shares of TripAdvisor in a research report on Monday, July 20th. BTIG Research downgraded TripAdvisor from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 21st. Wedbush upped their target price on shares of TripAdvisor from $19.00 to $20.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 16th. Finally, UBS Group raised their target price on shares of TripAdvisor from $13.70 to $15.00 and gave the company a “neutral” rating in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $14.86.

Insider Activity at TripAdvisor

In other 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 transaction, the chief executive officer owned 34,396 shares in the company, valued at approximately $423,070.80. This represents a 18.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.00% of the company’s stock.

TripAdvisor Stock Performance

NASDAQ:TRIP opened at $14.16 on Friday. The firm has a market capitalization of $1.65 billion, a PE ratio of 141.61, a price-to-earnings-growth ratio of 2.78 and a beta of 0.86. The business’s fifty day moving average price is $13.04 and its 200 day moving average price is $11.76. 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 12 month low of $9.01 and a 12 month high of $20.16.

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