TripAdvisor, Inc. $TRIP Shares Purchased by Empowered Funds LLC

Empowered Funds LLC grew its stake in shares of TripAdvisor, Inc. (NASDAQ:TRIP) by 279.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 500,565 shares of the travel company’s stock after buying an additional 368,505 shares during the quarter. Empowered Funds LLC’s holdings in TripAdvisor were worth $5,336,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in TRIP. Kestra Advisory Services LLC acquired a new position in shares of TripAdvisor during the fourth quarter valued at approximately $33,000. UMB Bank n.a. raised its holdings in TripAdvisor by 295.2% during the fourth quarter. UMB Bank n.a. now owns 2,300 shares of the travel company’s stock worth $33,000 after purchasing an additional 1,718 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in TripAdvisor by 192.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,767 shares of the travel company’s stock worth $40,000 after purchasing an additional 1,821 shares during the period. CIBC Private Wealth Group LLC acquired a new stake in TripAdvisor in the third quarter worth approximately $58,000. Finally, Atlas Capital Advisors Inc. acquired a new stake in TripAdvisor in the fourth quarter worth approximately $58,000. 98.99% of the stock is owned by institutional investors and hedge funds.

TripAdvisor Price Performance

Shares of NASDAQ:TRIP opened at $14.16 on Friday. The company 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 company has a debt-to-equity ratio of 1.36, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a fifty day moving average of $13.04 and a 200-day moving average of $11.76. TripAdvisor, Inc. has a one year low of $9.01 and a one year high of $20.16.

TripAdvisor (NASDAQ:TRIP) last issued its earnings results 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). The company had revenue of $382.40 million during the quarter, compared to analyst estimates of $384.69 million. TripAdvisor had a return on equity of 5.73% and a net margin of 0.99%.The business’s revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 earnings per share. As a group, equities analysts anticipate that TripAdvisor, Inc. will post 0.69 EPS for the current fiscal year.

Insider Activity at TripAdvisor

In related news, CEO Almir Ambeskovic sold 8,000 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $12.30, for a total value of $98,400.00. Following the completion of the transaction, the chief executive officer owned 34,396 shares in the company, valued at $423,070.80. This trade represents a 18.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of TripAdvisor in a research note on Friday, May 15th. Wedbush boosted their price objective on TripAdvisor from $19.00 to $20.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 16th. UBS Group upped their price objective on TripAdvisor from $13.70 to $15.00 and gave the company a “neutral” rating in a report on Thursday. DA Davidson raised their target price on TripAdvisor from $10.50 to $15.50 and gave the company a “neutral” rating in a research note on Monday, June 15th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $16.00 target price on shares of TripAdvisor in a report on Monday, July 20th. Four investment 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. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $14.86.

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.