Delta Lloyd Asset Management N.V. purchased a new stake in TripAdvisor, Inc. (NASDAQ:TRIP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 17,243 shares of the travel company’s stock, valued at approximately $659,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in TRIP. Oppenheimer Asset Management Inc. acquired a new position in TripAdvisor in the first quarter valued at $113,000. Bronfman E.L. Rothschild L.P. increased its stake in TripAdvisor by 4.2% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,967 shares of the travel company’s stock valued at $171,000 after purchasing an additional 160 shares during the period. Sphera Funds Management LTD. acquired a new position in TripAdvisor in the first quarter valued at $173,000. Nordea Investment Management AB boosted its holdings in shares of TripAdvisor by 3.5% in the first quarter. Nordea Investment Management AB now owns 4,597 shares of the travel company’s stock valued at $198,000 after acquiring an additional 157 shares in the last quarter. Finally, KCG Holdings Inc. purchased a new stake in shares of TripAdvisor in the first quarter valued at about $205,000. Institutional investors and hedge funds own 86.39% of the company’s stock.
In related news, insider Dermot Halpin sold 12,859 shares of the firm’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $39.09, for a total value of $502,658.31. Following the sale, the insider now directly owns 5,364 shares of the company’s stock, valued at $209,678.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.98% of the company’s stock.
Several brokerages have recently weighed in on TRIP. BidaskClub raised shares of TripAdvisor from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 9th. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $32.00 price objective (down previously from $40.00) on shares of TripAdvisor in a report on Thursday, August 10th. Cowen and Company restated a “market perform” rating and set a $42.00 target price (up previously from $40.00) on shares of TripAdvisor in a research report on Friday, August 11th. Stifel Nicolaus restated a “hold” rating and set a $40.00 target price (down previously from $45.00) on shares of TripAdvisor in a research report on Thursday, August 10th. Finally, ValuEngine raised shares of TripAdvisor from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Nine equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has assigned a buy rating to the company’s stock. TripAdvisor currently has a consensus rating of “Hold” and an average price target of $43.44.
TripAdvisor, Inc. (NASDAQ:TRIP) traded up 1.40% during trading on Friday, hitting $43.57. 491,615 shares of the stock traded hands. The firm’s 50-day moving average is $41.38 and its 200 day moving average is $41.14. The stock has a market cap of $6.05 billion, a P/E ratio of 65.92 and a beta of 2.37. TripAdvisor, Inc. has a 52 week low of $35.34 and a 52 week high of $66.13.
TripAdvisor (NASDAQ:TRIP) last released its earnings results on Tuesday, August 8th. The travel company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.05). The company had revenue of $424.00 million for the quarter, compared to analyst estimates of $421.66 million. TripAdvisor had a return on equity of 8.62% and a net margin of 6.26%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the company posted $0.38 earnings per share. Equities research analysts forecast that TripAdvisor, Inc. will post $1.15 earnings per share for the current fiscal year.
TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.
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