Andra AP fonden held its position in TripAdvisor, Inc. (NASDAQ:TRIP) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,000 shares of the travel company’s stock at the end of the 2nd quarter. Andra AP fonden’s holdings in TripAdvisor were worth $267,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can raised its position in TripAdvisor by 8.5% in the 1st quarter. Bank of Montreal Can now owns 41,468 shares of the travel company’s stock valued at $1,790,000 after buying an additional 3,237 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of TripAdvisor by 32.3% during the 1st quarter. Nisa Investment Advisors LLC now owns 22,357 shares of the travel company’s stock worth $965,000 after purchasing an additional 5,455 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of TripAdvisor by 2.4% during the 1st quarter. Russell Investments Group Ltd. now owns 410,517 shares of the travel company’s stock worth $17,718,000 after acquiring an additional 9,509 shares during the period. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of TripAdvisor by 11.2% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 10,464 shares of the travel company’s stock worth $451,000 after acquiring an additional 1,051 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of TripAdvisor by 22.9% during the 1st quarter. Wells Fargo & Company MN now owns 320,673 shares of the travel company’s stock worth $13,840,000 after acquiring an additional 59,748 shares during the period. 86.39% of the stock is currently owned by institutional investors.
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TripAdvisor, Inc. (NASDAQ TRIP) opened at 42.99 on Friday. The firm’s 50 day moving average is $41.38 and its 200 day moving average is $41.14. TripAdvisor, Inc. has a 12-month low of $35.34 and a 12-month high of $66.13. The company has a market cap of $5.96 billion, a P/E ratio of 65.04 and a beta of 2.37.
TripAdvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Tuesday, August 8th. The travel company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.05). The business 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 was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 earnings per share. Equities research analysts anticipate that TripAdvisor, Inc. will post $1.15 EPS for the current fiscal year.
In other TripAdvisor news, insider Dermot Halpin sold 12,859 shares of the stock in a transaction that occurred on Friday, August 18th. The shares were 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 approximately $209,678.76. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.98% of the stock is owned by corporate insiders.
Several research firms recently issued reports on TRIP. Zacks Investment Research upgraded TripAdvisor from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Bank of America Corporation reissued an “underperform” rating and set a $30.00 price target (down previously from $35.00) on shares of TripAdvisor in a report on Wednesday, August 9th. UBS AG reiterated a “neutral” rating and issued a $43.00 price target (down previously from $50.00) on shares of TripAdvisor in a research report on Thursday, August 10th. Susquehanna Bancshares Inc restated a “neutral” rating and set a $32.00 target price (down previously from $40.00) on shares of TripAdvisor in a research report on Thursday, August 10th. Finally, Barclays PLC reiterated a “hold” rating and issued a $47.00 price target on shares of TripAdvisor in a report on Wednesday, August 9th. Nine equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has issued a buy rating to the company’s stock. TripAdvisor has an average rating of “Hold” and a consensus price target of $43.44.
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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