Federated Investors Inc. PA increased its position in shares of TripAdvisor, Inc. (NASDAQ:TRIP) by 1,052.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,760 shares of the travel company’s stock after buying an additional 24,437 shares during the period. Federated Investors Inc. PA’s holdings in TripAdvisor were worth $1,022,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in TRIP. Oppenheimer Asset Management Inc. acquired a new position in TripAdvisor during the first quarter worth $113,000. Sphera Funds Management LTD. acquired a new position in TripAdvisor during the first quarter worth $173,000. Nordea Investment Management AB raised its position in TripAdvisor by 3.5% during the first quarter. Nordea Investment Management AB now owns 4,597 shares of the travel company’s stock worth $198,000 after acquiring an additional 157 shares during the period. KCG Holdings Inc. acquired a new position in TripAdvisor during the first quarter worth $205,000. Finally, Raymond James Financial Services Advisors Inc. raised its position in TripAdvisor by 7.7% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 5,303 shares of the travel company’s stock worth $229,000 after acquiring an additional 377 shares during the period. 86.18% of the stock is currently owned by hedge funds and other institutional investors.
Shares of TripAdvisor, Inc. (TRIP) opened at 44.365 on Friday. The company has a 50-day moving average of $41.78 and a 200 day moving average of $41.18. TripAdvisor, Inc. has a one year low of $35.34 and a one year high of $66.13. The firm has a market cap of $6.16 billion, a PE ratio of 67.118 and a beta of 2.37.
TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings results on Tuesday, August 8th. The travel company reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.05). TripAdvisor had a net margin of 6.26% and a return on equity of 8.62%. The company had revenue of $424.00 million during the quarter, compared to analyst estimates of $421.66 million. During the same quarter last year, the business earned $0.38 EPS. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, equities research analysts expect that TripAdvisor, Inc. will post $1.15 EPS for the current fiscal year.
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In related news, insider Dermot Halpin sold 12,859 shares of the 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 completion of 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 document filed with the SEC, which can be accessed through this hyperlink. 0.98% of the stock is currently owned by corporate insiders.
A number of equities analysts have weighed in on TRIP shares. Barclays PLC reduced their price objective on shares of TripAdvisor from $52.00 to $48.00 and set an “equal weight” rating for the company in a research report on Monday, August 7th. Stifel Nicolaus reiterated a “hold” rating on shares of TripAdvisor in a research report on Friday, July 28th. Zacks Investment Research upgraded shares of TripAdvisor from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Wells Fargo & Company reiterated a “hold” rating on shares of TripAdvisor in a research report on Thursday, July 27th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $47.00 target price on shares of TripAdvisor in a research report on Monday, August 7th. Nine research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has given a buy rating to the company. TripAdvisor has a consensus rating of “Hold” and an average target price of $43.44.
TripAdvisor Company Profile
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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