TripAdvisor, Inc. (TRIP) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC trimmed its holdings in shares of TripAdvisor, Inc. (NASDAQ:TRIP) by 12.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,531 shares of the travel company’s stock after selling 9,368 shares during the quarter. Voya Investment Management LLC’s holdings in TripAdvisor were worth $2,503,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. bought a new stake in shares of TripAdvisor during the first quarter worth $113,000. KCG Holdings Inc. bought a new stake in shares of TripAdvisor during the first quarter worth $205,000. Raymond James Financial Services Advisors Inc. lifted its position in shares of 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 purchasing an additional 377 shares during the last quarter. BlueMountain Capital Management LLC bought a new stake in shares of TripAdvisor during the second quarter worth $242,000. Finally, Cutter & CO Brokerage Inc. lifted its position in shares of TripAdvisor by 0.5% during the second quarter. Cutter & CO Brokerage Inc. now owns 6,520 shares of the travel company’s stock worth $249,000 after purchasing an additional 30 shares during the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

Several analysts have recently weighed in on the company. Zacks Investment Research upgraded TripAdvisor from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Bank of America Corporation reiterated an “underperform” rating and set a $30.00 target price (down from $35.00) on shares of TripAdvisor in a research report on Wednesday, August 9th. UBS AG reiterated a “neutral” rating and set a $43.00 target price (down from $50.00) on shares of TripAdvisor in a research report on Thursday, August 10th. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $32.00 target price (down from $40.00) on shares of TripAdvisor in a research report on Thursday, August 10th. Finally, Barclays PLC restated a “hold” rating and issued a $47.00 price objective on shares of TripAdvisor in a report on Wednesday, August 9th. Nine research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $42.83.

WARNING: “TripAdvisor, Inc. (TRIP) Shares Sold by Voya Investment Management LLC” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another website, it was stolen and republished in violation of US & international copyright & trademark laws. The correct version of this news story can be accessed at https://ledgergazette.com/2017/10/17/tripadvisor-inc-trip-shares-sold-by-voya-investment-management-llc.html.

In other 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 transaction, the insider now owns 5,364 shares in the company, valued at approximately $209,678.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.09% of the company’s stock.

Shares of TripAdvisor, Inc. (TRIP) opened at 39.72 on Tuesday. The stock’s 50 day moving average price is $42.67 and its 200-day moving average price is $41.05. The stock has a market cap of $5.51 billion, a price-to-earnings ratio of 60.09 and a beta of 2.38. TripAdvisor, Inc. has a 52 week low of $35.34 and a 52 week high of $65.56.

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings data on Tuesday, August 8th. The travel company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.05). TripAdvisor had a net margin of 6.26% and a return on equity of 8.62%. The business had revenue of $424.00 million during the quarter, compared to analysts’ expectations of $421.66 million. During the same quarter in the previous year, the company posted $0.38 EPS. The company’s revenue was up 8.4% compared to the same quarter last year. Equities analysts anticipate that TripAdvisor, Inc. will post $1.14 earnings per share for the current fiscal year.

TripAdvisor Profile

TripAdvisor, Inc owns and operat

Other large investors have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. bought a new stake in shares of TripAdvisor during the first quarter worth $113,000. KCG Holdings Inc. bought a new stake in shares of TripAdvisor during the first quarter worth $205,000. Raymond James Financial Services Advisors Inc. lifted its position in shares of 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 purchasing an additional 377 shares during the last quarter. BlueMountain Capital Management LLC bought a new stake in shares of TripAdvisor during the second quarter worth $242,000. Finally, Cutter & CO Brokerage Inc. lifted its position in shares of TripAdvisor by 0.5% during the second quarter. Cutter & CO Brokerage Inc. now owns 6,520 shares of the travel company’s stock worth $249,000 after purchasing an additional 30 shares during the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.

Several analysts have recently weighed in on the company. Zacks Investment Research upgraded TripAdvisor from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Bank of America Corporation reiterated an “underperform” rating and set a $30.00 target price (down from $35.00) on shares of TripAdvisor in a research report on Wednesday, August 9th. UBS AG reiterated a “neutral” rating and set a $43.00 target price (down from $50.00) on shares of TripAdvisor in a research report on Thursday, August 10th. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $32.00 target price (down from $40.00) on shares of TripAdvisor in a research report on Thursday, August 10th. Finally, Barclays PLC restated a “hold” rating and issued a $47.00 price objective on shares of TripAdvisor in a report on Wednesday, August 9th. Nine research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $42.83.

WARNING: “TripAdvisor, Inc. (TRIP) Shares Sold by Voya Investment Management LLC” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another website, it was stolen and republished in violation of US & international copyright & trademark laws. The correct version of this news story can be accessed at https://ledgergazette.com/2017/10/17/tripadvisor-inc-trip-shares-sold-by-voya-investment-management-llc.html.

In other 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 transaction, the insider now owns 5,364 shares in the company, valued at approximately $209,678.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.09% of the company’s stock.

Shares of TripAdvisor, Inc. (TRIP) opened at 39.72 on Tuesday. The stock’s 50 day moving average price is $42.67 and its 200-day moving average price is $41.05. The stock has a market cap of $5.51 billion, a price-to-earnings ratio of 60.09 and a beta of 2.38. TripAdvisor, Inc. has a 52 week low of $35.34 and a 52 week high of $65.56.

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings data on Tuesday, August 8th. The travel company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.05). TripAdvisor had a net margin of 6.26% and a return on equity of 8.62%. The business had revenue of $424.00 million during the quarter, compared to analysts’ expectations of $421.66 million. During the same quarter in the previous year, the company posted $0.38 EPS. The company’s revenue was up 8.4% compared to the same quarter last year. Equities analysts anticipate that TripAdvisor, Inc. will post $1.14 earnings per share for the current fiscal year.

TripAdvisor 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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Institutional Ownership by Quarter for TripAdvisor (NASDAQ:TRIP)

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