Sciencast Management LP purchased a new stake in Tripadvisor Inc (NASDAQ:TRIP) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,943 shares of the travel company’s stock, valued at approximately $257,000.
Other hedge funds also recently bought and sold shares of the company. Global Thematic Partners LLC raised its stake in Tripadvisor by 33.3% in the fourth quarter. Global Thematic Partners LLC now owns 890,889 shares of the travel company’s stock valued at $30,700,000 after purchasing an additional 222,410 shares in the last quarter. Atlantic Trust Group LLC raised its stake in Tripadvisor by 8.0% in the third quarter. Atlantic Trust Group LLC now owns 53,888 shares of the travel company’s stock valued at $2,184,000 after purchasing an additional 4,013 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in Tripadvisor by 66.2% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,443 shares of the travel company’s stock valued at $550,000 after purchasing an additional 5,356 shares in the last quarter. Marathon Asset Management LLP raised its stake in Tripadvisor by 1.6% in the fourth quarter. Marathon Asset Management LLP now owns 343,919 shares of the travel company’s stock valued at $11,851,000 after purchasing an additional 5,374 shares in the last quarter. Finally, Lafayette Investments Inc. acquired a new position in Tripadvisor in the third quarter valued at about $1,386,000. 89.13% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently commented on TRIP shares. Zacks Investment Research raised Tripadvisor from a “sell” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Thursday, January 11th. Barclays reaffirmed an “equal weight” rating and issued a $41.00 price target (up previously from $35.00) on shares of Tripadvisor in a research note on Friday, February 16th. ValuEngine raised Tripadvisor from a “sell” rating to a “hold” rating in a research note on Thursday, February 15th. Wells Fargo reaffirmed a “hold” rating on shares of Tripadvisor in a research note on Wednesday, February 14th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Tripadvisor in a research note on Thursday, January 25th. Six analysts have rated the stock with a sell rating and eighteen have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $40.06.
Tripadvisor Inc (NASDAQ TRIP) opened at $43.77 on Friday. Tripadvisor Inc has a 12-month low of $29.50 and a 12-month high of $50.95. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.67 and a quick ratio of 2.67. The stock has a market capitalization of $6,083.24, a PE ratio of 78.16, a price-to-earnings-growth ratio of 4.65 and a beta of 1.95.
Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Wednesday, February 14th. The travel company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.08). The firm had revenue of $321.00 million for the quarter, compared to the consensus estimate of $309.12 million. Tripadvisor had a positive return on equity of 5.63% and a negative net margin of 1.22%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 earnings per share. equities research analysts forecast that Tripadvisor Inc will post 0.63 EPS for the current year.
Tripadvisor announced that its board has authorized a stock buyback program on Wednesday, February 14th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the travel company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.
In other news, insider Dermot Halpin sold 26,313 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $42.49, for a total transaction of $1,118,039.37. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Ernst 02494 Teunissen sold 9,457 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $40.00, for a total value of $378,280.00. Following the sale, the chief financial officer now owns 13,866 shares in the company, valued at $554,640. The disclosure for this sale can be found here. Insiders own 1.09% of the company’s stock.
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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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