Swiss National Bank reduced its position in TripAdvisor (NASDAQ:TRIP) by 13.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 364,700 shares of the travel company’s stock after selling 56,300 shares during the quarter. Swiss National Bank owned 0.26% of TripAdvisor worth $14,913,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of TRIP. Technology Crossover Management IX Ltd. purchased a new stake in TripAdvisor in the 4th quarter worth about $78,603,000. CDAM UK Ltd purchased a new position in shares of TripAdvisor during the fourth quarter worth approximately $23,443,000. First Trust Advisors LP increased its position in shares of TripAdvisor by 32.1% during the fourth quarter. First Trust Advisors LP now owns 2,439,465 shares of the travel company’s stock worth $84,064,000 after acquiring an additional 592,258 shares during the period. Allianz Asset Management GmbH increased its position in shares of TripAdvisor by 29.2% during the fourth quarter. Allianz Asset Management GmbH now owns 1,816,118 shares of the travel company’s stock worth $62,584,000 after acquiring an additional 410,818 shares during the period. Finally, EastBay Asset Management LLC purchased a new position in shares of TripAdvisor during the fourth quarter worth approximately $13,377,000. 92.31% of the stock is currently owned by institutional investors.
A number of equities analysts have recently commented on the stock. ValuEngine raised shares of TripAdvisor from a “sell” rating to a “hold” rating in a research report on Thursday, February 15th. Piper Jaffray Companies reaffirmed a “neutral” rating and set a $47.00 target price on shares of TripAdvisor in a research report on Thursday, February 15th. DA Davidson assumed coverage on shares of TripAdvisor in a research report on Wednesday, April 4th. They set a “neutral” rating and a $46.00 target price on the stock. BidaskClub raised shares of TripAdvisor from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. Finally, Barclays reaffirmed an “equal weight” rating and set a $41.00 target price (up from $35.00) on shares of TripAdvisor in a research report on Friday, February 16th. Four equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and one has given a buy rating to the company. TripAdvisor has a consensus rating of “Hold” and a consensus price target of $40.84.
Shares of TripAdvisor opened at $48.03 on Tuesday, MarketBeat reports. The company has a market cap of $6.58 billion, a P/E ratio of 100.06, a price-to-earnings-growth ratio of 4.60 and a beta of 1.84. TripAdvisor has a 52-week low of $29.50 and a 52-week high of $50.69.
TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Tuesday, May 8th. The travel company reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.14. The company had revenue of $378.00 million for the quarter, compared to analyst estimates of $361.02 million. TripAdvisor had a negative net margin of 1.73% and a positive return on equity of 4.92%. TripAdvisor’s revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company posted $0.24 earnings per share. equities analysts predict that TripAdvisor will post 0.75 EPS for the current year.
TripAdvisor announced that its Board of Directors has authorized a stock buyback plan on Wednesday, February 14th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the travel company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
TripAdvisor, Inc operates as an online travel company. The company operates in two segments, Hotel and Non-Hotel. Its travel platform aggregates reviews and opinions of members about destinations, accommodations, activities and attractions, and restaurants, which enables users to research and plan their travel experiences, as well as book hotels, flights, cruises, vacation rentals, tours, activities and attractions, and restaurant reservations on its site or mobile app, or on the site or app of travel partner sites.
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