Hartford Investment Management Co. reduced its stake in Tripadvisor Inc (NASDAQ:TRIP) by 6.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,469 shares of the travel company’s stock after selling 752 shares during the period. Hartford Investment Management Co.’s holdings in Tripadvisor were worth $586,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Advisory Services Network LLC boosted its holdings in shares of Tripadvisor by 10,215.8% in the second quarter. Advisory Services Network LLC now owns 1,960 shares of the travel company’s stock worth $119,000 after acquiring an additional 1,941 shares during the period. NumerixS Investment Technologies Inc bought a new position in shares of Tripadvisor in the second quarter worth $133,000. Tower Research Capital LLC TRC boosted its holdings in shares of Tripadvisor by 72.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,728 shares of the travel company’s stock worth $152,000 after acquiring an additional 1,147 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in shares of Tripadvisor by 200.0% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,000 shares of the travel company’s stock worth $167,000 after acquiring an additional 2,000 shares during the period. Finally, Advisors Preferred LLC bought a new position in shares of Tripadvisor in the second quarter worth $175,000. 90.14% of the stock is owned by hedge funds and other institutional investors.
In other Tripadvisor news, insider Noel Bertram Watson sold 723 shares of the firm’s stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $63.30, for a total transaction of $45,765.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.10% of the company’s stock.
Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Wednesday, November 7th. The travel company reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.24. Tripadvisor had a return on equity of 7.46% and a net margin of 1.38%. The business had revenue of $458.00 million for the quarter, compared to the consensus estimate of $469.09 million. During the same quarter last year, the business posted $0.36 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, equities research analysts forecast that Tripadvisor Inc will post 1.12 EPS for the current fiscal year.
Several research firms recently issued reports on TRIP. Zacks Investment Research raised Tripadvisor from a “sell” rating to a “hold” rating in a research note on Thursday, October 25th. Wells Fargo & Co set a $65.00 price objective on Tripadvisor and gave the company a “hold” rating in a research note on Friday, November 9th. BidaskClub raised Tripadvisor from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Piper Jaffray Companies reissued an “in-line” rating and set a $54.00 price objective on shares of Tripadvisor in a research note on Thursday, November 8th. Finally, DA Davidson lifted their price objective on Tripadvisor to $62.00 and gave the company a “neutral” rating in a research note on Friday, November 9th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. Tripadvisor presently has a consensus rating of “Hold” and a consensus target price of $55.71.
Tripadvisor Company Profile
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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