Legg Mason Asset Management Japan Co. Ltd. Buys New Position in Tripadvisor Inc (TRIP)

Legg Mason Asset Management Japan Co. Ltd. bought a new position in Tripadvisor Inc (NASDAQ:TRIP) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 15,100 shares of the travel company’s stock, valued at approximately $815,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. IFP Advisors Inc boosted its stake in shares of Tripadvisor by 14.5% in the 4th quarter. IFP Advisors Inc now owns 1,901 shares of the travel company’s stock worth $102,000 after buying an additional 241 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of Tripadvisor by 47.5% in the 4th quarter. Captrust Financial Advisors now owns 1,084 shares of the travel company’s stock worth $58,000 after buying an additional 349 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Tripadvisor by 0.5% in the 4th quarter. Great West Life Assurance Co. Can now owns 75,674 shares of the travel company’s stock worth $3,889,000 after buying an additional 395 shares during the last quarter. ETF Managers Group LLC boosted its stake in shares of Tripadvisor by 15.8% in the 4th quarter. ETF Managers Group LLC now owns 3,190 shares of the travel company’s stock worth $172,000 after buying an additional 435 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV boosted its stake in shares of Tripadvisor by 5.0% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 9,181 shares of the travel company’s stock worth $495,000 after buying an additional 435 shares during the last quarter. Hedge funds and other institutional investors own 87.63% of the company’s stock.

Shares of TRIP stock opened at $51.59 on Friday. Tripadvisor Inc has a 1 year low of $36.75 and a 1 year high of $69.00. The firm has a market cap of $7.14 billion, a price-to-earnings ratio of 49.13, a price-to-earnings-growth ratio of 3.14 and a beta of 1.31.

Tripadvisor (NASDAQ:TRIP) last issued its earnings results on Tuesday, February 12th. The travel company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.12. Tripadvisor had a net margin of 7.00% and a return on equity of 9.27%. The business had revenue of $346.00 million for the quarter, compared to analysts’ expectations of $342.90 million. During the same quarter in the previous year, the firm posted $0.06 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities research analysts forecast that Tripadvisor Inc will post 1.27 earnings per share for the current fiscal year.

In other Tripadvisor news, CFO Ernst 02494 Teunissen sold 15,418 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $53.08, for a total transaction of $818,387.44. Following the sale, the chief financial officer now owns 12,668 shares of the company’s stock, valued at approximately $672,417.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dermot Halpin sold 17,655 shares of the business’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $56.69, for a total transaction of $1,000,861.95. Following the sale, the insider now directly owns 21,791 shares in the company, valued at approximately $1,235,331.79. The disclosure for this sale can be found here. Insiders have sold a total of 47,729 shares of company stock worth $2,627,528 in the last three months. Insiders own 3.10% of the company’s stock.

TRIP has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Tripadvisor from a “hold” rating to a “strong-buy” rating and set a $72.00 target price on the stock in a research note on Saturday, November 17th. DA Davidson set a $62.00 target price on Tripadvisor and gave the stock a “hold” rating in a research note on Friday, November 23rd. BidaskClub upgraded Tripadvisor from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 4th. Piper Jaffray Companies upped their price objective on Tripadvisor to $58.00 and gave the company a “neutral” rating in a research note on Wednesday, February 13th. Finally, ValuEngine downgraded Tripadvisor from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $56.19.

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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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Institutional Ownership by Quarter for Tripadvisor (NASDAQ:TRIP)

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