US Bancorp DE lowered its stake in shares of Tripadvisor Inc (NASDAQ:TRIP) by 23.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 10,683 shares of the travel company’s stock after selling 3,267 shares during the quarter. US Bancorp DE’s holdings in Tripadvisor were worth $550,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the stock. TD Asset Management Inc. boosted its holdings in shares of Tripadvisor by 2.8% during the fourth quarter. TD Asset Management Inc. now owns 31,229 shares of the travel company’s stock worth $1,684,000 after purchasing an additional 850 shares during the period. Hartford Investment Management Co. raised its stake in Tripadvisor by 20.7% in the fourth quarter. Hartford Investment Management Co. now owns 13,846 shares of the travel company’s stock worth $747,000 after buying an additional 2,377 shares in the last quarter. WINTON GROUP Ltd bought a new position in Tripadvisor in the fourth quarter worth about $10,031,000. Enlightenment Research LLC bought a new position in Tripadvisor in the fourth quarter worth about $189,000. Finally, Smith Asset Management Group LP raised its stake in Tripadvisor by 105.2% in the fourth quarter. Smith Asset Management Group LP now owns 1,074,051 shares of the travel company’s stock worth $57,948,000 after buying an additional 550,647 shares in the last quarter. 86.72% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Noel Bertram Watson sold 3,369 shares of the stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $55.00, for a total transaction of $185,295.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Seth J. Kalvert sold 11,016 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $51.93, for a total transaction of $572,060.88. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by company insiders.
Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Tuesday, May 7th. The travel company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.05. Tripadvisor had a net margin of 8.31% and a return on equity of 10.24%. The business had revenue of $376.00 million during the quarter, compared to the consensus estimate of $387.27 million. During the same quarter last year, the firm earned $0.30 earnings per share. The business’s revenue for the quarter was down .5% on a year-over-year basis. As a group, research analysts forecast that Tripadvisor Inc will post 1.32 earnings per share for the current year.
TRIP has been the subject of a number of research reports. BidaskClub downgraded shares of Tripadvisor from a “hold” rating to a “sell” rating in a research note on Thursday, May 30th. SunTrust Banks decreased their price target on shares of Tripadvisor to $60.00 and set a “hold” rating for the company in a research note on Friday, April 12th. Barclays decreased their price target on shares of Tripadvisor from $78.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, May 9th. Zacks Investment Research downgraded shares of Tripadvisor from a “buy” rating to a “hold” rating in a research note on Monday, February 18th. Finally, Cowen downgraded shares of Tripadvisor from a “market perform” rating to an “underperform” rating and decreased their price target for the stock from $50.00 to $40.00 in a research note on Wednesday, March 6th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the stock. Tripadvisor currently has an average rating of “Hold” and an average target price of $56.60.
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Tripadvisor Company Profile
TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotel and Non-Hotel. The company operates TripAdvisor-branded Websites, including tripadvisor.com in the United States; and localized versions of the Website in 48 markets and 28 languages. It also manages and operates other travel media brands that provide users the comprehensive travel-planning and trip-taking resources in the travel industry, such as airfarewatchdog.com, bookingbuddy.com, cruisecritic.com, familyvacationcritic.com, flipkey.com, thefork.com, holidaywatchdog.com, housetrip.com, jetsetter.com, niumba.com, onetime.com, oyster.com, seatguru.com, smartertravel.com, tingo.com, vacationhomerentals.com, and viator.com, as well as www.bokun.io and holidaylettings.co.uk.
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