Pitcairn Co. decreased its stake in TripAdvisor Inc. (NASDAQ:TRIP) by 12.4% during the second quarter, Holdings Channel reports. The fund owned 43,465 shares of the travel company’s stock after selling 6,171 shares during the period. Pitcairn Co.’s holdings in TripAdvisor were worth $2,795,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of TRIP. Ladenburg Thalmann Financial Services Inc. raised its stake in TripAdvisor by 11.8% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,757 shares of the travel company’s stock valued at $185,000 after buying an additional 290 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in TripAdvisor by 33.3% in the first quarter. Canada Pension Plan Investment Board now owns 2,800 shares of the travel company’s stock valued at $186,000 after buying an additional 700 shares during the last quarter. FDO Partners LLC acquired a new stake in TripAdvisor during the first quarter valued at approximately $229,000. Exane Derivatives raised its stake in TripAdvisor by 76.4% in the first quarter. Exane Derivatives now owns 4,001 shares of the travel company’s stock valued at $266,000 after buying an additional 1,733 shares during the last quarter. Finally, LS Investment Advisors LLC raised its stake in TripAdvisor by 8.3% in the second quarter. LS Investment Advisors LLC now owns 4,529 shares of the travel company’s stock valued at $291,000 after buying an additional 348 shares during the last quarter. 87.79% of the stock is currently owned by institutional investors and hedge funds.

Shares of TripAdvisor Inc. (NASDAQ:TRIP) traded down 2.10% during trading on Monday, hitting $60.00. 1,918,491 shares of the company were exchanged. TripAdvisor Inc. has a 12 month low of $53.48 and a 12 month high of $87.50. The firm has a market capitalization of $8.74 billion, a PE ratio of 63.16 and a beta of 2.36. The firm’s 50-day moving average price is $62.51 and its 200 day moving average price is $64.68.

TripAdvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Wednesday, August 3rd. The travel company reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.04. TripAdvisor had a net margin of 9.41% and a return on equity of 13.55%. The business earned $391 million during the quarter. During the same quarter in the previous year, the company posted $0.54 EPS. TripAdvisor’s quarterly revenue was down 3.5% compared to the same quarter last year. On average, equities research analysts expect that TripAdvisor Inc. will post $1.58 earnings per share for the current fiscal year.

Several equities research analysts recently commented on TRIP shares. Oppenheimer Holdings Inc. reissued a “” rating on shares of TripAdvisor in a research note on Friday, August 5th. Piper Jaffray Cos. reiterated a “buy” rating and issued a $95.00 target price on shares of TripAdvisor in a research note on Saturday, June 25th. Credit Suisse Group AG reiterated a “buy” rating and issued a $73.00 target price on shares of TripAdvisor in a research note on Friday, August 5th. Evercore ISI reiterated a “hold” rating and issued a $75.00 target price on shares of TripAdvisor in a research note on Tuesday, July 26th. Finally, Jefferies Group reiterated a “hold” rating on shares of TripAdvisor in a research note on Monday, July 18th. Four research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $69.54.

In other news, insider Dermot Halpin sold 10,000 shares of TripAdvisor stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $61.77, for a total transaction of $617,700.00. Following the sale, the insider now owns 10,900 shares in the company, valued at $673,293. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.98% of the company’s stock.

About TripAdvisor

TripAdvisor, Inc is an online travel company, which owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s flagship brand, is a travel Website. The Company operates in two segments. The Hotel segment’s services include making hotel room nights available for price comparison and booking, including instant booking feature, as well as subscription-based hotel products, such as Business Listings, and transaction-based hotel products, such as Jetsetter and Tingo.

5 Day Chart for NASDAQ:TRIP

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