Leonteq Securities AG Makes New Investment in TripAdvisor, Inc. $TRIP

Leonteq Securities AG acquired a new position in shares of TripAdvisor, Inc. (NASDAQ:TRIP) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 95,506 shares of the travel company’s stock, valued at approximately $1,391,000. Leonteq Securities AG owned approximately 0.08% of TripAdvisor as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRIP. Alyeska Investment Group L.P. bought a new stake in TripAdvisor during the 3rd quarter worth approximately $26,848,000. Ameriprise Financial Inc. increased its holdings in TripAdvisor by 24.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,416,019 shares of the travel company’s stock worth $120,585,000 after purchasing an additional 1,445,607 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of TripAdvisor by 1,712.3% in the 4th quarter. SG Americas Securities LLC now owns 1,107,995 shares of the travel company’s stock worth $16,132,000 after buying an additional 1,046,858 shares during the last quarter. Holocene Advisors LP boosted its stake in shares of TripAdvisor by 78.5% in the 3rd quarter. Holocene Advisors LP now owns 2,210,903 shares of the travel company’s stock worth $35,949,000 after buying an additional 972,369 shares during the last quarter. Finally, Headwater Capital Co Ltd purchased a new position in shares of TripAdvisor in the 3rd quarter worth approximately $14,959,000. 98.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. UBS Group cut their target price on TripAdvisor from $16.00 to $13.70 and set a “neutral” rating on the stock in a research note on Monday, April 27th. Wedbush cut their target price on TripAdvisor from $15.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, February 13th. The Goldman Sachs Group cut their target price on TripAdvisor from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Cantor Fitzgerald set a $10.00 target price on TripAdvisor and gave the stock an “underweight” rating in a research note on Friday, February 13th. Finally, Barclays cut their target price on TripAdvisor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Monday, May 11th. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $14.26.

TripAdvisor Trading Down 0.3%

NASDAQ:TRIP opened at $9.90 on Friday. The company has a market cap of $1.15 billion, a P/E ratio of 99.01, a P/E/G ratio of 1.82 and a beta of 0.91. The stock’s fifty day moving average price is $10.41 and its two-hundred day moving average price is $12.39. TripAdvisor, Inc. has a 1 year low of $9.01 and a 1 year high of $20.16. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.25 and a quick ratio of 1.25.

TripAdvisor (NASDAQ:TRIP) last posted its earnings results on Thursday, May 7th. The travel company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.08). The company had revenue of $382.40 million for the quarter, compared to analysts’ expectations of $384.69 million. TripAdvisor had a return on equity of 5.73% and a net margin of 0.99%.The company’s revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 EPS. As a group, analysts expect that TripAdvisor, Inc. will post 0.74 EPS for the current year.

TripAdvisor Profile

TripAdvisor (NASDAQ:TRIP) is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company’s flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor’s offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.