Fifth Third Bancorp Boosts Stake in TripAdvisor, Inc. $TRIP

Fifth Third Bancorp lifted its position in TripAdvisor, Inc. (NASDAQ:TRIP) by 11,748.4% in the first quarter, Holdings Channel reports. The firm owned 114,337 shares of the travel company’s stock after acquiring an additional 113,372 shares during the period. Fifth Third Bancorp’s holdings in TripAdvisor were worth $1,219,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of TripAdvisor by 29.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,998 shares of the travel company’s stock valued at $1,162,000 after acquiring an additional 18,699 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of TripAdvisor by 1,183.2% in the 1st quarter. Jones Financial Companies Lllp now owns 6,416 shares of the travel company’s stock valued at $85,000 after acquiring an additional 5,916 shares during the period. Empowered Funds LLC raised its position in TripAdvisor by 14.2% in the 1st quarter. Empowered Funds LLC now owns 13,475 shares of the travel company’s stock valued at $191,000 after purchasing an additional 1,676 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in TripAdvisor by 8.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 297,532 shares of the travel company’s stock valued at $4,216,000 after purchasing an additional 22,136 shares during the last quarter. Finally, Creative Planning acquired a new stake in TripAdvisor during the 2nd quarter worth $349,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

TripAdvisor Stock Performance

Shares of TRIP opened at $13.70 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market capitalization of $1.59 billion, a P/E ratio of 137.01, a P/E/G ratio of 2.65 and a beta of 0.86. The company’s fifty day moving average is $12.57 and its two-hundred day moving average is $11.77. TripAdvisor, Inc. has a 1 year low of $9.01 and a 1 year high of $20.16.

TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Thursday, May 7th. The travel company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.08). TripAdvisor had a return on equity of 5.73% and a net margin of 0.99%.The firm had revenue of $382.40 million for the quarter, compared to analysts’ expectations of $384.69 million. During the same quarter in the previous year, the company posted $0.14 EPS. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, sell-side analysts predict that TripAdvisor, Inc. will post 0.69 earnings per share for the current year.

Insider Activity

In related news, CEO Almir Ambeskovic sold 8,000 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $12.30, for a total transaction of $98,400.00. Following the completion of the transaction, the chief executive officer directly owned 34,396 shares of the company’s stock, valued at $423,070.80. This represents a 18.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TRIP has been the topic of several research reports. UBS Group lowered their price objective on shares of TripAdvisor from $16.00 to $13.70 and set a “neutral” rating on the stock in a research report on Monday, April 27th. The Goldman Sachs Group reiterated a “buy” rating and set a $16.00 target price on shares of TripAdvisor in a research note on Monday. DA Davidson raised their price target on TripAdvisor from $10.50 to $15.50 and gave the stock a “neutral” rating in a report on Monday, June 15th. JPMorgan Chase & Co. dropped their price target on TripAdvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a research report on Friday, May 8th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of TripAdvisor in a research note on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $14.76.

About TripAdvisor

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.