D.A. Davidson & CO. Boosts Stake in Tripadvisor Inc (TRIP)
D.A. Davidson & CO. grew its holdings in shares of Tripadvisor Inc (NASDAQ:TRIP) by 957.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,655 shares of the travel company’s stock after purchasing an additional 5,120 shares during the period. D.A. Davidson & CO.’s holdings in Tripadvisor were worth $229,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of TRIP. KCG Holdings Inc. purchased a new stake in Tripadvisor during the first quarter valued at about $205,000. BlueMountain Capital Management LLC purchased a new stake in Tripadvisor during the second quarter valued at about $242,000. Cutter & CO Brokerage Inc. lifted its stake in Tripadvisor by 0.5% during the second quarter. Cutter & CO Brokerage Inc. now owns 6,520 shares of the travel company’s stock valued at $249,000 after buying an additional 30 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in Tripadvisor during the second quarter valued at about $252,000. Finally, Flinton Capital Management LLC lifted its stake in Tripadvisor by 12.9% during the second quarter. Flinton Capital Management LLC now owns 7,008 shares of the travel company’s stock valued at $268,000 after buying an additional 800 shares in the last quarter. Institutional investors own 88.76% of the company’s stock.
Shares of Tripadvisor Inc (TRIP) opened at $34.57 on Thursday. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 0.19. The stock has a market cap of $4,820.46, a P/E ratio of 50.30, a PEG ratio of 2.82 and a beta of 2.33. Tripadvisor Inc has a 52-week low of $29.50 and a 52-week high of $53.58.
Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Monday, November 6th. The travel company reported $0.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.36. The business had revenue of $439.00 million during the quarter, compared to analyst estimates of $451.27 million. Tripadvisor had a net margin of 4.26% and a return on equity of 6.81%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 earnings per share. research analysts anticipate that Tripadvisor Inc will post 0.69 EPS for the current fiscal year.
A number of research firms have commented on TRIP. Cowen reaffirmed a “market perform” rating and set a $40.00 price objective (up from $30.00) on shares of Tripadvisor in a research note on Monday. Zacks Investment Research raised shares of Tripadvisor from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. Royal Bank Of Canada reduced their price objective on shares of Tripadvisor from $38.00 to $34.00 and set a “sector perform” rating for the company in a research note on Monday, November 13th. Jefferies Group reaffirmed a “sell” rating and set a $27.00 price objective on shares of Tripadvisor in a research note on Friday, November 10th. Finally, Hilliard Lyons lowered shares of Tripadvisor from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 8th. Eight research analysts have rated the stock with a sell rating and twenty have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $39.95.
TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.
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