First Mercantile Trust Co. reduced its stake in Tripadvisor Inc (NASDAQ:TRIP) by 46.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,725 shares of the travel company’s stock after selling 13,505 shares during the period. First Mercantile Trust Co.’s holdings in Tripadvisor were worth $608,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of TRIP. Retirement Systems of Alabama increased its stake in Tripadvisor by 11.8% in the second quarter. Retirement Systems of Alabama now owns 171,795 shares of the travel company’s stock valued at $7,952,000 after purchasing an additional 18,127 shares in the last quarter. DAVENPORT & Co LLC increased its position in shares of Tripadvisor by 9.9% during the second quarter. DAVENPORT & Co LLC now owns 21,638 shares of the travel company’s stock worth $1,002,000 after acquiring an additional 1,950 shares in the last quarter. NN Investment Partners Holdings N.V. increased its position in shares of Tripadvisor by 1.0% during the second quarter. NN Investment Partners Holdings N.V. now owns 102,533 shares of the travel company’s stock worth $4,746,000 after acquiring an additional 1,044 shares in the last quarter. Polianta Ltd bought a new stake in shares of Tripadvisor during the second quarter worth about $1,092,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Tripadvisor by 27.1% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 43,131 shares of the travel company’s stock worth $1,997,000 after acquiring an additional 9,200 shares in the last quarter. 85.77% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:TRIP traded up $0.05 during trading on Friday, reaching $31.70. The company had a trading volume of 157,077 shares, compared to its average volume of 1,317,505. The company has a fifty day moving average of $38.89 and a two-hundred day moving average of $43.22. The stock has a market capitalization of $5.71 billion, a P/E ratio of 30.19, a price-to-earnings-growth ratio of 1.89 and a beta of 1.37. Tripadvisor Inc has a 12 month low of $29.27 and a 12 month high of $69.00.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.05. The firm had revenue of $428.00 million for the quarter, compared to analyst estimates of $459.39 million. Tripadvisor had a net margin of 8.49% and a return on equity of 10.63%. The business’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.72 EPS. As a group, equities research analysts predict that Tripadvisor Inc will post 1.27 EPS for the current year.

In other news, insider Dermot Halpin sold 3,409 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $40.23, for a total value of $137,144.07. Following the transaction, the insider now owns 752 shares of the company’s stock, valued at approximately $30,252.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.50% of the stock is owned by corporate insiders.

TRIP has been the subject of several recent research reports. UBS Group raised shares of Tripadvisor from a “sell” rating to a “neutral” rating and decreased their target price for the stock from $44.00 to $40.00 in a research report on Wednesday, September 4th. Piper Jaffray Companies boosted their target price on shares of Tripadvisor from $39.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday. Bank of America decreased their target price on shares of Tripadvisor from $43.00 to $40.00 and set an “underperform” rating for the company in a research report on Friday, August 9th. Standpoint Research initiated coverage on shares of Tripadvisor in a research report on Tuesday, July 16th. They set a “buy” rating and a $60.00 target price for the company. Finally, Deutsche Bank decreased their target price on shares of Tripadvisor from $54.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. Tripadvisor has a consensus rating of “Hold” and a consensus target price of $50.19.

Tripadvisor 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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Institutional Ownership by Quarter for Tripadvisor (NASDAQ:TRIP)

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