Headwater Capital Co Ltd Decreases Stake in TripAdvisor, Inc. $TRIP

Headwater Capital Co Ltd reduced its holdings in TripAdvisor, Inc. (NASDAQ:TRIP) by 62.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 350,000 shares of the travel company’s stock after selling 570,000 shares during the period. TripAdvisor makes up 1.0% of Headwater Capital Co Ltd’s holdings, making the stock its 15th biggest position. Headwater Capital Co Ltd owned 0.30% of TripAdvisor worth $5,096,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TRIP. Smartleaf Asset Management LLC raised its stake in TripAdvisor by 39.7% during the third quarter. Smartleaf Asset Management LLC now owns 2,482 shares of the travel company’s stock worth $42,000 after purchasing an additional 705 shares during the period. Tower Research Capital LLC TRC raised its stake in TripAdvisor by 308.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,077 shares of the travel company’s stock worth $53,000 after purchasing an additional 3,078 shares during the period. CIBC Private Wealth Group LLC purchased a new position in TripAdvisor during the third quarter worth about $58,000. State of Wyoming purchased a new position in TripAdvisor during the third quarter worth about $60,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in TripAdvisor by 376.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,127 shares of the travel company’s stock worth $67,000 after purchasing an additional 4,052 shares during the period. 98.99% of the stock is owned by hedge funds and other institutional investors.

TripAdvisor Price Performance

Shares of TRIP opened at $11.91 on Friday. TripAdvisor, Inc. has a 1-year low of $9.01 and a 1-year high of $20.16. The stock has a market cap of $1.39 billion, a PE ratio of 119.11, a P/E/G ratio of 2.28 and a beta of 0.90. The firm has a 50-day simple moving average of $10.88 and a two-hundred day simple moving average of $12.01. 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 announced its quarterly earnings results on Thursday, May 7th. The travel company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.08). TripAdvisor had a net margin of 0.99% and a return on equity of 5.73%. The company had revenue of $382.40 million for the quarter, compared to analyst estimates of $384.69 million. During the same quarter in the prior year, the business earned $0.14 earnings per share. TripAdvisor’s revenue was down 4.0% on a year-over-year basis. As a group, analysts forecast that TripAdvisor, Inc. will post 0.69 EPS for the current year.

Analyst Ratings Changes

TRIP has been the topic of a number of analyst reports. The Goldman Sachs Group reduced their target price on shares of TripAdvisor from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Bank of America raised shares of TripAdvisor from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $14.00 to $15.00 in a research note on Friday, March 27th. BTIG Research reaffirmed a “buy” rating and set a $15.00 target price on shares of TripAdvisor in a research note on Friday, May 29th. DA Davidson reduced their target price on shares of TripAdvisor from $11.00 to $10.50 and set a “neutral” rating on the stock in a research note on Monday, May 18th. Finally, Barclays reduced their target price on shares of TripAdvisor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Monday, May 11th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $14.76.

Insider Buying and Selling at TripAdvisor

In other TripAdvisor news, CEO Almir Ambeskovic sold 8,000 shares of TripAdvisor 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 sale, the chief executive officer directly owned 34,396 shares in the company, valued at $423,070.80. This trade represents a 18.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.10% of the stock is currently owned by corporate insiders.

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.