Riverhead Capital Management LLC grew its position in shares of TripAdvisor, Inc. (NASDAQ:TRIP) by 13.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,159 shares of the travel company’s stock after purchasing an additional 1,333 shares during the quarter. Riverhead Capital Management LLC’s holdings in TripAdvisor were worth $426,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. purchased a new position in shares of TripAdvisor during the 1st quarter valued at approximately $113,000. Sphera Funds Management LTD. purchased a new position in shares of TripAdvisor during the 1st quarter valued at approximately $173,000. Nordea Investment Management AB increased its holdings in shares of TripAdvisor by 3.5% during the 1st quarter. Nordea Investment Management AB now owns 4,597 shares of the travel company’s stock valued at $198,000 after purchasing an additional 157 shares in the last quarter. KCG Holdings Inc. purchased a new position in shares of TripAdvisor during the 1st quarter valued at approximately $205,000. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in shares of TripAdvisor by 7.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 5,303 shares of the travel company’s stock valued at $229,000 after purchasing an additional 377 shares in the last quarter. 86.18% of the stock is owned by hedge funds and other institutional investors.

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TripAdvisor, Inc. (NASDAQ:TRIP) opened at 44.365 on Friday. The firm has a market cap of $6.16 billion, a PE ratio of 67.118 and a beta of 2.37. The stock’s 50 day moving average is $41.78 and its 200 day moving average is $41.18. TripAdvisor, Inc. has a 12 month low of $35.34 and a 12 month high of $66.13.

TripAdvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Tuesday, August 8th. The travel company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.05). The company had revenue of $424.00 million for the quarter, compared to analysts’ expectations of $421.66 million. TripAdvisor had a return on equity of 8.62% and a net margin of 6.26%. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.38 EPS. On average, equities analysts forecast that TripAdvisor, Inc. will post $1.15 earnings per share for the current year.

Several research firms have recently weighed in on TRIP. Cowen and Company reaffirmed a “hold” rating and set a $42.00 target price on shares of TripAdvisor in a report on Tuesday, September 12th. ValuEngine raised shares of TripAdvisor from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Jefferies Group LLC lowered shares of TripAdvisor from a “hold” rating to an “underperform” rating and cut their price target for the stock from $50.00 to $30.00 in a report on Thursday, August 24th. SunTrust Banks, Inc. initiated coverage on shares of TripAdvisor in a report on Tuesday, August 15th. They issued a “hold” rating and a $44.00 price target for the company. Finally, Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $32.00 price target (down previously from $40.00) on shares of TripAdvisor in a report on Thursday, August 10th. Nine analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has issued a buy rating to the company. TripAdvisor currently has an average rating of “Hold” and an average target price of $43.44.

In related news, insider Dermot Halpin sold 12,859 shares of TripAdvisor stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $39.09, for a total transaction of $502,658.31. Following the completion of the sale, the insider now owns 5,364 shares in the company, valued at approximately $209,678.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.98% of the company’s stock.

TripAdvisor Company Profile

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.

Institutional Ownership by Quarter for TripAdvisor (NASDAQ:TRIP)

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