Tripadvisor, Inc. (NASDAQ:TRIP) Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC cut its holdings in shares of Tripadvisor, Inc. (NASDAQ:TRIPGet Rating) by 33.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,000 shares of the travel company’s stock after selling 5,000 shares during the period. Lazard Asset Management LLC’s holdings in Tripadvisor were worth $272,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Par Capital Management Inc. lifted its position in shares of Tripadvisor by 23.0% in the 3rd quarter. Par Capital Management Inc. now owns 12,347,046 shares of the travel company’s stock valued at $417,948,000 after acquiring an additional 2,310,000 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Tripadvisor by 223.7% in the 3rd quarter. Goldman Sachs Group Inc. now owns 693,008 shares of the travel company’s stock valued at $23,459,000 after acquiring an additional 1,253,077 shares in the last quarter. Invesco Ltd. lifted its position in shares of Tripadvisor by 485.6% in the 3rd quarter. Invesco Ltd. now owns 1,280,425 shares of the travel company’s stock valued at $43,342,000 after acquiring an additional 1,061,788 shares in the last quarter. FIL Ltd lifted its position in Tripadvisor by 33.7% in the 3rd quarter. FIL Ltd now owns 3,998,914 shares of the travel company’s stock worth $135,363,000 after buying an additional 1,007,436 shares in the last quarter. Finally, Rubric Capital Management LP purchased a new stake in Tripadvisor in the 3rd quarter worth approximately $31,201,000. 82.89% of the stock is owned by institutional investors and hedge funds.

In other news, Director Gregory B. Maffei purchased 50,000 shares of the business’s stock in a transaction that occurred on Friday, March 4th. The stock was purchased at an average cost of $22.38 per share, with a total value of $1,119,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.50% of the company’s stock.

TRIP has been the subject of a number of research analyst reports. Citigroup cut their target price on shares of Tripadvisor from $30.00 to $26.00 and set a “neutral” rating for the company in a research report on Monday, May 9th. StockNews.com initiated coverage on shares of Tripadvisor in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research upgraded shares of Tripadvisor from a “sell” rating to a “hold” rating and set a $26.00 target price for the company in a research report on Wednesday, April 27th. Mizuho cut their target price on shares of Tripadvisor from $36.00 to $30.00 in a research report on Friday, February 18th. Finally, Credit Suisse Group dropped their price target on shares of Tripadvisor from $36.00 to $30.00 and set a “neutral” rating on the stock in a research note on Friday, February 18th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $35.00.

NASDAQ:TRIP opened at $24.77 on Friday. The company has a 50-day moving average of $25.38 and a 200-day moving average of $27.04. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of -33.93 and a beta of 1.35. Tripadvisor, Inc. has a 52 week low of $20.25 and a 52 week high of $44.99. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.23 and a current ratio of 2.23.

Tripadvisor (NASDAQ:TRIPGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The travel company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). The business had revenue of $262.00 million for the quarter, compared to the consensus estimate of $249.70 million. Tripadvisor had a negative return on equity of 12.01% and a negative net margin of 9.80%. Tripadvisor’s revenue was up 113.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.56) earnings per share. Sell-side analysts forecast that Tripadvisor, Inc. will post 0.28 EPS for the current year.

About Tripadvisor (Get Rating)

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotels, Media & Platform; and Experiences & Dining. The company operates TripAdvisor-branded websites, including tripadvisor.com in the United States; and localized versions of the website in 40 markets and 20 languages.

Featured Articles

Want to see what other hedge funds are holding TRIP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tripadvisor, Inc. (NASDAQ:TRIPGet Rating).

Institutional Ownership by Quarter for Tripadvisor (NASDAQ:TRIP)

Receive News & Ratings for Tripadvisor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tripadvisor and related companies with MarketBeat.com's FREE daily email newsletter.