American International Group Inc. trimmed its stake in Tripadvisor Inc (NASDAQ:TRIP) by 14.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,089 shares of the travel company’s stock after selling 5,805 shares during the period. American International Group Inc.’s holdings in Tripadvisor were worth $1,422,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of TRIP. D.A. Davidson & CO. grew its position in shares of Tripadvisor by 957.0% in the 3rd quarter. D.A. Davidson & CO. now owns 5,655 shares of the travel company’s stock valued at $229,000 after buying an additional 5,120 shares during the last quarter. BlueMountain Capital Management LLC purchased a new position in shares of Tripadvisor in the 2nd quarter valued at $242,000. Cutter & CO Brokerage Inc. grew its position in shares of Tripadvisor by 0.5% in the 2nd 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 during the last quarter. Westfield Capital Management Co. LP purchased a new position in shares of Tripadvisor in the 2nd quarter valued at $252,000. Finally, Flinton Capital Management LLC grew its position in shares of Tripadvisor by 12.9% in the 2nd 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 during the last quarter. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

TRIP has been the topic of a number of recent analyst reports. Jefferies Group downgraded shares of Tripadvisor from a “hold” rating to an “underperform” rating and dropped their target price for the company from $50.00 to $30.00 in a research report on Thursday, August 24th. ValuEngine raised shares of Tripadvisor from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Cowen reaffirmed a “hold” rating and issued a $42.00 target price on shares of Tripadvisor in a research report on Tuesday, September 12th. Raymond James Financial reaffirmed a “market perform” rating on shares of Tripadvisor in a research report on Tuesday, September 26th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $41.00 target price (up from $39.00) on shares of Tripadvisor in a research report on Tuesday, October 3rd. Seven investment analysts have rated the stock with a sell rating and twenty have given a hold rating to the stock. Tripadvisor presently has an average rating of “Hold” and a consensus price target of $39.44.

Shares of Tripadvisor Inc (NASDAQ:TRIP) opened at $34.49 on Friday. The firm has a market cap of $4,820.00, a price-to-earnings ratio of 50.87, a P/E/G ratio of 2.85 and a beta of 2.32. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.47 and a current ratio of 2.47. Tripadvisor Inc has a 52 week low of $29.50 and a 52 week high of $53.58.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Monday, November 6th. The travel company reported $0.36 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.36. The firm had revenue of $439.00 million during the quarter, compared to analysts’ expectations of $451.27 million. Tripadvisor had a net margin of 4.26% and a return on equity of 6.81%. Tripadvisor’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 EPS. analysts forecast that Tripadvisor Inc will post 0.69 earnings per share for the current year.

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About Tripadvisor

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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Institutional Ownership by Quarter for Tripadvisor (NASDAQ:TRIP)

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