Bank of Montreal Can boosted its position in TripAdvisor, Inc. (NASDAQ:TRIP) by 20.6% during the second quarter, Holdings Channel reports. The institutional investor owned 49,999 shares of the travel company’s stock after buying an additional 8,531 shares during the period. Bank of Montreal Can’s holdings in TripAdvisor were worth $1,909,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRIP. Teachers Advisors LLC increased its position in TripAdvisor by 5.5% in the fourth quarter. Teachers Advisors LLC now owns 125,474 shares of the travel company’s stock worth $5,818,000 after buying an additional 6,500 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its position in TripAdvisor by 1.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 97,350 shares of the travel company’s stock worth $4,202,000 after buying an additional 1,844 shares in the last quarter. Gulf International Bank UK Ltd increased its position in TripAdvisor by 0.9% in the first quarter. Gulf International Bank UK Ltd now owns 34,810 shares of the travel company’s stock worth $1,502,000 after buying an additional 300 shares in the last quarter. CWM LLC increased its position in TripAdvisor by 35.1% in the first quarter. CWM LLC now owns 50,766 shares of the travel company’s stock worth $2,191,000 after buying an additional 13,194 shares in the last quarter. Finally, DnB Asset Management AS purchased a new position in TripAdvisor during the first quarter worth approximately $15,645,000. 90.70% of the stock is currently owned by institutional investors.

Shares of TripAdvisor, Inc. (TRIP) traded down 1.23% during mid-day trading on Monday, reaching $41.66. The company’s stock had a trading volume of 1,489,465 shares. The company has a 50 day moving average of $38.21 and a 200-day moving average of $42.44. The firm has a market capitalization of $5.78 billion, a P/E ratio of 63.03 and a beta of 2.36. TripAdvisor, Inc. has a 12 month low of $35.34 and a 12 month high of $66.13.

TripAdvisor (NASDAQ:TRIP) last announced its earnings results on Tuesday, August 8th. The travel company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.30 by $0.05. The business had revenue of $424 million during the quarter, compared to analyst estimates of $421.66 million. TripAdvisor had a return on equity of 8.62% and a net margin of 6.26%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.38 earnings per share. Equities research analysts forecast that TripAdvisor, Inc. will post $1.15 EPS for the current year.

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A number of research analysts have commented on TRIP shares. Vetr downgraded TripAdvisor from a “buy” rating to a “hold” rating and set a $42.29 target price on the stock. in a report on Monday, April 17th. Zacks Investment Research raised TripAdvisor from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 19th. Jefferies Group LLC reaffirmed a “hold” rating and set a $54.00 target price on shares of TripAdvisor in a report on Monday, April 24th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $48.00 target price on shares of TripAdvisor in a report on Monday, May 8th. Finally, Credit Suisse Group set a $45.00 target price on TripAdvisor and gave the stock a “hold” rating in a report on Tuesday, May 9th. Nine analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $44.82.

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.

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Institutional Ownership by Quarter for TripAdvisor (NASDAQ:TRIP)

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