TripAdvisor, Inc. (TRIP) Shares Sold by Russell Investments Group Ltd.
Russell Investments Group Ltd. decreased its stake in shares of TripAdvisor, Inc. (NASDAQ:TRIP) by 2.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 402,153 shares of the travel company’s stock after selling 8,364 shares during the period. Russell Investments Group Ltd.’s holdings in TripAdvisor were worth $15,362,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of TRIP. Global Thematic Partners LLC bought a new position in TripAdvisor during the first quarter valued at approximately $17,286,000. Candriam Luxembourg S.C.A. boosted its stake in shares of TripAdvisor by 62.8% in the first quarter. Candriam Luxembourg S.C.A. now owns 7,314 shares of the travel company’s stock worth $316,000 after buying an additional 2,821 shares in the last quarter. Retirement Systems of Alabama boosted its stake in shares of TripAdvisor by 14.5% in the first quarter. Retirement Systems of Alabama now owns 165,348 shares of the travel company’s stock worth $7,136,000 after buying an additional 20,959 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of TripAdvisor by 32.3% in the first quarter. Nisa Investment Advisors LLC now owns 22,357 shares of the travel company’s stock worth $965,000 after buying an additional 5,455 shares in the last quarter. Finally, DnB Asset Management AS acquired a new stake in shares of TripAdvisor during the first quarter worth about $15,645,000. Institutional investors and hedge funds own 89.06% of the company’s stock.
TripAdvisor, Inc. (TRIP) traded down 0.02% during mid-day trading on Thursday, reaching $40.53. 3,933,632 shares of the company were exchanged. TripAdvisor, Inc. has a 12-month low of $35.34 and a 12-month high of $66.13. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of 58.57 and a beta of 2.36. The company’s 50 day moving average price is $37.91 and its 200-day moving average price is $42.53. TripAdvisor also saw some unusual options trading activity on Tuesday. Stock investors bought 12,124 put options on the stock. This represents an increase of 753% compared to the average daily volume of 1,421 put options.
TripAdvisor (NASDAQ:TRIP) last issued 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 firm had revenue of $424 million during the quarter, compared to analyst estimates of $421.66 million. TripAdvisor had a net margin of 6.26% and a return on equity of 8.43%. TripAdvisor’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 earnings per share. On average, equities research analysts forecast that TripAdvisor, Inc. will post $1.15 earnings per share for the current fiscal year.
TRIP has been the subject of a number of recent research reports. Royal Bank Of Canada reiterated a “hold” rating and issued a $47.00 price objective on shares of TripAdvisor in a report on Monday. Zacks Investment Research upgraded shares of TripAdvisor from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Vetr cut shares of TripAdvisor from a “buy” rating to a “hold” rating and set a $42.29 price objective for the company. in a report on Monday, April 17th. Credit Suisse Group cut shares of TripAdvisor from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $40.00 to $34.00 in a report on Monday, June 19th. Finally, Barclays PLC decreased their price objective on shares of TripAdvisor from $52.00 to $48.00 and set an “equal weight” rating for the company in a report on Monday. Nine research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $45.94.
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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