TripAdvisor, Inc. (TRIP) Stake Raised by Aperio Group LLC
Aperio Group LLC boosted its stake in TripAdvisor, Inc. (NASDAQ:TRIP) by 34.4% during the second quarter, Holdings Channel reports. The fund owned 28,714 shares of the travel company’s stock after buying an additional 7,355 shares during the period. Aperio Group LLC’s holdings in TripAdvisor were worth $1,097,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. purchased a new position in TripAdvisor during the first quarter valued at approximately $113,000. Mn Services Vermogensbeheer B.V. raised its position in TripAdvisor by 6.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,213 shares of the travel company’s stock valued at $130,000 after buying an additional 201 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its position in TripAdvisor by 4.2% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,967 shares of the travel company’s stock valued at $171,000 after buying an additional 160 shares during the last quarter. Sphera Funds Management LTD. purchased a new position in TripAdvisor during the first quarter valued at approximately $173,000. Finally, Nordea Investment Management AB raised its position in TripAdvisor by 3.5% in the first quarter. Nordea Investment Management AB now owns 4,597 shares of the travel company’s stock valued at $198,000 after buying an additional 157 shares during the last quarter. 90.70% of the stock is owned by institutional investors.
TripAdvisor, Inc. (NASDAQ:TRIP) traded up 0.05% during mid-day trading on Wednesday, reaching $40.68. 1,111,339 shares of the company were exchanged. The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of 61.54 and a beta of 2.36. TripAdvisor, Inc. has a 1-year low of $35.34 and a 1-year high of $66.13. The stock’s 50-day moving average price is $38.45 and its 200-day moving average price is $42.14.
TripAdvisor (NASDAQ:TRIP) last announced its earnings results on Tuesday, August 8th. The travel company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by $0.05. TripAdvisor had a net margin of 6.26% and a return on equity of 8.62%. The firm had revenue of $424 million for the quarter, compared to analysts’ expectations of $421.66 million. During the same quarter last year, the business earned $0.38 earnings per share. The business’s revenue was up 8.4% compared to the same quarter last year. On average, equities research analysts anticipate that TripAdvisor, Inc. will post $1.15 EPS for the current fiscal year.
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Several research firms have commented on TRIP. Cowen and Company raised shares of TripAdvisor from an “underperform” rating to a “market perform” rating and set a $35.00 price objective for the company in a research note on Wednesday, July 19th. Stifel Nicolaus reaffirmed a “hold” rating on shares of TripAdvisor in a research note on Friday, July 28th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $54.00 price objective on shares of TripAdvisor in a research note on Wednesday, May 10th. Credit Suisse Group set a $45.00 price objective on shares of TripAdvisor and gave the stock a “hold” rating in a research note on Tuesday, May 9th. Finally, Bank of America Corporation reaffirmed an “underperform” rating and set a $35.00 price objective on shares of TripAdvisor in a research note on Sunday, May 28th. Nine research analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has issued a buy rating to the stock. TripAdvisor presently has an average rating of “Hold” and an average price target of $44.78.
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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