Robeco Institutional Asset Management B.V. boosted its holdings in Tripadvisor Inc (NASDAQ:TRIP) by 75.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 500,948 shares of the travel company’s stock after purchasing an additional 214,800 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Tripadvisor were worth $25,776,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Two Sigma Advisers LP increased its holdings in shares of Tripadvisor by 637.1% during the fourth quarter. Two Sigma Advisers LP now owns 342,732 shares of the travel company’s stock valued at $18,487,000 after acquiring an additional 296,232 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Tripadvisor by 8.5% during the fourth quarter. Northern Trust Corp now owns 1,331,988 shares of the travel company’s stock valued at $71,848,000 after acquiring an additional 104,572 shares in the last quarter. Xact Kapitalforvaltning AB increased its holdings in shares of Tripadvisor by 24.1% during the fourth quarter. Xact Kapitalforvaltning AB now owns 20,905 shares of the travel company’s stock valued at $1,128,000 after acquiring an additional 4,057 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd increased its holdings in shares of Tripadvisor by 4.2% during the fourth quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,196,989 shares of the travel company’s stock valued at $118,505,000 after acquiring an additional 89,436 shares in the last quarter. Finally, California Public Employees Retirement System increased its holdings in shares of Tripadvisor by 0.7% during the fourth quarter. California Public Employees Retirement System now owns 260,835 shares of the travel company’s stock valued at $14,069,000 after acquiring an additional 1,922 shares in the last quarter. Institutional investors and hedge funds own 88.64% of the company’s stock.
Shares of Tripadvisor stock opened at $47.47 on Friday. Tripadvisor Inc has a 12-month low of $43.40 and a 12-month high of $69.00. The firm has a market cap of $6.75 billion, a P/E ratio of 45.21, a P/E/G ratio of 3.12 and a beta of 1.29.
Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Tuesday, May 7th. The travel company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.05. Tripadvisor had a return on equity of 10.24% and a net margin of 8.31%. The business had revenue of $376.00 million for the quarter, compared to analysts’ expectations of $387.27 million. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The business’s revenue was down .5% on a year-over-year basis. On average, analysts forecast that Tripadvisor Inc will post 1.27 EPS for the current fiscal year.
In other Tripadvisor news, CFO Ernst 02494 Teunissen sold 15,418 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $53.08, for a total value of $818,387.44. Following the transaction, the chief financial officer now owns 12,668 shares of the company’s stock, valued at $672,417.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Seth J. Kalvert sold 11,016 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $51.93, for a total value of $572,060.88. The disclosure for this sale can be found here. In the last three months, insiders sold 62,114 shares of company stock worth $3,384,884. Insiders own 3.10% of the company’s stock.
Several equities research analysts have recently commented on the company. Deutsche Bank upgraded Tripadvisor from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Friday, May 3rd. Barclays decreased their price objective on Tripadvisor from $78.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday. SunTrust Banks restated a “hold” rating on shares of Tripadvisor in a report on Monday, May 6th. BidaskClub downgraded Tripadvisor from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. Finally, Wedbush restated a “neutral” rating and set a $50.00 price objective (down previously from $60.00) on shares of Tripadvisor in a report on Thursday. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $56.40.
Tripadvisor Company Profile
TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotel and Non-Hotel. The company operates TripAdvisor-branded Websites, including tripadvisor.com in the United States; and localized versions of the Website in 48 markets and 28 languages. It also manages and operates other travel media brands that provide users the comprehensive travel-planning and trip-taking resources in the travel industry, such as airfarewatchdog.com, bookingbuddy.com, cruisecritic.com, familyvacationcritic.com, flipkey.com, thefork.com, holidaywatchdog.com, housetrip.com, jetsetter.com, niumba.com, onetime.com, oyster.com, seatguru.com, smartertravel.com, tingo.com, vacationhomerentals.com, and viator.com, as well as www.bokun.io and holidaylettings.co.uk.
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