KLP Kapitalforvaltning AS Grows Stock Holdings in TripAdvisor, Inc. $TRIP

KLP Kapitalforvaltning AS grew its holdings in shares of TripAdvisor, Inc. (NASDAQ:TRIPFree Report) by 19.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 23,500 shares of the travel company’s stock after purchasing an additional 3,800 shares during the period. KLP Kapitalforvaltning AS’s holdings in TripAdvisor were worth $307,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Wittenberg Investment Management Inc. boosted its stake in shares of TripAdvisor by 80.0% in the first quarter. Wittenberg Investment Management Inc. now owns 126,000 shares of the travel company’s stock valued at $1,785,000 after purchasing an additional 56,000 shares during the period. Teacher Retirement System of Texas purchased a new position in shares of TripAdvisor in the first quarter valued at $235,000. Raymond James Financial Inc. boosted its stake in shares of TripAdvisor by 16.9% in the first quarter. Raymond James Financial Inc. now owns 238,094 shares of the travel company’s stock valued at $3,374,000 after purchasing an additional 34,347 shares during the period. Lightrock Netherlands B.V. boosted its stake in shares of TripAdvisor by 54.4% in the first quarter. Lightrock Netherlands B.V. now owns 791,287 shares of the travel company’s stock valued at $11,231,000 after purchasing an additional 278,821 shares during the period. Finally, New York State Common Retirement Fund boosted its stake in shares of TripAdvisor by 262.1% in the first quarter. New York State Common Retirement Fund now owns 207,195 shares of the travel company’s stock valued at $2,936,000 after purchasing an additional 149,980 shares during the period. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TRIP. B. Riley upped their target price on shares of TripAdvisor from $17.00 to $21.00 and gave the company a “neutral” rating in a research note on Monday, August 11th. Bank of America began coverage on shares of TripAdvisor in a research note on Monday, July 14th. They issued a “neutral” rating and a $19.00 target price for the company. Wall Street Zen upgraded shares of TripAdvisor from a “buy” rating to a “strong-buy” rating in a research note on Sunday. DA Davidson set a $16.25 price target on shares of TripAdvisor in a report on Tuesday, July 8th. Finally, UBS Group reaffirmed a “neutral” rating on shares of TripAdvisor in a report on Sunday, August 10th. Eight analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, TripAdvisor presently has a consensus rating of “Reduce” and an average price target of $17.03.

Read Our Latest Stock Report on TripAdvisor

Insider Buying and Selling at TripAdvisor

In other TripAdvisor news, insider Seth J. Kalvert sold 10,880 shares of the stock in a transaction on Friday, September 19th. The shares were sold at an average price of $20.04, for a total transaction of $218,035.20. Following the sale, the insider directly owned 136,914 shares of the company’s stock, valued at approximately $2,743,756.56. This represents a 7.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.10% of the company’s stock.

TripAdvisor Trading Down 1.2%

TRIP opened at $15.31 on Monday. The stock has a market capitalization of $1.78 billion, a PE ratio of 31.90, a P/E/G ratio of 2.38 and a beta of 1.21. The firm’s fifty day moving average price is $17.07 and its 200 day moving average price is $15.41. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.24 and a quick ratio of 1.24. TripAdvisor, Inc. has a 12-month low of $10.43 and a 12-month high of $20.16.

TripAdvisor (NASDAQ:TRIPGet Free Report) last issued its earnings results on Thursday, August 7th. The travel company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. The company had revenue of $529.00 million for the quarter, compared to analysts’ expectations of $529.91 million. TripAdvisor had a net margin of 3.53% and a return on equity of 12.40%. The firm’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 earnings per share. TripAdvisor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts expect that TripAdvisor, Inc. will post 0.46 EPS for the current fiscal year.

TripAdvisor Profile

(Free Report)

TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.

See Also

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Institutional Ownership by Quarter for TripAdvisor (NASDAQ:TRIP)

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