Traub Capital Management LLC Makes New $92,000 Investment in TripAdvisor, Inc. $TRIP

Traub Capital Management LLC bought a new stake in shares of TripAdvisor, Inc. (NASDAQ:TRIP) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,050 shares of the travel company’s stock, valued at approximately $92,000.

Other hedge funds have also recently made changes to their positions in the company. Penserra Capital Management LLC boosted its holdings in shares of TripAdvisor by 0.3% in the second quarter. Penserra Capital Management LLC now owns 240,847 shares of the travel company’s stock worth $3,143,000 after buying an additional 745 shares during the last quarter. Brown Miller Wealth Management LLC boosted its position in shares of TripAdvisor by 6.8% in the second quarter. Brown Miller Wealth Management LLC now owns 12,322 shares of the travel company’s stock worth $161,000 after purchasing an additional 781 shares during the period. Teacher Retirement System of Texas increased its stake in shares of TripAdvisor by 4.8% in the second quarter. Teacher Retirement System of Texas now owns 17,386 shares of the travel company’s stock worth $227,000 after purchasing an additional 802 shares in the last quarter. First Hawaiian Bank lifted its stake in shares of TripAdvisor by 2.9% during the 1st quarter. First Hawaiian Bank now owns 35,684 shares of the travel company’s stock valued at $506,000 after buying an additional 1,013 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in TripAdvisor by 86.9% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,055 shares of the travel company’s stock worth $43,000 after buying an additional 1,420 shares during the period. 98.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Seth J. Kalvert sold 10,880 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $20.04, for a total value of $218,035.20. Following the sale, the insider owned 136,914 shares in the company, valued at $2,743,756.56. This represents a 7.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TRIP shares. Wall Street Zen downgraded shares of TripAdvisor from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Mizuho set a $17.00 price target on TripAdvisor and gave the stock a “neutral” rating in a research report on Friday, November 14th. B. Riley dropped their target price on TripAdvisor from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Citigroup raised their target price on shares of TripAdvisor from $16.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday, August 18th. Finally, Barclays cut their target price on TripAdvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a research report on Friday, November 7th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $16.66.

TripAdvisor Stock Up 0.6%

TRIP stock opened at $14.55 on Thursday. TripAdvisor, Inc. has a fifty-two week low of $10.43 and a fifty-two week high of $20.16. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 2.49 and a beta of 1.21. The company’s 50 day moving average price is $16.26 and its 200 day moving average price is $15.99.

TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Thursday, November 6th. The travel company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.07. TripAdvisor had a net margin of 3.53% and a return on equity of 12.40%. The business had revenue of $553.00 million during the quarter, compared to the consensus estimate of $562.92 million. During the same quarter in the previous year, the firm earned $0.50 EPS. The company’s revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts anticipate that TripAdvisor, Inc. will post 0.46 EPS for the current fiscal year.

About TripAdvisor

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.