TripAdvisor, Inc. $TRIP Shares Sold by Van Lanschot Kempen Investment Management N.V.

Van Lanschot Kempen Investment Management N.V. trimmed its stake in shares of TripAdvisor, Inc. (NASDAQ:TRIP) by 21.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,815,534 shares of the travel company’s stock after selling 506,074 shares during the period. Van Lanschot Kempen Investment Management N.V.’s holdings in TripAdvisor were worth $26,434,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of TRIP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of TripAdvisor by 29.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,998 shares of the travel company’s stock valued at $1,162,000 after acquiring an additional 18,699 shares during the period. Jones Financial Companies Lllp lifted its position in shares of TripAdvisor by 1,183.2% during the 1st quarter. Jones Financial Companies Lllp now owns 6,416 shares of the travel company’s stock valued at $85,000 after acquiring an additional 5,916 shares during the period. Empowered Funds LLC lifted its position in shares of TripAdvisor by 14.2% during the 1st quarter. Empowered Funds LLC now owns 13,475 shares of the travel company’s stock valued at $191,000 after acquiring an additional 1,676 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of TripAdvisor by 8.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 297,532 shares of the travel company’s stock valued at $4,216,000 after acquiring an additional 22,136 shares during the period. Finally, Creative Planning acquired a new stake in shares of TripAdvisor during the 2nd quarter valued at approximately $349,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TRIP. Barclays dropped their price objective on shares of TripAdvisor from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Monday, May 11th. The Goldman Sachs Group dropped their price objective on shares of TripAdvisor from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Bank of America raised shares of TripAdvisor from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $14.00 to $15.00 in a research note on Friday, March 27th. Zacks Research cut shares of TripAdvisor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Finally, Cantor Fitzgerald set a $10.00 price objective on shares of TripAdvisor and gave the stock an “underweight” rating in a research note on Friday, February 13th. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $14.76.

TripAdvisor Trading Up 4.2%

Shares of TRIP opened at $12.41 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a 50 day simple moving average of $10.92 and a 200-day simple moving average of $12.01. TripAdvisor, Inc. has a 1-year low of $9.01 and a 1-year high of $20.16. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 124.11, a price-to-earnings-growth ratio of 2.34 and a beta of 0.90.

TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Thursday, May 7th. The travel company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.08). The business had revenue of $382.40 million for the quarter, compared to analysts’ expectations of $384.69 million. TripAdvisor had a return on equity of 5.73% and a net margin of 0.99%.The company’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period last year, the business earned $0.14 earnings per share. Equities analysts forecast that TripAdvisor, Inc. will post 0.69 EPS for the current fiscal year.

Insider Buying and Selling

In other TripAdvisor news, CEO Almir Ambeskovic sold 8,000 shares of TripAdvisor stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $12.30, for a total value of $98,400.00. Following the completion of the sale, the chief executive officer directly owned 34,396 shares of the company’s stock, valued at approximately $423,070.80. The trade was a 18.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.10% of the company’s stock.

About TripAdvisor

TripAdvisor (NASDAQ:TRIP) is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company’s flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor’s offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.