TripAdvisor, Inc. $TRIP Shares Bought by U S Global Investors Inc.

U S Global Investors Inc. grew its holdings in shares of TripAdvisor, Inc. (NASDAQ:TRIP) by 32.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,372,941 shares of the travel company’s stock after acquiring an additional 335,087 shares during the period. TripAdvisor accounts for 1.7% of U S Global Investors Inc.’s portfolio, making the stock its 15th biggest position. U S Global Investors Inc.’s holdings in TripAdvisor were worth $14,636,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in TRIP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in TripAdvisor by 29.5% in the first 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 in the last quarter. Jones Financial Companies Lllp grew its holdings in TripAdvisor by 1,183.2% during the 1st quarter. Jones Financial Companies Lllp now owns 6,416 shares of the travel company’s stock worth $85,000 after acquiring an additional 5,916 shares in the last quarter. Empowered Funds LLC grew its holdings in TripAdvisor by 14.2% during the 1st quarter. Empowered Funds LLC now owns 13,475 shares of the travel company’s stock worth $191,000 after acquiring an additional 1,676 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of TripAdvisor by 8.0% in 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 worth $4,216,000 after purchasing an additional 22,136 shares during the last quarter. Finally, Creative Planning bought a new stake in shares of TripAdvisor in the 2nd quarter worth about $349,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Almir Ambeskovic sold 8,000 shares of TripAdvisor stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $12.30, for a total value of $98,400.00. Following the sale, the chief executive officer directly owned 34,396 shares in the company, valued at $423,070.80. This trade represents a 18.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Bank of America raised shares of TripAdvisor from a “neutral” rating to a “buy” rating and increased their price target for the stock from $14.00 to $15.00 in a research report on Friday, March 27th. UBS Group cut their price objective on TripAdvisor from $16.00 to $13.70 and set a “neutral” rating on the stock in a research note on Monday, April 27th. Wedbush increased their target price on TripAdvisor from $19.00 to $20.00 and gave the stock an “outperform” rating in a report on Tuesday, June 16th. BTIG Research reiterated a “buy” rating on shares of TripAdvisor in a research report on Monday, June 15th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of TripAdvisor in a report on Friday, May 15th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $15.19.

TripAdvisor Stock Performance

NASDAQ TRIP traded up $0.65 during trading hours on Friday, hitting $13.98. The company had a trading volume of 2,841,039 shares, compared to its average volume of 3,981,448. TripAdvisor, Inc. has a fifty-two week low of $9.01 and a fifty-two week high of $20.16. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.36. The business has a fifty day simple moving average of $11.80 and a 200-day simple moving average of $11.78. The firm has a market cap of $1.63 billion, a P/E ratio of 139.81, a price-to-earnings-growth ratio of 2.61 and a beta of 0.86.

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

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.