Vontobel Holding Ltd. Sells 70,590 Shares of TripAdvisor, Inc. $TRIP

Vontobel Holding Ltd. lowered its position in shares of TripAdvisor, Inc. (NASDAQ:TRIP) by 75.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,786 shares of the travel company’s stock after selling 70,590 shares during the quarter. Vontobel Holding Ltd.’s holdings in TripAdvisor were worth $191,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in TripAdvisor during the second quarter worth about $239,065,000. State Street Corp raised its position in TripAdvisor by 1.6% in the second quarter. State Street Corp now owns 4,966,046 shares of the travel company’s stock worth $68,084,000 after acquiring an additional 77,501 shares in the last quarter. Dimensional Fund Advisors LP raised its position in TripAdvisor by 5.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,973,534 shares of the travel company’s stock worth $42,356,000 after acquiring an additional 210,591 shares in the last quarter. U S Global Investors Inc. lifted its holdings in TripAdvisor by 32.3% in the 1st quarter. U S Global Investors Inc. now owns 1,372,941 shares of the travel company’s stock valued at $14,636,000 after acquiring an additional 335,087 shares during the last quarter. Finally, Converium Capital Inc. acquired a new stake in TripAdvisor in the 1st quarter valued at about $11,460,000. 98.99% of the stock is owned by institutional investors and hedge funds.

TripAdvisor Stock Performance

TRIP opened at $9.67 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.28. The firm has a market cap of $1.13 billion, a PE ratio of 967.97, a P/E/G ratio of 3.80 and a beta of 0.86. The business has a fifty day simple moving average of $9.19 and a 200-day simple moving average of $11.07. TripAdvisor, Inc. has a fifty-two week low of $8.02 and a fifty-two week high of $17.53.

TripAdvisor (NASDAQ:TRIP) last announced its earnings results on Thursday, August 6th. The travel company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The company had revenue of $385.30 million for the quarter, compared to analyst estimates of $506.27 million. TripAdvisor had a return on equity of 4.23% and a net margin of 0.28%. The firm’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share. As a group, equities analysts predict that TripAdvisor, Inc. will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling at TripAdvisor

In related news, CEO Almir Ambeskovic sold 8,000 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $9.45, for a total value of $75,600.00. Following the completion of the transaction, the chief executive officer owned 30,456 shares in the company, valued at $287,809.20. This trade represents a 20.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

TRIP has been the subject of several research reports. Weiss Ratings restated a “sell (d)” rating on shares of TripAdvisor in a research report on Wednesday, August 12th. JPMorgan Chase & Co. dropped their target price on shares of TripAdvisor from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Friday, August 7th. BTIG Research downgraded shares of TripAdvisor from a “buy” rating to a “neutral” rating in a report on Tuesday, July 21st. B. Riley Financial cut their target price on shares of TripAdvisor from $13.00 to $12.50 and set a “neutral” rating for the company in a research note on Monday, August 10th. Finally, UBS Group reduced their target price on shares of TripAdvisor from $15.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, August 11th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, TripAdvisor has an average rating of “Reduce” and a consensus price target of $14.04.

TripAdvisor Company Profile

Tripadvisor, Inc (NASDAQ: TRIP) operates a global travel guidance and experiences platform. Its flagship Tripadvisor brand provides user-generated reviews, ratings, photos and travel information covering hotels, restaurants, attractions and destinations, helping travelers research and plan trips.

The company also operates Viator, an online marketplace for tours, activities and other travel experiences, and TheFork, a digital restaurant reservation platform serving diners and restaurants.