Quantitative Investment Management LLC lifted its holdings in shares of Tripadvisor Inc (NASDAQ:TRIP) by 395.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 146,300 shares of the travel company’s stock after purchasing an additional 116,800 shares during the period. Quantitative Investment Management LLC owned 0.11% of Tripadvisor worth $5,041,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. FNY Managed Accounts LLC acquired a new position in Tripadvisor in the third quarter valued at $101,000. SeaCrest Wealth Management LLC acquired a new position in Tripadvisor in the fourth quarter valued at $104,000. NuWave Investment Management LLC acquired a new position in Tripadvisor in the fourth quarter valued at $116,000. Steward Partners Investment Advisory LLC lifted its holdings in Tripadvisor by 164.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,880 shares of the travel company’s stock valued at $168,000 after buying an additional 3,037 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in Tripadvisor in the fourth quarter valued at $180,000. Institutional investors own 89.13% of the company’s stock.
In other news, insider Dermot Halpin sold 26,313 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $42.49, for a total transaction of $1,118,039.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ernst 02494 Teunissen sold 9,457 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $40.00, for a total transaction of $378,280.00. Following the sale, the chief financial officer now directly owns 13,866 shares of the company’s stock, valued at $554,640. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,116 shares of company stock valued at $1,508,256. 1.09% of the stock is currently owned by insiders.
Tripadvisor (NASDAQ:TRIP) last posted its earnings results on Wednesday, February 14th. The travel company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.08). The business had revenue of $321.00 million for the quarter, compared to the consensus estimate of $309.12 million. Tripadvisor had a positive return on equity of 5.63% and a negative net margin of 1.22%. The company’s revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.16 earnings per share. research analysts anticipate that Tripadvisor Inc will post 0.63 EPS for the current year.
Tripadvisor announced that its Board of Directors has initiated a share buyback program on Wednesday, February 14th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the travel company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its stock is undervalued.
Several research firms recently issued reports on TRIP. Zacks Investment Research upgraded shares of Tripadvisor from a “sell” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Thursday, January 11th. Barclays restated an “equal weight” rating and issued a $41.00 target price (up previously from $35.00) on shares of Tripadvisor in a report on Friday, February 16th. Piper Jaffray Companies restated a “neutral” rating and issued a $47.00 target price on shares of Tripadvisor in a report on Thursday, February 15th. BidaskClub upgraded shares of Tripadvisor from a “sell” rating to a “hold” rating in a report on Friday, February 16th. Finally, ValuEngine upgraded shares of Tripadvisor from a “sell” rating to a “hold” rating in a report on Thursday, February 15th. Six equities research analysts have rated the stock with a sell rating and eighteen have assigned a hold rating to the company’s stock. Tripadvisor currently has a consensus rating of “Hold” and an average price target of $40.06.
TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.
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