Greenhouse Funds LLLP lowered its position in Tripadvisor Inc (NASDAQ:TRIP) by 54.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 354,547 shares of the travel company’s stock after selling 429,328 shares during the period. Tripadvisor accounts for 3.5% of Greenhouse Funds LLLP’s portfolio, making the stock its 11th largest holding. Greenhouse Funds LLLP owned about 0.26% of Tripadvisor worth $12,218,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of TRIP. Dimensional Fund Advisors LP raised its stake in shares of Tripadvisor by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 306,404 shares of the travel company’s stock valued at $11,704,000 after acquiring an additional 21,984 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Tripadvisor in the third quarter valued at approximately $442,000. Victory Capital Management Inc. raised its stake in shares of Tripadvisor by 11.4% in the third quarter. Victory Capital Management Inc. now owns 25,420 shares of the travel company’s stock valued at $1,030,000 after acquiring an additional 2,594 shares during the last quarter. Gabelli Funds LLC raised its stake in shares of Tripadvisor by 36.4% in the third quarter. Gabelli Funds LLC now owns 7,500 shares of the travel company’s stock valued at $304,000 after acquiring an additional 2,000 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of Tripadvisor by 2.1% in the third quarter. New York State Common Retirement Fund now owns 273,101 shares of the travel company’s stock valued at $11,069,000 after acquiring an additional 5,500 shares during the last quarter. Institutional investors own 89.13% of the company’s stock.
Shares of Tripadvisor Inc (NASDAQ:TRIP) opened at $42.18 on Wednesday. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.17. Tripadvisor Inc has a fifty-two week low of $29.50 and a fifty-two week high of $50.95. The company has a market cap of $5,999.85, a price-to-earnings ratio of 77.09, a price-to-earnings-growth ratio of 4.58 and a beta of 1.95.
Tripadvisor announced that its board has approved a share repurchase program on Wednesday, February 14th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the travel company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.
In other Tripadvisor news, insider Dermot Halpin sold 26,313 shares of Tripadvisor stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ernst 02494 Teunissen sold 9,457 shares of Tripadvisor stock in a transaction on 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 approximately $554,640. The disclosure for this sale can be found here. Insiders have sold a total of 36,116 shares of company stock valued at $1,508,256 in the last ninety days. Company insiders own 1.09% of the company’s stock.
A number of research analysts have recently issued reports on TRIP shares. Cowen reiterated a “market perform” rating and issued a $40.00 target price (up previously from $30.00) on shares of Tripadvisor in a research note on Monday, November 27th. ValuEngine lowered shares of Tripadvisor from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Zacks Investment Research raised shares of Tripadvisor from a “sell” rating to a “hold” rating in a report on Friday, November 17th. BidaskClub lowered shares of Tripadvisor from a “sell” rating to a “strong sell” rating in a report on Friday, December 22nd. Finally, Oppenheimer reissued a “hold” rating on shares of Tripadvisor in a report on Sunday, December 17th. Six investment analysts have rated the stock with a sell rating and eighteen have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $40.06.
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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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