Tripadvisor Inc (TRIP) Position Lifted by QS Investors LLC

QS Investors LLC boosted its holdings in shares of Tripadvisor Inc (NASDAQ:TRIP) by 16,015.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 164,213 shares of the travel company’s stock after buying an additional 163,194 shares during the period. QS Investors LLC owned approximately 0.12% of Tripadvisor worth $8,858,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of TRIP. Verition Fund Management LLC increased its position in Tripadvisor by 102.6% in the 3rd quarter. Verition Fund Management LLC now owns 33,322 shares of the travel company’s stock worth $1,702,000 after purchasing an additional 16,876 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd increased its position in Tripadvisor by 4.2% in the 4th quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,196,989 shares of the travel company’s stock worth $118,505,000 after purchasing an additional 89,436 shares during the last quarter. Xact Kapitalforvaltning AB increased its position in Tripadvisor by 24.1% in the 4th quarter. Xact Kapitalforvaltning AB now owns 20,905 shares of the travel company’s stock worth $1,128,000 after purchasing an additional 4,057 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Tripadvisor in the 4th quarter worth about $870,000. Finally, Advisors Asset Management Inc. acquired a new position in Tripadvisor in the 3rd quarter worth about $287,000. 87.63% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CFO Ernst 02494 Teunissen sold 15,418 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $53.08, for a total transaction of $818,387.44. Following the completion of the sale, the chief financial officer now owns 12,668 shares in the company, valued at approximately $672,417.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Dermot Halpin sold 14,656 shares of the stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $55.15, for a total value of $808,278.40. Following the sale, the insider now owns 29,649 shares of the company’s stock, valued at approximately $1,635,142.35. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,729 shares of company stock valued at $2,627,528. 3.10% of the stock is currently owned by corporate insiders.

Several research analysts have weighed in on TRIP shares. Zacks Investment Research raised Tripadvisor from a “hold” rating to a “strong-buy” rating and set a $72.00 target price on the stock in a research report on Saturday, November 17th. Cowen lowered Tripadvisor from a “market perform” rating to an “underperform” rating and dropped their target price for the stock from $50.00 to $40.00 in a research report on Wednesday, March 6th. Piper Jaffray Companies upped their target price on Tripadvisor to $58.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 13th. BidaskClub lowered Tripadvisor from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. Finally, DA Davidson set a $62.00 target price on Tripadvisor and gave the stock a “hold” rating in a research report on Friday, November 23rd. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $56.19.

TRIP opened at $52.13 on Friday. The stock has a market cap of $7.14 billion, a PE ratio of 49.65, a P/E/G ratio of 3.14 and a beta of 1.31. Tripadvisor Inc has a 52-week low of $36.75 and a 52-week high of $69.00.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Tuesday, February 12th. The travel company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.12. The company had revenue of $346.00 million during the quarter, compared to the consensus estimate of $342.90 million. Tripadvisor had a return on equity of 9.27% and a net margin of 7.00%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.06 EPS. On average, research analysts expect that Tripadvisor Inc will post 1.27 earnings per share for the current year.

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About Tripadvisor

TripAdvisor, Inc operates as an online travel company. The company operates in two segments, Hotel and Non-Hotel. Its travel platform aggregates reviews and opinions of members about destinations, accommodations, activities and attractions, and restaurants, which enables users to research and plan their travel experiences, as well as book hotels, flights, cruises, vacation rentals, tours, activities and attractions, and restaurant reservations on its site or mobile app, or on the site or app of travel partner sites.

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Institutional Ownership by Quarter for Tripadvisor (NASDAQ:TRIP)

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