Assenagon Asset Management S.A. Increases Stock Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Assenagon Asset Management S.A. boosted its stake in Tripadvisor, Inc. (NASDAQ:TRIPFree Report) by 5,405.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 606,007 shares of the travel company’s stock after purchasing an additional 595,000 shares during the quarter. Assenagon Asset Management S.A. owned about 0.43% of Tripadvisor worth $8,587,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. ExodusPoint Capital Management LP purchased a new stake in shares of Tripadvisor during the 4th quarter valued at about $5,170,000. Ieq Capital LLC raised its position in shares of Tripadvisor by 391.1% during the 4th quarter. Ieq Capital LLC now owns 63,680 shares of the travel company’s stock valued at $941,000 after buying an additional 50,713 shares in the last quarter. U S Global Investors Inc. raised its position in shares of Tripadvisor by 2.0% during the 4th quarter. U S Global Investors Inc. now owns 1,543,056 shares of the travel company’s stock valued at $22,791,000 after buying an additional 30,508 shares in the last quarter. Northern Trust Corp raised its position in shares of Tripadvisor by 6.3% during the 4th quarter. Northern Trust Corp now owns 656,986 shares of the travel company’s stock valued at $9,704,000 after buying an additional 38,858 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its position in shares of Tripadvisor by 483.9% during the 4th quarter. Point72 Asset Management L.P. now owns 723,904 shares of the travel company’s stock valued at $10,692,000 after buying an additional 599,933 shares in the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Tripadvisor Price Performance

Shares of TRIP stock opened at $13.30 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.10 and a quick ratio of 1.85. The company has a market capitalization of $1.89 billion, a P/E ratio of 665.33, a P/E/G ratio of 9.01 and a beta of 1.32. The company’s 50-day simple moving average is $13.44 and its two-hundred day simple moving average is $14.51. Tripadvisor, Inc. has a one year low of $10.43 and a one year high of $18.66.

Tripadvisor (NASDAQ:TRIPGet Free Report) last issued its earnings results on Wednesday, May 7th. The travel company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.09. The business had revenue of $398.00 million for the quarter, compared to the consensus estimate of $386.94 million. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 EPS. As a group, equities analysts anticipate that Tripadvisor, Inc. will post 0.46 EPS for the current year.

Insider Activity

In other news, CEO Almir Ambeskovic sold 16,643 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $15.33, for a total transaction of $255,137.19. Following the transaction, the chief executive officer now directly owns 15,931 shares in the company, valued at approximately $244,222.23. This trade represents a 51.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.10% of the company’s stock.

Wall Street Analyst Weigh In

TRIP has been the topic of several analyst reports. UBS Group upped their price target on shares of Tripadvisor from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, May 8th. Mizuho upgraded shares of Tripadvisor to a “hold” rating in a report on Friday, April 18th. DA Davidson upped their price target on shares of Tripadvisor from $16.00 to $16.25 and gave the company a “neutral” rating in a report on Thursday, May 29th. Wall Street Zen downgraded shares of Tripadvisor from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, JPMorgan Chase & Co. upped their price target on shares of Tripadvisor from $11.00 to $13.00 and gave the company an “underweight” rating in a report on Friday, May 9th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $17.27.

Check Out Our Latest Stock Analysis on Tripadvisor

About Tripadvisor

(Free Report)

TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.

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Institutional Ownership by Quarter for Tripadvisor (NASDAQ:TRIP)

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