Pacer Advisors Inc. Increases Position in TripAdvisor, Inc. $TRIP

Pacer Advisors Inc. grew its position in TripAdvisor, Inc. (NASDAQ:TRIP) by 57.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 677,836 shares of the travel company’s stock after purchasing an additional 246,196 shares during the quarter. Pacer Advisors Inc. owned approximately 0.59% of TripAdvisor worth $9,869,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TRIP. Alyeska Investment Group L.P. acquired a new stake in TripAdvisor in the third quarter valued at $26,848,000. Ameriprise Financial Inc. boosted its position in shares of TripAdvisor by 24.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,416,019 shares of the travel company’s stock worth $120,585,000 after acquiring an additional 1,445,607 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of TripAdvisor by 1,712.3% during the 4th quarter. SG Americas Securities LLC now owns 1,107,995 shares of the travel company’s stock worth $16,132,000 after acquiring an additional 1,046,858 shares in the last quarter. Holocene Advisors LP increased its holdings in shares of TripAdvisor by 78.5% in the 3rd quarter. Holocene Advisors LP now owns 2,210,903 shares of the travel company’s stock valued at $35,949,000 after acquiring an additional 972,369 shares during the last quarter. Finally, Nuveen LLC increased its holdings in shares of TripAdvisor by 40.1% in the 4th quarter. Nuveen LLC now owns 3,355,310 shares of the travel company’s stock valued at $48,853,000 after acquiring an additional 961,121 shares during the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

TripAdvisor Price Performance

Shares of NASDAQ:TRIP opened at $12.97 on Monday. TripAdvisor, Inc. has a one year low of $9.01 and a one year high of $20.16. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 129.71, a PEG ratio of 2.54 and a beta of 0.90. The company has a 50-day simple moving average of $11.11 and a 200-day simple moving average of $11.91. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.25 and a current ratio of 1.25.

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings results on Thursday, May 7th. The travel company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.08). The company had revenue of $382.40 million for the quarter, compared to analysts’ expectations of $384.69 million. TripAdvisor had a return on equity of 5.73% and a net margin of 0.99%.The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.14 EPS. On average, analysts predict that TripAdvisor, Inc. will post 0.69 EPS for the current year.

Insiders Place Their Bets

In other TripAdvisor news, CEO Almir Ambeskovic sold 8,000 shares of TripAdvisor stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $12.30, for a total value of $98,400.00. Following the transaction, the chief executive officer directly owned 34,396 shares in the company, valued at approximately $423,070.80. This trade represents a 18.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TRIP. Weiss Ratings restated a “sell (d)” rating on shares of TripAdvisor in a research note on Friday, May 15th. DA Davidson increased their price target on shares of TripAdvisor from $10.50 to $15.50 and gave the company a “neutral” rating in a research note on Monday, June 15th. Bank of America raised shares of TripAdvisor from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $14.00 to $15.00 in a report on Friday, March 27th. Barclays lowered their target price on shares of TripAdvisor from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Monday, May 11th. Finally, JPMorgan Chase & Co. dropped their target price on shares of TripAdvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a research report on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $15.19.

About TripAdvisor

TripAdvisor (NASDAQ:TRIP) is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company’s flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor’s offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.