SG Americas Securities LLC Sells 373,067 Shares of TripAdvisor, Inc. $TRIP

SG Americas Securities LLC decreased its holdings in shares of TripAdvisor, Inc. (NASDAQ:TRIP) by 33.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 734,928 shares of the travel company’s stock after selling 373,067 shares during the period. SG Americas Securities LLC owned approximately 0.64% of TripAdvisor worth $7,834,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Uhlmann Price Securities LLC acquired a new stake in shares of TripAdvisor in the 1st quarter worth about $162,000. Rockefeller Capital Management L.P. boosted its stake in TripAdvisor by 192.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,767 shares of the travel company’s stock valued at $40,000 after purchasing an additional 1,821 shares during the last quarter. Corient Private Wealth LLC bought a new stake in TripAdvisor during the 4th quarter worth approximately $211,000. Villanova Investment Management Co LLC increased its holdings in TripAdvisor by 23.1% during the 4th quarter. Villanova Investment Management Co LLC now owns 158,953 shares of the travel company’s stock worth $2,314,000 after purchasing an additional 29,814 shares in the last quarter. Finally, River Road Asset Management LLC raised its stake in shares of TripAdvisor by 1.7% in the fourth quarter. River Road Asset Management LLC now owns 3,448,718 shares of the travel company’s stock worth $50,213,000 after purchasing an additional 56,159 shares during the last quarter. 98.99% of the stock is owned by institutional investors.

TripAdvisor Price Performance

Shares of NASDAQ TRIP opened at $13.76 on Friday. The company has a market capitalization of $1.60 billion, a PE ratio of 137.61, a PEG ratio of 2.70 and a beta of 0.90. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.36. The stock’s 50 day moving average price is $11.27 and its 200-day moving average price is $11.85. TripAdvisor, Inc. has a twelve month low of $9.01 and a twelve month high of $20.16.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on TRIP shares. Wedbush raised their target price on TripAdvisor from $19.00 to $20.00 and gave the company an “outperform” rating in a report on Tuesday, June 16th. DA Davidson upped their price target on TripAdvisor from $10.50 to $15.50 and gave the stock a “neutral” rating in a report on Monday, June 15th. Barclays lowered their price target on TripAdvisor from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Monday, May 11th. UBS Group dropped their price objective on TripAdvisor from $16.00 to $13.70 and set a “neutral” rating on the stock in a research note on Monday, April 27th. Finally, BTIG Research reaffirmed a “buy” rating on shares of TripAdvisor in a report on Monday, June 15th. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, TripAdvisor has an average rating of “Hold” and a consensus target price of $15.19.

Insider Transactions at TripAdvisor

In other news, CEO Almir Ambeskovic sold 8,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $12.30, for a total transaction of $98,400.00. Following the completion of the sale, the chief executive officer directly owned 34,396 shares of the company’s stock, valued at $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 is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.00% of the stock is owned by company insiders.

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.