Wellington Shields Capital Management LLC acquired a new position in shares of TripAdvisor, Inc. (NASDAQ:TRIP) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 29,000 shares of the travel company’s stock, valued at approximately $1,175,000.
A number of other institutional investors also recently bought and sold shares of the stock. Cutter & CO Brokerage Inc. increased its position in TripAdvisor by 0.5% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 6,520 shares of the travel company’s stock worth $249,000 after purchasing an additional 30 shares in the last quarter. Lourd Capital LLC increased its position in TripAdvisor by 0.6% during the 2nd quarter. Lourd Capital LLC now owns 7,497 shares of the travel company’s stock worth $286,000 after purchasing an additional 47 shares in the last quarter. Advisor Group Inc. increased its position in TripAdvisor by 1.4% during the 2nd quarter. Advisor Group Inc. now owns 8,401 shares of the travel company’s stock worth $321,000 after purchasing an additional 118 shares in the last quarter. Norinchukin Bank The increased its position in TripAdvisor by 4.4% during the 2nd quarter. Norinchukin Bank The now owns 7,663 shares of the travel company’s stock worth $293,000 after purchasing an additional 326 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in TripAdvisor by 2.5% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 15,225 shares of the travel company’s stock worth $657,000 after purchasing an additional 370 shares in the last quarter. Hedge funds and other institutional investors own 87.38% of the company’s stock.
TripAdvisor, Inc. (TRIP) traded down $0.44 during trading on Tuesday, reaching $30.75. The company had a trading volume of 3,822,700 shares, compared to its average volume of 3,088,027. The firm has a market cap of $4,331.60, a price-to-earnings ratio of 45.20, a PEG ratio of 2.32 and a beta of 2.33. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 0.19. TripAdvisor, Inc. has a 12-month low of $29.79 and a 12-month high of $53.58.
TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings results on Monday, November 6th. The travel company reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. TripAdvisor had a return on equity of 6.81% and a net margin of 4.26%. The firm had revenue of $439.00 million for the quarter, compared to analyst estimates of $451.27 million. During the same period in the previous year, the company posted $0.53 EPS. TripAdvisor’s revenue for the quarter was up 4.3% on a year-over-year basis. sell-side analysts anticipate that TripAdvisor, Inc. will post 0.68 earnings per share for the current year.
TRIP has been the subject of a number of recent research reports. Barclays PLC dropped their price objective on TripAdvisor from $52.00 to $48.00 and set an “equal weight” rating for the company in a research report on Monday, August 7th. Stifel Nicolaus restated a “hold” rating and issued a $40.00 price target (down previously from $45.00) on shares of TripAdvisor in a report on Thursday, August 10th. Royal Bank Of Canada restated a “hold” rating and issued a $47.00 price target on shares of TripAdvisor in a report on Monday, August 7th. Zacks Investment Research upgraded TripAdvisor from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Wells Fargo & Company restated a “hold” rating on shares of TripAdvisor in a report on Thursday, July 27th. Nine analysts have rated the stock with a sell rating and nineteen have given a hold rating to the company. The company has an average rating of “Hold” and an average target price of $40.05.
In other TripAdvisor news, insider Dermot Halpin sold 12,859 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $39.09, for a total value of $502,658.31. Following the transaction, the insider now directly owns 5,364 shares of the company’s stock, valued at approximately $209,678.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.09% of the company’s stock.
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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