K.J. Harrison & Partners Inc raised its stake in TripAdvisor, Inc. (NASDAQ:TRIP – Free Report) by 316.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 125,000 shares of the travel company’s stock after buying an additional 95,000 shares during the period. K.J. Harrison & Partners Inc’s holdings in TripAdvisor were worth $1,332,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Kestra Advisory Services LLC purchased a new position in shares of TripAdvisor during the 4th quarter worth $33,000. UMB Bank n.a. grew its holdings in shares of TripAdvisor by 295.2% in the fourth quarter. UMB Bank n.a. now owns 2,300 shares of the travel company’s stock valued at $33,000 after purchasing an additional 1,718 shares during the period. Rockefeller Capital Management L.P. grew its holdings in shares of TripAdvisor by 192.5% in the fourth 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 period. CIBC Private Wealth Group LLC acquired a new stake in TripAdvisor during the third quarter worth about $58,000. Finally, Atlas Capital Advisors Inc. acquired a new stake in TripAdvisor during the fourth quarter worth about $58,000. 98.99% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
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 transaction, the chief executive officer directly owned 34,396 shares in the company, valued at $423,070.80. This trade represents a 18.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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.
Wall Street Analysts Forecast Growth
View Our Latest Report on TRIP
TripAdvisor Price Performance
TripAdvisor stock opened at $14.29 on Friday. The company’s 50 day simple moving average is $11.54 and its 200-day simple moving average is $11.81. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 142.91, a price-to-earnings-growth ratio of 2.80 and a beta of 0.86. TripAdvisor, Inc. has a 1 year low of $9.01 and a 1 year high of $20.16. 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 – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The travel company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.08). The company had revenue of $382.40 million during the quarter, compared to analyst estimates of $384.69 million. TripAdvisor had a return on equity of 5.73% and a net margin of 0.99%.The business’s revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.14 earnings per share. As a group, equities research analysts expect that TripAdvisor, Inc. will post 0.69 earnings per share for the current year.
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.
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