U S Global Investors Inc. lifted its stake in shares of TripAdvisor, Inc. (NASDAQ:TRIP – Free Report) by 32.0% during the third quarter, Holdings Channel reports. The fund owned 1,840,229 shares of the travel company’s stock after acquiring an additional 446,255 shares during the period. TripAdvisor comprises 1.5% of U S Global Investors Inc.’s investment portfolio, making the stock its 18th largest position. U S Global Investors Inc.’s holdings in TripAdvisor were worth $15,403,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of TRIP. BlackRock Inc. purchased a new position in TripAdvisor in the second quarter valued at $239,065,000. State Street Corp increased its holdings in TripAdvisor by 1.6% during the 2nd quarter. State Street Corp now owns 4,966,046 shares of the travel company’s stock worth $68,084,000 after purchasing an additional 77,501 shares during the period. Dimensional Fund Advisors LP increased its holdings in TripAdvisor by 5.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,973,534 shares of the travel company’s stock worth $42,356,000 after purchasing an additional 210,591 shares during the period. Converium Capital Inc. purchased a new stake in TripAdvisor during the 1st quarter worth about $11,460,000. Finally, Bank of America Corp DE raised its position in TripAdvisor by 15.6% in the 1st quarter. Bank of America Corp DE now owns 842,334 shares of the travel company’s stock valued at $8,979,000 after purchasing an additional 113,843 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.
TripAdvisor Price Performance
TripAdvisor stock opened at $9.67 on Friday. The stock has a market cap of $1.13 billion, a P/E ratio of 967.97, a price-to-earnings-growth ratio of 3.80 and a beta of 0.86. The company has a fifty day simple moving average of $9.19 and a 200-day simple moving average of $11.07. TripAdvisor, Inc. has a 12-month low of $8.02 and a 12-month high of $17.53. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.28.
TripAdvisor (NASDAQ:TRIP – Get Free Report) last issued its earnings results on Thursday, August 6th. The travel company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The firm had revenue of $385.30 million for the quarter, compared to analyst estimates of $506.27 million. TripAdvisor had a return on equity of 4.23% and a net margin of 0.28%. The business’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 EPS. Equities analysts expect that TripAdvisor, Inc. will post 0.34 EPS for the current fiscal year.
Insider Transactions at TripAdvisor
In other TripAdvisor news, CEO Almir Ambeskovic sold 8,000 shares of TripAdvisor stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $9.45, for a total transaction of $75,600.00. Following the completion of the sale, the chief executive officer directly owned 30,456 shares of the company’s stock, valued at $287,809.20. The trade was a 20.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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
A number of equities research analysts have issued reports on the company. Cantor Fitzgerald reduced their price target on TripAdvisor from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Monday. JPMorgan Chase & Co. lowered their price objective on TripAdvisor from $11.00 to $10.00 and set an “underweight” rating for the company in a research report on Friday, August 7th. Weiss Ratings restated a “sell (d)” rating on shares of TripAdvisor in a research note on Wednesday, August 12th. The Goldman Sachs Group restated a “buy” rating and set a $16.00 target price on shares of TripAdvisor in a research note on Monday, July 20th. Finally, B. Riley Financial reduced their target price on shares of TripAdvisor from $13.00 to $12.50 and set a “neutral” rating on the stock in a report on Monday, August 10th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $14.04.
View Our Latest Stock Report on TRIP
TripAdvisor Profile
Tripadvisor, Inc (NASDAQ: TRIP) operates a global travel guidance and experiences platform. Its flagship Tripadvisor brand provides user-generated reviews, ratings, photos and travel information covering hotels, restaurants, attractions and destinations, helping travelers research and plan trips.
The company also operates Viator, an online marketplace for tours, activities and other travel experiences, and TheFork, a digital restaurant reservation platform serving diners and restaurants.
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