Ballast Asset Management LP Acquires 125,380 Shares of TripAdvisor, Inc. $TRIP

Ballast Asset Management LP grew its stake in shares of TripAdvisor, Inc. (NASDAQ:TRIP) by 69.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 307,025 shares of the travel company’s stock after buying an additional 125,380 shares during the quarter. Ballast Asset Management LP’s holdings in TripAdvisor were worth $2,570,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Illinois Municipal Retirement Fund lifted its stake in shares of TripAdvisor by 2.0% in the 1st quarter. Illinois Municipal Retirement Fund now owns 61,011 shares of the travel company’s stock valued at $650,000 after acquiring an additional 1,216 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in TripAdvisor by 128.4% during the 3rd quarter. Sterling Capital Management LLC now owns 3,026 shares of the travel company’s stock valued at $25,000 after acquiring an additional 1,701 shares during the period. Rockefeller Capital Management L.P. grew its position 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 worth $40,000 after acquiring an additional 1,821 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in TripAdvisor by 1.1% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 205,365 shares of the travel company’s stock worth $2,816,000 after acquiring an additional 2,221 shares during the last quarter. Finally, Nykredit A S bought a new position in TripAdvisor during the 2nd quarter worth approximately $32,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Insider Activity

In related news, CEO Almir Ambeskovic sold 8,000 shares of the business’s 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 transaction, the chief executive officer owned 30,456 shares in the company, valued at $287,809.20. The trade was a 20.80% decrease in their position. The sale was disclosed in a document filed 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 insiders.

TripAdvisor Price Performance

TRIP stock opened at $7.12 on Tuesday. The firm’s 50-day moving average price is $8.89 and its two-hundred day moving average price is $10.88. TripAdvisor, Inc. has a 12-month low of $6.82 and a 12-month high of $16.04. The stock has a market capitalization of $834.46 million, a price-to-earnings ratio of -2.31, a PEG ratio of 4.11 and a beta of 0.87. 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) last issued its quarterly earnings data on Thursday, November 5th. The travel company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.06). The firm had revenue of $436.40 million for the quarter, compared to the consensus estimate of $447.39 million. TripAdvisor had a net margin of 0.28% and a return on equity of 4.23%. The business’s revenue was down 11.1% on a year-over-year basis. During the same period last year, the company posted $0.58 earnings per share. As a group, equities analysts predict that TripAdvisor, Inc. will post 0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TRIP. Weiss Ratings reaffirmed a “sell (d)” rating on shares of TripAdvisor in a research note on Wednesday, August 12th. Zacks Research downgraded TripAdvisor from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 5th. Barclays dropped their price objective on TripAdvisor from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Friday. JPMorgan Chase & Co. cut their target price on shares of TripAdvisor from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Friday, August 7th. Finally, B. Riley Financial decreased their target price on shares of TripAdvisor from $12.50 to $8.50 and set a “neutral” rating on the stock in a research note on Friday. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $12.25.

TripAdvisor Company 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.