TripAdvisor, Inc. $TRIP Shares Acquired by River Road Asset Management LLC

River Road Asset Management LLC increased its holdings in shares of TripAdvisor, Inc. (NASDAQ:TRIP) by 1.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,448,718 shares of the travel company’s stock after acquiring an additional 56,159 shares during the quarter. River Road Asset Management LLC’s holdings in TripAdvisor were worth $50,213,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in TripAdvisor by 6.1% during the fourth quarter. Vanguard Group Inc. now owns 12,567,936 shares of the travel company’s stock worth $182,989,000 after purchasing an additional 721,957 shares in the last quarter. Starboard Value LP boosted its holdings in shares of TripAdvisor by 1.4% in the 4th quarter. Starboard Value LP now owns 9,644,996 shares of the travel company’s stock valued at $140,431,000 after buying an additional 134,512 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of TripAdvisor by 24.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,416,019 shares of the travel company’s stock valued at $120,585,000 after buying an additional 1,445,607 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of TripAdvisor by 6.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,762,943 shares of the travel company’s stock valued at $54,790,000 after buying an additional 216,862 shares during the last quarter. Finally, Nuveen LLC raised its stake in TripAdvisor by 40.1% during the 4th quarter. Nuveen LLC now owns 3,355,310 shares of the travel company’s stock worth $48,853,000 after acquiring an additional 961,121 shares in the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TripAdvisor

In related news, CEO Almir Ambeskovic sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $12.30, for a total transaction of $98,400.00. Following the transaction, the chief executive officer owned 34,396 shares of the company’s stock, 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 through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.00% of the company’s stock.

TripAdvisor Stock Up 2.9%

Shares of NASDAQ:TRIP opened at $12.97 on Friday. The stock has a market cap of $1.51 billion, a P/E ratio of 129.71, a P/E/G ratio of 2.47 and a beta of 0.90. The firm has a fifty day moving average price of $11.07 and a 200 day moving average price of $11.93. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.25 and a quick ratio of 1.25. TripAdvisor, Inc. has a 1-year low of $9.01 and a 1-year high of $20.16.

TripAdvisor (NASDAQ:TRIP) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $384.69 million. TripAdvisor had a net margin of 0.99% and a return on equity of 5.73%. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 earnings per share. Sell-side analysts predict that TripAdvisor, Inc. will post 0.69 EPS for the current year.

Wall Street Analysts Forecast Growth

TRIP has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their price target on shares of TripAdvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research report on Friday, May 8th. BTIG Research reaffirmed a “buy” rating on shares of TripAdvisor in a report on Monday. Wedbush lifted their target price on TripAdvisor from $19.00 to $20.00 and gave the stock an “outperform” rating in a research report on Tuesday. UBS Group reduced their target price on TripAdvisor from $16.00 to $13.70 and set a “neutral” rating for the company in a report on Monday, April 27th. Finally, Barclays decreased their target price on TripAdvisor from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Monday, May 11th. Five investment 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $15.19.

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.