K.J. Harrison & Partners Inc Purchases New Position in TripAdvisor, Inc. $TRIP

K.J. Harrison & Partners Inc purchased a new position in shares of TripAdvisor, Inc. (NASDAQ:TRIP) during the second quarter, Holdings Channel reports. The firm purchased 111,153 shares of the travel company’s stock, valued at approximately $1,524,000.

Other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. grew its stake in TripAdvisor by 295.2% in the 4th quarter. UMB Bank n.a. now owns 2,300 shares of the travel company’s stock valued at $33,000 after acquiring an additional 1,718 shares during the period. Kestra Advisory Services LLC acquired a new position in TripAdvisor during the fourth quarter worth $33,000. Rockefeller Capital Management L.P. lifted its holdings in TripAdvisor by 192.5% during 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 in the last quarter. Tower Research Capital LLC TRC grew its position in shares of TripAdvisor by 308.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,077 shares of the travel company’s stock valued at $53,000 after purchasing an additional 3,078 shares during the period. Finally, CIBC Private Wealth Group LLC acquired a new stake in shares of TripAdvisor in the third quarter valued at about $58,000. 98.99% of the stock is owned by institutional investors and hedge funds.

TripAdvisor Stock Down 5.3%

Shares of NASDAQ TRIP opened at $10.17 on Tuesday. TripAdvisor, Inc. has a 1 year low of $9.01 and a 1 year high of $20.16. The company has a market capitalization of $1.19 billion, a P/E ratio of 1,018.02, a P/E/G ratio of 2.11 and a beta of 0.86. The company has a 50 day simple moving average of $13.13 and a 200-day simple moving average of $11.59. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.56 and a quick ratio of 1.56.

TripAdvisor (NASDAQ:TRIP) last posted its earnings results on Thursday, August 6th. The travel company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.03). TripAdvisor had a return on equity of 4.23% and a net margin of 0.28%.The business had revenue of $385.30 million for the quarter, compared to analyst estimates of $506.27 million. During the same period last year, the business earned $0.46 EPS. TripAdvisor’s revenue was down 7.2% compared to the same quarter last year. On average, equities research analysts predict that TripAdvisor, Inc. will post 0.69 earnings per share for the current year.

Insider Buying and Selling at TripAdvisor

In related news, CEO Almir Ambeskovic sold 8,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were 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 owned 34,396 shares of the company’s stock, valued at approximately $423,070.80. This trade represents a 18.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on TRIP shares. Wedbush increased their target price on TripAdvisor from $19.00 to $20.00 and gave the company an “outperform” rating in a report on Tuesday, June 16th. Cantor Fitzgerald dropped their price target on TripAdvisor from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Friday, August 7th. Weiss Ratings reissued a “sell (d)” rating on shares of TripAdvisor in a research note on Wednesday, August 12th. JPMorgan Chase & Co. decreased their price objective on TripAdvisor from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Friday, August 7th. Finally, Barclays lowered their target price on shares of TripAdvisor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Monday, May 11th. 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 company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $14.12.

TripAdvisor Company Profile

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.