American International Group Inc. reduced its position in TripAdvisor, Inc. (NASDAQ:TRIP) by 1.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,776 shares of the travel company’s stock after selling 614 shares during the period. American International Group Inc.’s holdings in TripAdvisor were worth $2,105,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Profund Advisors LLC increased its stake in TripAdvisor by 11.9% in the first quarter. Profund Advisors LLC now owns 42,933 shares of the travel company’s stock worth $1,853,000 after buying an additional 4,555 shares during the period. DekaBank Deutsche Girozentrale increased its stake in TripAdvisor by 130.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 8,539 shares of the travel company’s stock worth $385,000 after buying an additional 4,827 shares during the period. Gulf International Bank UK Ltd increased its stake in TripAdvisor by 0.9% in the first quarter. Gulf International Bank UK Ltd now owns 34,810 shares of the travel company’s stock worth $1,502,000 after buying an additional 300 shares during the period. Federated Investors Inc. PA increased its stake in TripAdvisor by 162.0% in the fourth quarter. Federated Investors Inc. PA now owns 7,381 shares of the travel company’s stock worth $342,000 after buying an additional 4,564 shares during the period. Finally, Pacer Advisors Inc. increased its stake in TripAdvisor by 352.8% in the first quarter. Pacer Advisors Inc. now owns 14,577 shares of the travel company’s stock worth $629,000 after buying an additional 11,358 shares during the period. 89.98% of the stock is owned by institutional investors and hedge funds.
Shares of TripAdvisor, Inc. (NASDAQ TRIP) opened at 36.00 on Tuesday. TripAdvisor, Inc. has a 52 week low of $35.90 and a 52 week high of $71.69. The firm has a 50-day moving average of $41.82 and a 200 day moving average of $45.31. The stock has a market cap of $5.08 billion, a PE ratio of 50.63 and a beta of 2.33.
TripAdvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Tuesday, May 9th. The travel company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by $0.01. The company had revenue of $372 million for the quarter, compared to analysts’ expectations of $376.67 million. TripAdvisor had a net margin of 6.87% and a return on equity of 8.87%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.33 earnings per share. On average, equities analysts forecast that TripAdvisor, Inc. will post $1.15 EPS for the current fiscal year.
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A number of equities research analysts have commented on TRIP shares. Zacks Investment Research downgraded shares of TripAdvisor from a “hold” rating to a “sell” rating in a research report on Thursday, May 4th. Deutsche Bank AG lifted their target price on shares of TripAdvisor from $37.00 to $49.00 and gave the stock a “hold” rating in a research report on Monday, February 27th. ValuEngine downgraded shares of TripAdvisor from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Cowen and Company downgraded shares of TripAdvisor from a “market perform” rating to an “underperform” rating and cut their target price for the stock from $45.00 to $35.00 in a research report on Wednesday, February 22nd. Finally, Vetr downgraded shares of TripAdvisor from a “buy” rating to a “hold” rating and set a $42.29 target price for the company. in a research report on Monday, April 17th. Eight research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the company’s stock. TripAdvisor has a consensus rating of “Hold” and an average target price of $48.35.
TripAdvisor Company Profile
TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.
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