KBC Group NV reduced its stake in shares of Tripadvisor Inc (NASDAQ:TRIP) by 87.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,846 shares of the travel company’s stock after selling 152,158 shares during the period. KBC Group NV’s holdings in Tripadvisor were worth $753,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. FNY Managed Accounts LLC bought a new position in Tripadvisor during the 3rd quarter worth $101,000. SeaCrest Wealth Management LLC bought a new position in Tripadvisor during the 4th quarter worth $104,000. Steward Partners Investment Advisory LLC raised its position in Tripadvisor by 164.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,880 shares of the travel company’s stock worth $168,000 after purchasing an additional 3,037 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in Tripadvisor during the 4th quarter worth $180,000. Finally, D.A. Davidson & CO. raised its position in Tripadvisor by 957.0% during the 3rd quarter. D.A. Davidson & CO. now owns 5,655 shares of the travel company’s stock worth $229,000 after purchasing an additional 5,120 shares during the last quarter. 79.63% of the stock is owned by institutional investors and hedge funds.
Tripadvisor Inc (NASDAQ TRIP) opened at $41.45 on Tuesday. Tripadvisor Inc has a 12-month low of $29.50 and a 12-month high of $50.95. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.67 and a quick ratio of 2.67. The firm has a market capitalization of $5,760.00, a PE ratio of 109.08, a PEG ratio of 4.49 and a beta of 2.22.
Tripadvisor announced that its Board of Directors has approved a stock buyback plan on Wednesday, February 14th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the travel company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
Several brokerages recently issued reports on TRIP. Zacks Investment Research raised Tripadvisor from a “sell” rating to a “hold” rating in a research report on Wednesday, February 21st. ValuEngine raised Tripadvisor from a “sell” rating to a “hold” rating in a research report on Thursday, February 15th. Barclays reaffirmed an “equal weight” rating and set a $41.00 target price (up from $35.00) on shares of Tripadvisor in a research report on Friday, February 16th. BidaskClub raised Tripadvisor from a “sell” rating to a “hold” rating in a research report on Friday, February 16th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $45.00 target price on shares of Tripadvisor in a research report on Friday, February 16th. Six investment analysts have rated the stock with a sell rating and nineteen have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $40.06.
In other news, CFO Ernst 02494 Teunissen sold 9,457 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $40.00, for a total value of $378,280.00. Following the completion of the sale, the chief financial officer now directly owns 13,866 shares in the company, valued at approximately $554,640. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Dermot Halpin sold 26,313 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $42.49, for a total value of $1,118,039.37. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,116 shares of company stock valued at $1,508,256. 1.09% of the stock is currently owned by company insiders.
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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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