Tripadvisor, Inc. (NASDAQ:TRIP) Position Increased by Swiss National Bank


Swiss National Bank increased its position in shares of Tripadvisor, Inc. (NASDAQ:TRIP – Get Rating) by 8.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 237,200 shares of the travel company’s stock after acquiring an additional 17,800 shares during the period. Swiss National Bank owned about 0.17% of Tripadvisor worth $6.433,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Louisiana State Employees Retirement System raised its holdings in shares of Tripadvisor by 1.6% during the first quarter. Louisiana State Employees Retirement System now owns 25,900 shares of the travel company’s stock worth $692,000 after acquiring an additional 400 shares in the last quarter. Investnet Asset Management Inc. raised its holdings in Tripadvisor by 3.9% during the first quarter. Investnet Asset Management Inc. now owns 12,368 shares of the travel company’s stock valued at $335,000 after buying an additional 466 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Tripadvisor by 44.3% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,745 shares of the travel company’s stock valued at $47,000 after buying an additional 536 shares in the last quarter. Parallel Advisors LLC raised its holdings in Tripadvisor by 10.7% during the first quarter. Parallel Advisors LLC now owns 5,892 shares of the travel company’s stock valued at $160,000 after buying an additional 570 shares in the last quarter. Finally, CHICAGO TRUST Co NA raised its holdings in Tripadvisor by 6.3% during the first quarter. CHICAGO TRUST Co NA now owns 9,771 shares of the travel company’s stock valued at $265,000 after buying an additional 576 shares in the last quarter. 82.89% of the stock is currently owned by hedge funds and other institutional investors.

Tripadvisor Stock Down 3.9%

TRIP stock opened at $25.32 on Tuesday. Tripadvisor, Inc. has a twelve month low of $16.87 and a twelve month high of $39.04. The company has a market cap of $3.54 billion, a PE ratio of -110.09, a price-to-earnings-growth ratio of 1.98 and a beta of 1.43. The business’s 50-day simple moving average is $20.51 and its 200 day simple moving average is $23.69. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.13.

Tripadvisor (NASDAQ:TRIP – Get Rating) last released its earnings results on Thursday, August 4th. The travel company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.10. Tripadvisor had a negative return on equity of 3.27% and a negative net margin of 2.53%. The business had revenue of $417.00 million for the quarter, compared to the consensus estimate of $391.82 million. During the same period last year, the business earned ($0.26) earnings per share. The firm’s revenue for the quarter was up 77.4% compared to the same quarter last year. On average, research analysts anticipate that Tripadvisor, Inc. will post 0.38 earnings per share for the current year.

Wall Street Analyst Weigh In

TRIP has been the topic of several recent research reports. JPMorgan Chase & Co. cut their target price on Tripadvisor from $23.00 to $15.00 and set an “underweight” rating on the stock in a report on Wednesday, June 29th. StockNews.com lowered Tripadvisor from a “buy” rating to a “hold” rating in a report on Tuesday, August 16th. Mizuho cut their target price on Tripadvisor from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Monday, August 8th. Credit Suisse Group cut their target price on Tripadvisor from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Monday, August 8th. Finally, UBS Group dropped their price objective on Tripadvisor from $28.00 to $20.00 and set a “neutral” rating on the stock in a research note on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, Tripadvisor presently has an average rating of “Hold” and an average price target of $28.89.

Insider Buying and Selling at Tripadvisor

In other Tripadvisor news, CFO Ernst 02494 Teunissen sold 15,000 shares of Tripadvisor stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $27.50, for a total transaction of $412,500.00. Following the sale, the chief financial officer now directly owns 33,523 shares of the company’s stock, valued at $921,882.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.00% of the company’s stock.

Tripadvisor Profile

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TripAdvisor, Inc. operates as an online travel company. It operates in two segments, Hotels, Media & Platform; and Experiences & Dining. The company operates TripAdvisor-branded websites, including tripadvisor.com in the United States; and localized versions of the website in 40 markets and 20 languages.

See Also

Institutional Ownership by Quarter for Tripadvisor (NASDAQ:TRIP)



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