Dimensional Fund Advisors LP boosted its position in shares of TripAdvisor, Inc. (NASDAQ:TRIP) by 7.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 306,404 shares of the travel company’s stock after buying an additional 21,984 shares during the period. Dimensional Fund Advisors LP owned approximately 0.22% of TripAdvisor worth $11,704,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Neuberger Berman Group LLC bought a new position in TripAdvisor during the second quarter valued at approximately $19,979,000. Hosking Partners LLP boosted its stake in TripAdvisor by 1.6% during the second quarter. Hosking Partners LLP now owns 197,913 shares of the travel company’s stock valued at $7,560,000 after buying an additional 3,178 shares during the last quarter. Federated Investors Inc. PA boosted its stake in TripAdvisor by 1,052.0% during the second quarter. Federated Investors Inc. PA now owns 26,760 shares of the travel company’s stock valued at $1,022,000 after buying an additional 24,437 shares during the last quarter. State of Wisconsin Investment Board lifted its stake in shares of TripAdvisor by 22.7% in the 2nd quarter. State of Wisconsin Investment Board now owns 90,133 shares of the travel company’s stock valued at $3,443,000 after purchasing an additional 16,670 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of TripAdvisor by 18.2% in the 2nd quarter. Victory Capital Management Inc. now owns 22,826 shares of the travel company’s stock valued at $872,000 after purchasing an additional 3,522 shares during the last quarter. 87.38% of the stock is owned by institutional investors.
Several equities research analysts have recently issued reports on the company. Royal Bank Of Canada lowered their price objective on TripAdvisor from $38.00 to $34.00 and set a “sector perform” rating for the company in a research note on Monday. Jefferies Group LLC reaffirmed a “sell” rating and issued a $27.00 price objective on shares of TripAdvisor in a research note on Friday, November 10th. Hilliard Lyons lowered TripAdvisor from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 8th. UBS AG reaffirmed a “neutral” rating and issued a $43.00 price objective on shares of TripAdvisor in a research note on Wednesday, November 8th. Finally, Barclays PLC lowered their price objective on TripAdvisor from $45.00 to $35.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 8th. Nine research analysts have rated the stock with a sell rating and nineteen have given a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $40.05.
TripAdvisor, Inc. (NASDAQ TRIP) opened at $30.06 on Wednesday. TripAdvisor, Inc. has a fifty-two week low of $29.79 and a fifty-two week high of $53.58. The company has a market capitalization of $4,270.50, a price-to-earnings ratio of 44.56, a price-to-earnings-growth ratio of 2.29 and a beta of 2.33. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 0.19.
TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Monday, November 6th. The travel company reported $0.36 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.36. TripAdvisor had a return on equity of 6.81% and a net margin of 4.26%. The business had revenue of $439.00 million for the quarter, compared to the consensus estimate of $451.27 million. During the same period last year, the business posted $0.53 EPS. The business’s revenue was up 4.3% compared to the same quarter last year. equities analysts predict that TripAdvisor, Inc. will post 0.68 earnings per share for the current fiscal year.
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In other news, insider Dermot Halpin sold 12,859 shares of TripAdvisor stock in a transaction on Friday, August 18th. The stock was sold at an average price of $39.09, for a total value of $502,658.31. Following the transaction, the insider now directly owns 5,364 shares in the company, valued at approximately $209,678.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.09% of the company’s stock.
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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