Daiwa Securities Group Inc. Cuts Holdings in Tripadvisor Inc (NASDAQ:TRIP)

Daiwa Securities Group Inc. trimmed its holdings in shares of Tripadvisor Inc (NASDAQ:TRIP) by 9.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,516 shares of the travel company’s stock after selling 3,617 shares during the period. Daiwa Securities Group Inc.’s holdings in Tripadvisor were worth $1,373,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. CWM LLC increased its stake in Tripadvisor by 3.2% in the 2nd quarter. CWM LLC now owns 163,649 shares of the travel company’s stock valued at $7,575,000 after purchasing an additional 5,117 shares in the last quarter. Brinker Capital Inc. increased its stake in Tripadvisor by 25.9% in the 3rd quarter. Brinker Capital Inc. now owns 68,296 shares of the travel company’s stock valued at $2,642,000 after purchasing an additional 14,065 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Tripadvisor by 3.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 774,340 shares of the travel company’s stock valued at $35,845,000 after purchasing an additional 25,314 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its stake in Tripadvisor by 30.2% in the 2nd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 14,646 shares of the travel company’s stock valued at $683,000 after purchasing an additional 3,397 shares in the last quarter. Finally, GW&K Investment Management LLC purchased a new position in Tripadvisor in the 2nd quarter valued at approximately $2,378,000. 85.77% of the stock is owned by institutional investors and hedge funds.

Tripadvisor stock opened at $31.75 on Tuesday. The stock has a fifty day moving average of $38.44 and a two-hundred day moving average of $42.92. The company has a market capitalization of $5.71 billion, a price-to-earnings ratio of 30.24, a PEG ratio of 1.89 and a beta of 1.37. Tripadvisor Inc has a fifty-two week low of $29.27 and a fifty-two week high of $65.41.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. The company had revenue of $428.00 million during the quarter, compared to the consensus estimate of $459.39 million. Tripadvisor had a return on equity of 10.63% and a net margin of 8.49%. Tripadvisor’s revenue was down 6.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 earnings per share. Research analysts anticipate that Tripadvisor Inc will post 1.27 earnings per share for the current fiscal year.

TRIP has been the subject of several research analyst reports. JPMorgan Chase & Co. downgraded Tripadvisor from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $48.00 to $28.00 in a research note on Friday. Standpoint Research initiated coverage on Tripadvisor in a research note on Tuesday, July 16th. They issued a “buy” rating and a $60.00 price objective for the company. Wedbush dropped their price objective on Tripadvisor from $50.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday. DA Davidson dropped their price objective on Tripadvisor to $44.00 and set a “buy” rating for the company in a research note on Friday. Finally, Credit Suisse Group dropped their price objective on Tripadvisor from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $47.87.

Tripadvisor Company Profile

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotel and Non-Hotel. The company operates TripAdvisor-branded Websites, including tripadvisor.com in the United States; and localized versions of the Website in 48 markets and 28 languages. It also manages and operates other travel media brands that provide users the comprehensive travel-planning and trip-taking resources in the travel industry, such as airfarewatchdog.com, bookingbuddy.com, cruisecritic.com, familyvacationcritic.com, flipkey.com, thefork.com, holidaywatchdog.com, housetrip.com, jetsetter.com, niumba.com, onetime.com, oyster.com, seatguru.com, smartertravel.com, tingo.com, vacationhomerentals.com, and viator.com, as well as www.bokun.io and holidaylettings.co.uk.

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Institutional Ownership by Quarter for Tripadvisor (NASDAQ:TRIP)

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