Tripadvisor, Inc. (NASDAQ:TRIP) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its stake in Tripadvisor, Inc. (NASDAQ:TRIP) by 177.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 108,689 shares of the travel company’s stock after buying an additional 69,508 shares during the period. Quantinno Capital Management LP’s holdings in Tripadvisor were worth $1,605,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Bogart Wealth LLC acquired a new stake in shares of Tripadvisor in the 4th quarter worth approximately $30,000. Blue Trust Inc. raised its holdings in Tripadvisor by 204.4% during the fourth quarter. Blue Trust Inc. now owns 2,298 shares of the travel company’s stock worth $33,000 after purchasing an additional 1,543 shares in the last quarter. Aster Capital Management DIFC Ltd lifted its position in Tripadvisor by 83.8% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company’s stock worth $50,000 after purchasing an additional 1,557 shares during the period. Kentucky Retirement Systems Insurance Trust Fund bought a new position in Tripadvisor during the 4th quarter valued at $58,000. Finally, SRS Capital Advisors Inc. bought a new position in Tripadvisor during the 4th quarter valued at $71,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Insider Buying and Selling at Tripadvisor

In other news, CEO Almir Ambeskovic sold 16,643 shares of the firm’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $15.33, for a total value of $255,137.19. Following the completion of the sale, the chief executive officer now owns 15,931 shares of the company’s stock, valued at $244,222.23. This trade represents a 51.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.10% of the company’s stock.

Wall Street Analysts Forecast Growth

TRIP has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price objective on Tripadvisor from $11.00 to $13.00 and gave the stock an “underweight” rating in a research note on Friday, May 9th. StockNews.com upgraded shares of Tripadvisor from a “hold” rating to a “buy” rating in a research report on Monday, February 24th. Cantor Fitzgerald cut their price target on shares of Tripadvisor from $14.00 to $13.00 and set an “underweight” rating for the company in a report on Friday, February 21st. DA Davidson reaffirmed a “neutral” rating and issued a $16.00 price objective on shares of Tripadvisor in a research note on Thursday, February 20th. Finally, Mizuho upgraded shares of Tripadvisor to a “hold” rating in a report on Friday, April 18th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.25.

Tripadvisor Price Performance

TRIP stock opened at $13.54 on Thursday. Tripadvisor, Inc. has a one year low of $10.43 and a one year high of $18.80. The firm has a 50-day moving average of $13.38 and a two-hundred day moving average of $14.57. The firm has a market capitalization of $1.92 billion, a PE ratio of 677.34, a P/E/G ratio of 9.01 and a beta of 1.27. The company has a current ratio of 2.10, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Wednesday, May 7th. The travel company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.09. The business had revenue of $398.00 million for the quarter, compared to analyst estimates of $386.94 million. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. The firm’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.12 earnings per share. On average, analysts forecast that Tripadvisor, Inc. will post 0.46 earnings per share for the current year.

Tripadvisor Company Profile

TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.