Vident Advisory LLC Grows Holdings in Tripadvisor, Inc. (NASDAQ:TRIP)

Vident Advisory LLC increased its position in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 22.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 164,792 shares of the travel company’s stock after purchasing an additional 30,752 shares during the quarter. Vident Advisory LLC owned approximately 0.12% of Tripadvisor worth $2,434,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TRIP. Ameriprise Financial Inc. boosted its holdings in Tripadvisor by 179.5% during the fourth quarter. Ameriprise Financial Inc. now owns 4,412,426 shares of the travel company’s stock worth $65,172,000 after purchasing an additional 2,833,528 shares during the last quarter. AQR Capital Management LLC raised its position in Tripadvisor by 40.1% in the fourth quarter. AQR Capital Management LLC now owns 3,364,542 shares of the travel company’s stock worth $49,694,000 after acquiring an additional 962,262 shares during the period. Toronado Partners LLC bought a new stake in Tripadvisor in the fourth quarter worth about $10,533,000. Gotham Asset Management LLC raised its position in Tripadvisor by 170.6% in the fourth quarter. Gotham Asset Management LLC now owns 1,073,773 shares of the travel company’s stock worth $15,860,000 after acquiring an additional 676,977 shares during the period. Finally, SG Americas Securities LLC raised its position in Tripadvisor by 679.5% in the fourth quarter. SG Americas Securities LLC now owns 738,731 shares of the travel company’s stock worth $10,911,000 after acquiring an additional 643,963 shares during the period. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Tripadvisor

In other Tripadvisor news, CEO Almir Ambeskovic sold 16,643 shares of the company’s stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $15.33, for a total value of $255,137.19. Following the transaction, the chief executive officer now directly owns 15,931 shares in the company, valued at $244,222.23. This represents a 51.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.10% of the stock is owned by corporate insiders.

Tripadvisor Stock Performance

NASDAQ TRIP opened at $13.54 on Thursday. The company’s 50 day moving average is $13.38 and its 200-day moving average is $14.57. Tripadvisor, Inc. has a 12-month low of $10.43 and a 12-month high of $18.80. The company has a quick ratio of 1.85, a current ratio of 2.10 and a debt-to-equity ratio of 0.93. The firm has a market cap of $1.92 billion, a P/E ratio of 677.34, a price-to-earnings-growth ratio of 9.01 and a beta of 1.27.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Wednesday, May 7th. The travel company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.09. The company 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 company’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 earnings per share. Sell-side analysts predict that Tripadvisor, Inc. will post 0.46 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have commented on TRIP shares. UBS Group lifted their price objective on shares of Tripadvisor from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, May 8th. Cantor Fitzgerald lowered their price objective on shares of Tripadvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a research 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 report on Thursday, February 20th. JPMorgan Chase & Co. lifted their price objective on shares of Tripadvisor from $11.00 to $13.00 and gave the stock an “underweight” rating in a research report on Friday, May 9th. Finally, Mizuho raised shares of Tripadvisor to a “hold” rating in a research report on Friday, April 18th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $17.25.

About Tripadvisor

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.