Tripadvisor, Inc. (NASDAQ:TRIP) Shares Sold by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB reduced its position in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 90.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,936 shares of the travel company’s stock after selling 18,064 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Tripadvisor were worth $27,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TRIP. ExodusPoint Capital Management LP acquired a new position in shares of Tripadvisor during the 4th quarter valued at about $5,170,000. Ieq Capital LLC increased its stake in shares of Tripadvisor by 391.1% during the 4th quarter. Ieq Capital LLC now owns 63,680 shares of the travel company’s stock valued at $941,000 after acquiring an additional 50,713 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Tripadvisor during the 4th quarter valued at about $308,000. U S Global Investors Inc. increased its stake in shares of Tripadvisor by 2.0% during the 4th quarter. U S Global Investors Inc. now owns 1,543,056 shares of the travel company’s stock valued at $22,791,000 after acquiring an additional 30,508 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Tripadvisor by 6.3% during the 4th quarter. Northern Trust Corp now owns 656,986 shares of the travel company’s stock valued at $9,704,000 after acquiring an additional 38,858 shares during the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Almir Ambeskovic sold 16,643 shares of the business’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $15.33, for a total transaction of $255,137.19. Following the transaction, the chief executive officer now owns 15,931 shares of the company’s stock, valued at approximately $244,222.23. The trade was a 51.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.10% of the stock is currently owned by insiders.

Tripadvisor Trading Up 0.2%

NASDAQ:TRIP opened at $14.04 on Wednesday. The company’s 50 day moving average is $13.25 and its 200-day moving average is $14.49. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 702.35, a P/E/G ratio of 9.01 and a beta of 1.27. The company has a quick ratio of 1.85, a current ratio of 2.10 and a debt-to-equity ratio of 0.93. Tripadvisor, Inc. has a 12 month low of $10.43 and a 12 month high of $18.80.

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

Analyst Ratings Changes

A number of analysts recently issued reports on TRIP shares. Wall Street Zen raised shares of Tripadvisor from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 24th. JPMorgan Chase & Co. increased their target price 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. B. Riley dropped their target price on shares of Tripadvisor from $20.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, March 10th. Citigroup assumed coverage on shares of Tripadvisor in a research report on Wednesday, May 28th. They issued a “neutral” rating and a $16.00 price objective for the company. Finally, Cantor Fitzgerald dropped their price objective on shares of Tripadvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a research note on Friday, February 21st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Tripadvisor has an average rating of “Hold” and a consensus price target of $17.27.

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.