Lightrock Netherlands B.V. Has $6.61 Million Stake in TripAdvisor, Inc. $TRIP

Lightrock Netherlands B.V. lowered its holdings in TripAdvisor, Inc. (NASDAQ:TRIP) by 42.2% in the first quarter, Holdings Channel reports. The firm owned 619,718 shares of the travel company’s stock after selling 453,092 shares during the quarter. TripAdvisor comprises about 0.7% of Lightrock Netherlands B.V.’s holdings, making the stock its 27th biggest position. Lightrock Netherlands B.V.’s holdings in TripAdvisor were worth $6,606,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. UMB Bank n.a. lifted its position in TripAdvisor by 295.2% during the 4th quarter. UMB Bank n.a. now owns 2,300 shares of the travel company’s stock worth $33,000 after buying an additional 1,718 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of TripAdvisor during the 4th quarter worth about $33,000. Rockefeller Capital Management L.P. grew its holdings in shares of TripAdvisor by 192.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,767 shares of the travel company’s stock valued at $40,000 after acquiring an additional 1,821 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of TripAdvisor by 308.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,077 shares of the travel company’s stock valued at $53,000 after acquiring an additional 3,078 shares in the last quarter. Finally, CIBC Private Wealth Group LLC acquired a new stake in shares of TripAdvisor in the third quarter valued at about $58,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TripAdvisor

In other news, CEO Almir Ambeskovic sold 8,000 shares of TripAdvisor stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $12.30, for a total transaction of $98,400.00. Following the completion of the transaction, the chief executive officer directly owned 34,396 shares in the company, valued at approximately $423,070.80. The trade was a 18.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.00% of the company’s stock.

TripAdvisor Trading Up 2.0%

Shares of NASDAQ:TRIP opened at $14.89 on Friday. TripAdvisor, Inc. has a 52-week low of $9.01 and a 52-week high of $20.16. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market capitalization of $1.73 billion, a P/E ratio of 148.91, a price-to-earnings-growth ratio of 2.86 and a beta of 0.86. The company has a 50-day simple moving average of $12.06 and a 200 day simple moving average of $11.77.

TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Thursday, May 7th. The travel company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.08). The business had revenue of $382.40 million for the quarter, compared to analyst estimates of $384.69 million. TripAdvisor had a return on equity of 5.73% and a net margin of 0.99%.TripAdvisor’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period last year, the firm earned $0.14 EPS. Sell-side analysts forecast that TripAdvisor, Inc. will post 0.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TRIP. DA Davidson upped their target price on TripAdvisor from $10.50 to $15.50 and gave the stock a “neutral” rating in a report on Monday, June 15th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of TripAdvisor in a research report on Friday, May 15th. UBS Group dropped their price objective on TripAdvisor from $16.00 to $13.70 and set a “neutral” rating on the stock in a research note on Monday, April 27th. Wedbush increased their price objective on TripAdvisor from $19.00 to $20.00 and gave the company an “outperform” rating in a report on Tuesday, June 16th. Finally, JPMorgan Chase & Co. cut their price objective on TripAdvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Friday, May 8th. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $15.19.

About TripAdvisor

TripAdvisor (NASDAQ:TRIP) is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company’s flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor’s offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.