Callodine Capital Management LP Invests $6.14 Million in TripAdvisor, Inc. $TRIP

Callodine Capital Management LP purchased a new position in TripAdvisor, Inc. (NASDAQ:TRIP) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 576,249 shares of the travel company’s stock, valued at approximately $6,143,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. K.J. Harrison & Partners Inc increased its position in TripAdvisor by 316.7% in the first quarter. K.J. Harrison & Partners Inc now owns 125,000 shares of the travel company’s stock worth $1,332,000 after buying an additional 95,000 shares during the period. Leonteq Securities AG boosted its holdings in shares of TripAdvisor by 153.9% during the first quarter. Leonteq Securities AG now owns 242,483 shares of the travel company’s stock valued at $2,585,000 after acquiring an additional 146,977 shares during the period. SG Americas Securities LLC grew its position in shares of TripAdvisor by 1,712.3% during the fourth quarter. SG Americas Securities LLC now owns 1,107,995 shares of the travel company’s stock worth $16,132,000 after acquiring an additional 1,046,858 shares during the last quarter. U S Global Investors Inc. grew its position in shares of TripAdvisor by 32.3% during the first quarter. U S Global Investors Inc. now owns 1,372,941 shares of the travel company’s stock worth $14,636,000 after acquiring an additional 335,087 shares during the last quarter. Finally, Blue Grotto Capital LLC grew its position in shares of TripAdvisor by 24.2% during the fourth quarter. Blue Grotto Capital LLC now owns 1,615,000 shares of the travel company’s stock worth $23,514,000 after acquiring an additional 315,000 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

TripAdvisor Trading Up 1.6%

NASDAQ:TRIP opened at $13.70 on Friday. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 137.01, a PEG ratio of 2.69 and a beta of 0.86. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.25 and a current ratio of 1.25. TripAdvisor, Inc. has a 1 year low of $9.01 and a 1 year high of $20.16. The business has a fifty day moving average of $12.57 and a 200-day moving average of $11.77.

TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings data 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 company had revenue of $382.40 million for the quarter, compared to the consensus estimate of $384.69 million. TripAdvisor had a net margin of 0.99% and a return on equity of 5.73%. TripAdvisor’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.14 earnings per share. Equities analysts predict that TripAdvisor, Inc. will post 0.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TRIP shares. Weiss Ratings reiterated a “sell (d)” rating on shares of TripAdvisor in a research report on Friday, May 15th. Wedbush upped their target price on shares of TripAdvisor from $19.00 to $20.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 16th. Barclays dropped their price target on shares of TripAdvisor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Monday, May 11th. BTIG Research cut TripAdvisor from a “buy” rating to a “neutral” rating in a report on Tuesday. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $16.00 price target on shares of TripAdvisor in a report on Monday, July 20th. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, TripAdvisor has a consensus rating of “Reduce” and a consensus target price of $14.76.

Insider Transactions at TripAdvisor

In other TripAdvisor news, CEO Almir Ambeskovic sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $12.30, for a total transaction of $98,400.00. Following the transaction, the chief executive officer owned 34,396 shares of the company’s stock, valued at approximately $423,070.80. This trade represents a 18.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.00% of the stock is owned by corporate insiders.

TripAdvisor Profile

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.