Deutsche Bank AG Acquires New Shares in TripAdvisor, Inc. $TRIP

Deutsche Bank AG acquired a new position in TripAdvisor, Inc. (NASDAQ:TRIP) in the 2nd quarter, Holdings Channel reports. The firm acquired 128,389 shares of the travel company’s stock, valued at approximately $1,760,000.

Other hedge funds have also modified their holdings of the company. Essex Financial Services Inc. increased its position in shares of TripAdvisor by 4.5% during the 4th quarter. Essex Financial Services Inc. now owns 17,864 shares of the travel company’s stock worth $260,000 after purchasing an additional 776 shares during the last quarter. Acorn Financial Advisory Services Inc. ADV raised its stake in shares of TripAdvisor by 1.3% in the 4th quarter. Acorn Financial Advisory Services Inc. ADV now owns 64,053 shares of the travel company’s stock valued at $933,000 after acquiring an additional 847 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of TripAdvisor by 13.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,812 shares of the travel company’s stock worth $143,000 after acquiring an additional 1,126 shares during the last quarter. Illinois Municipal Retirement Fund boosted its position in shares of TripAdvisor by 2.0% during the 1st quarter. Illinois Municipal Retirement Fund now owns 61,011 shares of the travel company’s stock worth $650,000 after purchasing an additional 1,216 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in TripAdvisor by 3.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,142 shares of the travel company’s stock worth $614,000 after purchasing an additional 1,395 shares in the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Almir Ambeskovic sold 8,000 shares of the firm’s 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 transaction, the chief executive officer owned 34,396 shares in the company, valued at $423,070.80. This trade represents a 18.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Barclays cut 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. Weiss Ratings reissued a “sell (d)” rating on shares of TripAdvisor in a research report on Wednesday, August 12th. The Goldman Sachs Group reiterated a “buy” rating and issued a $16.00 price objective on shares of TripAdvisor in a research note on Monday, July 20th. Wedbush boosted their target price on TripAdvisor from $19.00 to $20.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 16th. Finally, UBS Group cut their price target on TripAdvisor from $15.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, August 11th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $14.12.

TripAdvisor Trading Up 0.8%

Shares of TripAdvisor stock opened at $9.87 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.28. The company has a fifty day simple moving average of $12.70 and a 200-day simple moving average of $11.42. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 987.99, a PEG ratio of 3.64 and a beta of 0.86. TripAdvisor, Inc. has a 12-month low of $9.01 and a 12-month high of $20.16.

TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Thursday, August 6th. The travel company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.03). TripAdvisor had a return on equity of 4.23% and a net margin of 0.28%.The company had revenue of $385.30 million for the quarter, compared to analyst estimates of $506.27 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. TripAdvisor’s revenue was down 7.2% compared to the same quarter last year. On average, equities analysts forecast that TripAdvisor, Inc. will post 0.36 EPS for the current fiscal year.

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.