IMA Advisory Services Inc. Buys Shares of 130,662 TripAdvisor, Inc. $TRIP

IMA Advisory Services Inc. purchased a new stake in TripAdvisor, Inc. (NASDAQ:TRIP) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 130,662 shares of the travel company’s stock, valued at approximately $1,902,000. IMA Advisory Services Inc. owned about 0.11% of TripAdvisor at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Essex Investment Management Co. LLC grew its position in shares of TripAdvisor by 75.7% in the third quarter. Essex Investment Management Co. LLC now owns 1,523 shares of the travel company’s stock valued at $25,000 after purchasing an additional 656 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in TripAdvisor by 39.7% during the third quarter. Smartleaf Asset Management LLC now owns 2,482 shares of the travel company’s stock worth $42,000 after acquiring an additional 705 shares during the last quarter. CIBC Private Wealth Group LLC acquired a new stake in TripAdvisor during the third quarter worth approximately $58,000. State of Wyoming acquired a new stake in TripAdvisor during the third quarter worth approximately $60,000. Finally, Tower Research Capital LLC TRC boosted its position in TripAdvisor by 308.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,077 shares of the travel company’s stock worth $53,000 after acquiring an additional 3,078 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TripAdvisor

In related news, CEO Almir Ambeskovic sold 8,000 shares of TripAdvisor stock in a transaction on 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 in the company, valued at approximately $423,070.80. The trade was a 18.87% decrease in their position. The transaction 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. Insiders own 3.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on TRIP shares. The Goldman Sachs Group decreased their target price on shares of TripAdvisor from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. BTIG Research restated a “buy” rating and set a $15.00 target price on shares of TripAdvisor in a research report on Friday, May 29th. Wedbush assumed coverage on shares of TripAdvisor in a research report on Tuesday, June 2nd. They set an “outperform” rating and a $19.00 target price on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of TripAdvisor in a report on Friday, May 15th. Finally, JPMorgan Chase & Co. decreased their price target on shares of TripAdvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a report on Friday, May 8th. Five investment 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. Based on data from MarketBeat.com, TripAdvisor currently has an average rating of “Hold” and an average target price of $14.76.

TripAdvisor Price Performance

Shares of TRIP opened at $11.86 on Monday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.36. The firm has a market cap of $1.38 billion, a PE ratio of 118.61, a price-to-earnings-growth ratio of 2.33 and a beta of 0.90. The company’s fifty day moving average is $10.76 and its two-hundred day moving average is $12.07. TripAdvisor, Inc. has a fifty-two week low of $9.01 and a fifty-two week high of $20.16.

TripAdvisor (NASDAQ:TRIP) last posted its earnings results on Thursday, May 7th. The travel company reported ($0.11) earnings per share for the quarter, missing the consensus estimate 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 net margin of 0.99% and a return on equity of 5.73%. The business’s revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 EPS. Analysts forecast that TripAdvisor, Inc. will post 0.69 earnings per share for the current year.

TripAdvisor Company 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.