Marathon Asset Management LLP trimmed its position in shares of TripAdvisor, Inc. (NASDAQ:TRIP) by 1.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 338,545 shares of the travel company’s stock after selling 6,275 shares during the period. Marathon Asset Management LLP owned 0.24% of TripAdvisor worth $13,721,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. APG Asset Management N.V. boosted its holdings in shares of TripAdvisor by 47.5% in the third quarter. APG Asset Management N.V. now owns 60,841 shares of the travel company’s stock worth $2,466,000 after acquiring an additional 19,600 shares during the period. Boyd Watterson Asset Management LLC OH bought a new position in shares of TripAdvisor in the third quarter worth $285,000. Shell Asset Management Co. boosted its holdings in shares of TripAdvisor by 102.0% in the third quarter. Shell Asset Management Co. now owns 17,730 shares of the travel company’s stock worth $1,621,000 after acquiring an additional 8,954 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in shares of TripAdvisor in the third quarter worth $927,000. Finally, Toronto Dominion Bank boosted its holdings in shares of TripAdvisor by 22.8% in the second quarter. Toronto Dominion Bank now owns 37,507 shares of the travel company’s stock worth $1,432,000 after acquiring an additional 6,960 shares during the period. 87.57% of the stock is owned by institutional investors and hedge funds.
In related news, insider Dermot Halpin sold 12,859 shares of the firm’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $39.09, for a total value of $502,658.31. Following the sale, the insider now directly owns 5,364 shares of the company’s stock, valued at $209,678.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.09% of the stock is owned by company insiders.
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TRIP has been the subject of a number of analyst reports. Cowen and Company raised TripAdvisor from an “underperform” rating to a “market perform” rating and set a $35.00 price target for the company in a report on Wednesday, July 19th. Zacks Investment Research lowered TripAdvisor from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Jefferies Group LLC lowered TripAdvisor from a “hold” rating to an “underperform” rating and cut their price target for the stock from $50.00 to $30.00 in a report on Thursday, August 24th. Deutsche Bank AG lowered their price objective on TripAdvisor from $40.00 to $37.00 and set a “hold” rating on the stock in a research report on Tuesday, October 24th. Finally, Wells Fargo & Company reiterated a “hold” rating on shares of TripAdvisor in a research report on Thursday, July 27th. Nine analysts have rated the stock with a sell rating and nineteen have assigned a hold rating to the company. The stock presently has an average rating of “Hold” and an average target price of $40.26.
Shares of TripAdvisor, Inc. (NASDAQ TRIP) traded down $0.37 during trading hours on Friday, hitting $31.19. The stock had a trading volume of 2,806,800 shares, compared to its average volume of 3,084,657. TripAdvisor, Inc. has a 52-week low of $29.79 and a 52-week high of $53.58. The company has a market capitalization of $4,378.98, a PE ratio of 45.74, a P/E/G ratio of 2.35 and a beta of 2.33. The company has a quick ratio of 1.90, a current ratio of 2.47 and a debt-to-equity ratio of 0.19.
TripAdvisor (NASDAQ:TRIP) last posted its earnings results on Monday, November 6th. The travel company reported $0.36 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. The company had revenue of $439.00 million for the quarter, compared to analysts’ expectations of $451.27 million. TripAdvisor had a return on equity of 6.81% and a net margin of 4.26%. TripAdvisor’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the firm earned $0.53 earnings per share. research analysts expect that TripAdvisor, Inc. will post 0.68 EPS for the current fiscal year.
TripAdvisor Company Profile
TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.
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