SG Americas Securities LLC lifted its holdings in Tripadvisor Inc (NASDAQ:TRIP) by 1,775.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 128,970 shares of the travel company’s stock after acquiring an additional 122,094 shares during the quarter. SG Americas Securities LLC owned 0.09% of Tripadvisor worth $5,227,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in TRIP. Matrix Capital Management Company LP increased its stake in shares of Tripadvisor by 152.3% in the second quarter. Matrix Capital Management Company LP now owns 3,532,600 shares of the travel company’s stock worth $134,945,000 after acquiring an additional 2,132,600 shares during the period. BlackRock Inc. grew its position in Tripadvisor by 23.9% during the second quarter. BlackRock Inc. now owns 8,883,209 shares of the travel company’s stock valued at $339,338,000 after buying an additional 1,713,523 shares during the period. Sumitomo Mitsui Asset Management Company LTD grew its position in Tripadvisor by 12,501.8% during the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,377,381 shares of the travel company’s stock valued at $55,825,000 after buying an additional 1,366,451 shares during the period. Contrarius Investment Management Ltd acquired a new stake in Tripadvisor during the second quarter valued at $38,084,000. Finally, Pictet Asset Management Ltd. grew its position in Tripadvisor by 95.5% during the third quarter. Pictet Asset Management Ltd. now owns 1,136,158 shares of the travel company’s stock valued at $46,049,000 after buying an additional 555,106 shares during the period. Hedge funds and other institutional investors own 88.76% of the company’s stock.
Several equities analysts have issued reports on TRIP shares. Royal Bank Of Canada reaffirmed a “hold” rating and set a $47.00 price objective on shares of Tripadvisor in a report on Monday, August 7th. SunTrust Banks began coverage on shares of Tripadvisor in a report on Tuesday, August 15th. They set a “hold” rating and a $44.00 price objective on the stock. Zacks Investment Research downgraded shares of Tripadvisor from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Hilliard Lyons downgraded shares of Tripadvisor from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 8th. Finally, Cowen reaffirmed a “hold” rating and set a $42.00 target price on shares of Tripadvisor in a research note on Tuesday, September 12th. Eight equities research analysts have rated the stock with a sell rating and twenty have given a hold rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $39.95.
Tripadvisor Inc (NASDAQ TRIP) traded up $0.47 during trading hours on Monday, hitting $34.76. 3,510,349 shares of the stock were exchanged, compared to its average volume of 3,183,975. The firm has a market cap of $4,762.13, a PE ratio of 49.70, a PEG ratio of 2.78 and a beta of 2.32. Tripadvisor Inc has a fifty-two week low of $29.50 and a fifty-two week high of $53.58. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.47 and a current ratio of 2.47.
Tripadvisor (NASDAQ:TRIP) last released its earnings results on Monday, November 6th. The travel company reported $0.36 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.36. The company had revenue of $439.00 million for the quarter, compared to analyst estimates of $451.27 million. Tripadvisor had a net margin of 4.26% and a return on equity of 6.81%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 EPS. analysts forecast that Tripadvisor Inc will post 0.69 EPS for the current year.
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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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