683 Capital Management LLC lowered its stake in shares of Tripadvisor Inc (NASDAQ:TRIP) by 13.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 259,000 shares of the travel company’s stock after selling 41,000 shares during the quarter. Tripadvisor makes up about 0.8% of 683 Capital Management LLC’s investment portfolio, making the stock its 25th largest holding. 683 Capital Management LLC owned approximately 0.19% of Tripadvisor worth $8,925,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Tripadvisor by 3.9% during the fourth quarter. BlackRock Inc. now owns 10,284,829 shares of the travel company’s stock worth $354,417,000 after buying an additional 386,662 shares in the last quarter. Jackson Square Partners LLC grew its position in shares of Tripadvisor by 2.8% during the third quarter. Jackson Square Partners LLC now owns 10,279,727 shares of the travel company’s stock worth $416,637,000 after buying an additional 283,336 shares in the last quarter. Carmignac Gestion grew its position in shares of Tripadvisor by 9.4% during the third quarter. Carmignac Gestion now owns 6,851,065 shares of the travel company’s stock worth $277,674,000 after buying an additional 585,879 shares in the last quarter. Brown Advisory Inc. grew its position in shares of Tripadvisor by 2.2% during the third quarter. Brown Advisory Inc. now owns 6,284,998 shares of the travel company’s stock worth $254,731,000 after buying an additional 135,568 shares in the last quarter. Finally, Macquarie Group Ltd. grew its position in shares of Tripadvisor by 4.7% during the fourth quarter. Macquarie Group Ltd. now owns 2,731,365 shares of the travel company’s stock worth $94,403,000 after buying an additional 121,700 shares in the last quarter. 89.11% of the stock is owned by institutional investors and hedge funds.
Shares of Tripadvisor Inc (TRIP) opened at $42.72 on Tuesday. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $6,083.24, a price-to-earnings ratio of -305.12, a price-to-earnings-growth ratio of 4.65 and a beta of 1.95. Tripadvisor Inc has a one year low of $29.50 and a one year high of $50.95.
Tripadvisor (NASDAQ:TRIP) last posted its earnings results on Wednesday, February 14th. The travel company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.08). The company had revenue of $321.00 million during the quarter, compared to the consensus estimate of $309.12 million. Tripadvisor had a negative net margin of 1.22% and a positive return on equity of 5.63%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.16 earnings per share. equities research analysts anticipate that Tripadvisor Inc will post 0.63 EPS for the current fiscal year.
Tripadvisor announced that its board has initiated a share repurchase plan on Wednesday, February 14th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the travel company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
A number of analysts have recently weighed in on the stock. BidaskClub raised shares of Tripadvisor from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. ValuEngine cut Tripadvisor from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Zacks Investment Research upgraded Tripadvisor from a “sell” rating to a “hold” rating in a research note on Wednesday, February 21st. Barclays restated an “equal weight” rating and set a $41.00 price objective (up from $35.00) on shares of Tripadvisor in a research note on Friday, February 16th. Finally, SunTrust Banks restated a “hold” rating on shares of Tripadvisor in a research note on Friday, February 16th. Six analysts have rated the stock with a sell rating and eighteen have assigned a hold rating to the company. The company currently has an average rating of “Hold” and an average price target of $40.06.
In other Tripadvisor news, CFO Ernst 02494 Teunissen sold 9,457 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $40.00, for a total value of $378,280.00. Following the sale, the chief financial officer now directly owns 13,866 shares in the company, valued at $554,640. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dermot Halpin sold 26,313 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $42.49, for a total value of $1,118,039.37. The disclosure for this sale can be found here. Company insiders own 1.09% of the company’s stock.
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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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