Xact Kapitalforvaltning AB lessened its position in shares of Tripadvisor Inc (NASDAQ:TRIP) by 20.6% in the third quarter, HoldingsChannel.com reports. The fund owned 16,848 shares of the travel company’s stock after selling 4,379 shares during the period. Xact Kapitalforvaltning AB’s holdings in Tripadvisor were worth $860,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. Advisory Services Network LLC lifted its stake in Tripadvisor by 10,215.8% in the 2nd quarter. Advisory Services Network LLC now owns 1,960 shares of the travel company’s stock valued at $119,000 after purchasing an additional 1,941 shares during the last quarter. NumerixS Investment Technologies Inc bought a new position in Tripadvisor in the 2nd quarter valued at approximately $133,000. Tower Research Capital LLC TRC lifted its stake in Tripadvisor by 72.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,728 shares of the travel company’s stock valued at $152,000 after purchasing an additional 1,147 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. lifted its stake in Tripadvisor by 200.0% in the 2nd quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,000 shares of the travel company’s stock valued at $167,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Advisors Preferred LLC bought a new position in Tripadvisor in the 2nd quarter valued at approximately $175,000. 89.58% of the stock is owned by institutional investors.
In other Tripadvisor news, insider Noel Bertram Watson sold 726 shares of the company’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $53.71, for a total value of $38,993.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.10% of the company’s stock.
Shares of NASDAQ TRIP opened at $53.24 on Tuesday. Tripadvisor Inc has a 52-week low of $29.50 and a 52-week high of $62.36. The company has a market capitalization of $7.38 billion, a price-to-earnings ratio of 110.92, a price-to-earnings-growth ratio of 3.92 and a beta of 1.48.
Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Wednesday, August 1st. The travel company reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.16. Tripadvisor had a negative net margin of 1.40% and a positive return on equity of 4.36%. The firm had revenue of $433.00 million during the quarter, compared to analysts’ expectations of $434.86 million. During the same period in the prior year, the company posted $0.38 EPS. The company’s revenue was up 2.1% on a year-over-year basis. Equities research analysts predict that Tripadvisor Inc will post 0.82 earnings per share for the current year.
TRIP has been the subject of several research reports. DA Davidson increased their price objective on shares of Tripadvisor to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, July 10th. Barclays raised shares of Tripadvisor from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $49.00 to $70.00 in a research note on Wednesday, July 11th. ValuEngine raised shares of Tripadvisor from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 11th. BidaskClub raised shares of Tripadvisor from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 20th. Finally, Deutsche Bank increased their price objective on shares of Tripadvisor from $50.00 to $53.00 and gave the company a “hold” rating in a research note on Tuesday, July 31st. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $47.33.
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TripAdvisor, Inc operates as an online travel company. The company operates in two segments, Hotel and Non-Hotel. Its travel platform aggregates reviews and opinions of members about destinations, accommodations, activities and attractions, and restaurants, which enables users to research and plan their travel experiences, as well as book hotels, flights, cruises, vacation rentals, tours, activities and attractions, and restaurant reservations on its site or mobile app, or on the site or app of travel partner sites.
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