Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Tripadvisor Inc (NASDAQ:TRIP) by 58.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,864 shares of the travel company’s stock after acquiring an additional 11,775 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Tripadvisor were worth $1,627,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Advisory Services Network LLC lifted its stake in Tripadvisor by 10,215.8% in the second quarter. Advisory Services Network LLC now owns 1,960 shares of the travel company’s stock valued at $119,000 after buying an additional 1,941 shares during the period. NumerixS Investment Technologies Inc acquired a new position in Tripadvisor in the second quarter valued at about $133,000. Tower Research Capital LLC TRC lifted its stake in Tripadvisor by 72.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,728 shares of the travel company’s stock valued at $152,000 after buying an additional 1,147 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. lifted its stake in Tripadvisor by 200.0% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,000 shares of the travel company’s stock valued at $167,000 after buying an additional 2,000 shares during the period. Finally, Atlas Capital Advisors LLC acquired a new position in Tripadvisor in the third quarter valued at about $173,000. 88.79% of the stock is currently owned by institutional investors and hedge funds.
Shares of Tripadvisor stock opened at $63.22 on Wednesday. Tripadvisor Inc has a 1 year low of $34.00 and a 1 year high of $69.00. The stock has a market capitalization of $8.82 billion, a price-to-earnings ratio of 131.71, a price-to-earnings-growth ratio of 4.12 and a beta of 1.51.
Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Wednesday, November 7th. The travel company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.24. Tripadvisor had a return on equity of 7.46% and a net margin of 1.38%. The company had revenue of $458.00 million during the quarter, compared to the consensus estimate of $469.09 million. During the same period in the prior year, the company earned $0.36 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, sell-side analysts predict that Tripadvisor Inc will post 1.12 EPS for the current fiscal year.
Several research firms have weighed in on TRIP. SunTrust Banks increased their target price on Tripadvisor to $66.00 and gave the company a “hold” rating in a research note on Friday, November 9th. Bank of America increased their target price on Tripadvisor from $38.00 to $43.00 and gave the company an “underperform” rating in a research note on Thursday, November 8th. Evercore ISI began coverage on Tripadvisor in a research note on Monday, October 15th. They issued an “in-line” rating and a $45.00 target price on the stock. Zacks Investment Research lowered Tripadvisor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 7th. Finally, Credit Suisse Group increased their target price on Tripadvisor from $51.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, November 9th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating, two have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Tripadvisor has an average rating of “Hold” and a consensus price target of $55.71.
In related news, insider Noel Bertram Watson sold 723 shares of the stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $63.30, for a total transaction of $45,765.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.10% of the stock is owned by corporate insiders.
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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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