Oppenheimer & Co. Inc. bought a new stake in shares of Tripadvisor Inc (NASDAQ:TRIP) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,657 shares of the travel company’s stock, valued at approximately $359,000.
Other institutional investors have also recently made changes to their positions in the company. IFP Advisors Inc increased its holdings in shares of Tripadvisor by 14.5% in the fourth quarter. IFP Advisors Inc now owns 1,901 shares of the travel company’s stock valued at $102,000 after purchasing an additional 241 shares during the last quarter. Atlas Capital Advisors LLC acquired a new stake in shares of Tripadvisor in the third quarter valued at approximately $173,000. Bbva Compass Bancshares Inc. purchased a new position in Tripadvisor in the third quarter worth approximately $202,000. Virtu Financial LLC purchased a new position in Tripadvisor in the fourth quarter worth approximately $203,000. Finally, Quantamental Technologies LLC purchased a new position in Tripadvisor in the fourth quarter worth approximately $203,000. 89.03% of the stock is owned by institutional investors and hedge funds.
In other news, SVP Seth J. Kalvert sold 15,653 shares of the firm’s stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $65.14, for a total transaction of $1,019,636.42. Following the completion of the transaction, the senior vice president now directly owns 15,653 shares in the company, valued at $1,019,636.42. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 3.10% of the company’s stock.
TRIP has been the subject of several analyst reports. Evercore ISI initiated coverage on Tripadvisor in a research report on Monday, October 15th. They issued an “in-line” rating and a $45.00 price objective for the company. Credit Suisse Group upgraded Tripadvisor from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $44.00 to $51.00 in a research report on Thursday, October 25th. Zacks Investment Research upgraded Tripadvisor from a “sell” rating to a “hold” rating in a research report on Thursday, October 25th. BidaskClub upgraded Tripadvisor from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. Finally, ValuEngine upgraded Tripadvisor from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 6th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $55.71.
TRIP opened at $59.20 on Monday. Tripadvisor Inc has a 52 week low of $36.27 and a 52 week high of $69.00. The firm has a market cap of $8.15 billion, a PE ratio of 123.33, a PEG ratio of 3.46 and a beta of 1.49.
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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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