TripAdvisor, Inc. (NASDAQ:TRIP) Position Decreased by Capstone Asset Management Co.

Capstone Asset Management Co. lowered its position in shares of TripAdvisor, Inc. (NASDAQ:TRIP) by 4.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,732 shares of the travel company’s stock after selling 538 shares during the period. Capstone Asset Management Co.’s holdings in TripAdvisor were worth $410,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Candriam Luxembourg S.C.A. increased its stake in TripAdvisor by 62.8% in the first quarter. Candriam Luxembourg S.C.A. now owns 7,314 shares of the travel company’s stock worth $316,000 after buying an additional 2,821 shares during the last quarter. Retirement Systems of Alabama increased its stake in TripAdvisor by 14.5% in the first quarter. Retirement Systems of Alabama now owns 165,348 shares of the travel company’s stock worth $7,136,000 after buying an additional 20,959 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in TripAdvisor by 32.3% in the first quarter. Nisa Investment Advisors LLC now owns 22,357 shares of the travel company’s stock worth $965,000 after buying an additional 5,455 shares during the last quarter. DnB Asset Management AS bought a new stake in TripAdvisor during the first quarter worth $15,645,000. Finally, CWM LLC increased its stake in TripAdvisor by 35.1% in the first quarter. CWM LLC now owns 50,766 shares of the travel company’s stock worth $2,191,000 after buying an additional 13,194 shares during the last quarter. Hedge funds and other institutional investors own 89.37% of the company’s stock.

Shares of TripAdvisor, Inc. (NASDAQ TRIP) traded up 4.50% during midday trading on Friday, reaching $39.51. The company’s stock had a trading volume of 3,876,744 shares. TripAdvisor, Inc. has a 52-week low of $35.34 and a 52-week high of $70.37. The stock has a market cap of $5.58 billion, a price-to-earnings ratio of 55.57 and a beta of 2.36. The stock has a 50-day moving average price of $37.65 and a 200-day moving average price of $42.97.

TripAdvisor (NASDAQ:TRIP) last posted its earnings results on Tuesday, May 9th. The travel company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by $0.01. TripAdvisor had a return on equity of 8.87% and a net margin of 6.87%. The firm had revenue of $372 million for the quarter, compared to analysts’ expectations of $376.67 million. During the same quarter last year, the company posted $0.33 EPS. The firm’s revenue was up 5.7% on a year-over-year basis. Equities research analysts anticipate that TripAdvisor, Inc. will post $1.14 earnings per share for the current fiscal year.

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A number of research firms have recently weighed in on TRIP. Stifel Nicolaus upped their target price on TripAdvisor from $37.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, May 11th. Credit Suisse Group set a $45.00 target price on TripAdvisor and gave the company a “hold” rating in a research report on Tuesday, May 9th. Royal Bank Of Canada reiterated a “hold” rating and set a $48.00 target price on shares of TripAdvisor in a research report on Monday, May 8th. Cantor Fitzgerald restated a “hold” rating and set a $54.00 price objective on shares of TripAdvisor in a research report on Wednesday, May 10th. Finally, Zacks Investment Research upgraded TripAdvisor from a “sell” rating to a “hold” rating in a research report on Monday, May 15th. Eight investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has issued a buy rating to the company’s stock. TripAdvisor has an average rating of “Hold” and an average target price of $48.17.

TripAdvisor Company Profile

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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