Pitcairn Co. lowered its position in TripAdvisor, Inc. (NASDAQ:TRIP) by 12.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,764 shares of the travel company’s stock after selling 5,688 shares during the period. Pitcairn Co.’s holdings in TripAdvisor were worth $1,480,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Mn Services Vermogensbeheer B.V. raised its position in shares of TripAdvisor by 6.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,213 shares of the travel company’s stock worth $130,000 after buying an additional 201 shares during the last quarter. Global Thematic Partners LLC purchased a new position in shares of TripAdvisor during the first quarter worth approximately $17,286,000. Candriam Luxembourg S.C.A. raised its position in shares of 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 raised its position in shares of 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. Finally, Nisa Investment Advisors LLC raised its position in shares of 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. Institutional investors own 89.06% of the company’s stock.
Shares of TripAdvisor, Inc. (TRIP) opened at 42.18 on Friday. The firm has a market cap of $5.85 billion, a price-to-earnings ratio of 63.81 and a beta of 2.36. The stock’s 50 day moving average price is $38.21 and its 200-day moving average price is $42.44. TripAdvisor, Inc. has a 52-week low of $35.34 and a 52-week high of $66.13.
TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Tuesday, August 8th. The travel company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by $0.05. The business had revenue of $424 million during the quarter, compared to analyst estimates of $421.66 million. TripAdvisor had a net margin of 6.26% and a return on equity of 8.62%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 earnings per share. On average, analysts forecast that TripAdvisor, Inc. will post $1.15 EPS for the current year.
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TRIP has been the subject of a number of recent research reports. Royal Bank Of Canada restated a “hold” rating and issued a $47.00 target price on shares of TripAdvisor in a research note on Monday, August 7th. Zacks Investment Research upgraded TripAdvisor from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Vetr lowered TripAdvisor from a “buy” rating to a “hold” rating and set a $42.29 target price for the company. in a research note on Monday, April 17th. Credit Suisse Group lowered TripAdvisor from a “neutral” rating to an “underperform” rating and cut their target price for the company from $40.00 to $34.00 in a research note on Monday, June 19th. Finally, Barclays PLC cut their target price on TripAdvisor from $52.00 to $48.00 and set an “equal weight” rating for the company in a research note on Monday, August 7th. Nine equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has assigned a buy rating to the company. TripAdvisor presently has an average rating of “Hold” and an average price target of $44.82.
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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