Mn Services Vermogensbeheer B.V. increased its stake in shares of TripAdvisor, Inc. (NASDAQ:TRIP) by 499.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,253 shares of the travel company’s stock after buying an additional 16,040 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in TripAdvisor were worth $735,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. acquired a new stake in TripAdvisor during the first quarter worth $113,000. Bronfman E.L. Rothschild L.P. increased its stake in TripAdvisor by 4.2% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,967 shares of the travel company’s stock worth $171,000 after buying an additional 160 shares during the period. Sphera Funds Management LTD. acquired a new stake in TripAdvisor during the first quarter worth $173,000. Nordea Investment Management AB increased its stake in TripAdvisor by 3.5% in the first quarter. Nordea Investment Management AB now owns 4,597 shares of the travel company’s stock worth $198,000 after buying an additional 157 shares during the period. Finally, KCG Holdings Inc. acquired a new stake in TripAdvisor during the first quarter worth $205,000. Institutional investors own 90.70% of the company’s stock.
TripAdvisor, Inc. (NASDAQ:TRIP) traded down 2.39% on Thursday, hitting $39.21. The company had a trading volume of 3,789,968 shares. The stock has a market cap of $5.44 billion, a P/E ratio of 59.32 and a beta of 2.36. TripAdvisor, Inc. has a 12-month low of $35.34 and a 12-month high of $66.13. The firm’s 50 day moving average price is $38.56 and its 200 day moving average price is $42.13.
TripAdvisor (NASDAQ:TRIP) last released its earnings results on Tuesday, August 8th. The travel company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by $0.05. TripAdvisor had a return on equity of 8.62% and a net margin of 6.26%. The firm had revenue of $424 million for the quarter, compared to analyst estimates of $421.66 million. During the same period last year, the business earned $0.38 earnings per share. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. Equities analysts predict that TripAdvisor, Inc. will post $1.15 earnings per share for the current fiscal year.
A number of research firms recently weighed in on TRIP. Zacks Investment Research upgraded TripAdvisor from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Bank of America Corporation restated an “underperform” rating and issued a $30.00 price target (down from $35.00) on shares of TripAdvisor in a research note on Wednesday, August 9th. UBS AG restated a “neutral” rating and issued a $43.00 price target (down from $50.00) on shares of TripAdvisor in a research note on Thursday, August 10th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $32.00 price objective (down from $40.00) on shares of TripAdvisor in a report on Thursday, August 10th. Finally, Barclays PLC reaffirmed a “hold” rating and set a $47.00 price objective on shares of TripAdvisor in a report on Wednesday, August 9th. Nine research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $44.78.
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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