Westfield Capital Management Co. LP bought a new stake in TripAdvisor, Inc. (NASDAQ:TRIP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,600 shares of the travel company’s stock, valued at approximately $252,000.
Other large investors have also recently modified their holdings of the company. Oppenheimer Asset Management Inc. purchased a new stake in shares of TripAdvisor in the first quarter valued at about $113,000. Sphera Funds Management LTD. purchased a new stake in shares of TripAdvisor in the first quarter valued at about $173,000. Nordea Investment Management AB boosted its holdings in shares of TripAdvisor by 3.5% in the first quarter. Nordea Investment Management AB now owns 4,597 shares of the travel company’s stock valued at $198,000 after acquiring an additional 157 shares in the last quarter. KCG Holdings Inc. purchased a new stake in shares of TripAdvisor in the first quarter valued at about $205,000. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of TripAdvisor by 7.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 5,303 shares of the travel company’s stock valued at $229,000 after acquiring an additional 377 shares in the last quarter. 86.18% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have recently weighed in on TRIP shares. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $47.00 target price on shares of TripAdvisor in a report on Monday, August 7th. Zacks Investment Research raised shares of TripAdvisor from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. SunTrust Banks, Inc. started coverage on shares of TripAdvisor in a report on Tuesday, August 15th. They issued a “hold” rating and a $44.00 target price on the stock. Credit Suisse Group downgraded shares of TripAdvisor from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $40.00 to $34.00 in a report on Monday, June 19th. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $42.00 target price on shares of TripAdvisor in a report on Tuesday, September 12th. Nine equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $43.44.
TripAdvisor, Inc. (TRIP) opened at 43.60 on Wednesday. The firm has a market cap of $6.05 billion, a price-to-earnings ratio of 65.96 and a beta of 2.37. The stock has a 50 day moving average of $41.78 and a 200-day moving average of $41.18. TripAdvisor, Inc. has a 52-week low of $35.34 and a 52-week high of $66.13.
TripAdvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Tuesday, August 8th. The travel company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.05). TripAdvisor had a net margin of 6.26% and a return on equity of 8.62%. The business had revenue of $424.00 million for the quarter, compared to the consensus estimate of $421.66 million. During the same quarter last year, the business posted $0.38 EPS. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, analysts expect that TripAdvisor, Inc. will post $1.15 EPS for the current year.
COPYRIGHT VIOLATION NOTICE: This report was posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this report on another website, it was illegally stolen and republished in violation of international copyright laws. The correct version of this report can be read at https://stocknewstimes.com/2017/09/20/westfield-capital-management-co-lp-buys-new-holdings-in-tripadvisor-inc-trip.html.
In other TripAdvisor news, insider Dermot Halpin sold 12,859 shares of the firm’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $39.09, for a total value of $502,658.31. Following the completion of the transaction, the insider now directly owns 5,364 shares in the company, valued at $209,678.76. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.98% of the company’s stock.
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.
Receive News & Ratings for TripAdvisor Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TripAdvisor Inc. and related companies with MarketBeat.com's FREE daily email newsletter.