Westfield Capital Management Co. LP Buys New Holdings in TripAdvisor, Inc. (TRIP)

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.

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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 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.

Institutional Ownership by Quarter for TripAdvisor (NASDAQ:TRIP)

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