Ladenburg Thalmann Financial Services Inc. Sells 3,623 Shares of TripAdvisor (TRIP)

Ladenburg Thalmann Financial Services Inc. trimmed its holdings in TripAdvisor (NASDAQ:TRIP) by 27.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,820 shares of the travel company’s stock after selling 3,623 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in TripAdvisor were worth $337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of TRIP. Cornerstone Capital Management Holdings LLC. boosted its holdings in shares of TripAdvisor by 6.8% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 20,386 shares of the travel company’s stock worth $701,000 after buying an additional 1,301 shares during the last quarter. LS Investment Advisors LLC lifted its holdings in TripAdvisor by 25.8% during the fourth quarter. LS Investment Advisors LLC now owns 8,642 shares of the travel company’s stock valued at $298,000 after purchasing an additional 1,775 shares in the last quarter. TIAA CREF Investment Management LLC lifted its holdings in TripAdvisor by 0.5% during the fourth quarter. TIAA CREF Investment Management LLC now owns 381,886 shares of the travel company’s stock valued at $13,160,000 after purchasing an additional 1,910 shares in the last quarter. Paloma Partners Management Co lifted its holdings in TripAdvisor by 11.7% during the fourth quarter. Paloma Partners Management Co now owns 18,428 shares of the travel company’s stock valued at $635,000 after purchasing an additional 1,933 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC lifted its holdings in shares of TripAdvisor by 26.0% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 11,385 shares of the travel company’s stock worth $392,000 after buying an additional 2,352 shares in the last quarter. Institutional investors own 88.80% of the company’s stock.

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NASDAQ TRIP opened at $41.91 on Wednesday. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.17. TripAdvisor has a twelve month low of $29.50 and a twelve month high of $50.95. The stock has a market cap of $5,784.43, a P/E ratio of 87.31, a price-to-earnings-growth ratio of 4.82 and a beta of 1.82.



TripAdvisor (NASDAQ:TRIP) last posted its earnings results on Wednesday, February 14th. The travel company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.08). TripAdvisor had a negative net margin of 1.22% and a positive return on equity of 5.63%. The company had revenue of $321.00 million during the quarter, compared to analyst estimates of $309.12 million. During the same quarter last year, the business posted $0.16 EPS. TripAdvisor’s quarterly revenue was up 1.6% compared to the same quarter last year. equities analysts anticipate that TripAdvisor will post 0.65 EPS for the current year.

TripAdvisor announced that its Board of Directors has initiated a stock repurchase program on Wednesday, February 14th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the travel company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Several equities analysts have recently commented on the stock. Zacks Investment Research raised shares of TripAdvisor from a “sell” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Thursday, January 11th. ValuEngine raised shares of TripAdvisor from a “sell” rating to a “hold” rating in a research note on Thursday, February 15th. Piper Jaffray reaffirmed a “neutral” rating and issued a $47.00 price objective on shares of TripAdvisor in a research note on Thursday, February 15th. DA Davidson started coverage on shares of TripAdvisor in a research report on Wednesday, April 4th. They set a “neutral” rating and a $46.00 price target for the company. Finally, BidaskClub raised shares of TripAdvisor from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. Six investment analysts have rated the stock with a sell rating and twenty have issued a hold rating to the stock. TripAdvisor currently has an average rating of “Hold” and a consensus target price of $40.40.

In related news, CFO Ernst 02494 Teunissen sold 9,457 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $40.00, for a total value of $378,280.00. Following the sale, the chief financial officer now owns 13,866 shares of the company’s stock, valued at approximately $554,640. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Dermot Halpin sold 26,313 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $42.49, for a total value of $1,118,039.37. The disclosure for this sale can be found here. 1.09% of the stock is owned by company insiders.

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About TripAdvisor

TripAdvisor, Inc operates as an online travel company. The company operates in two segments, Hotel and Non-Hotel. Its travel platform aggregates reviews and opinions of members about destinations, accommodations, activities and attractions, and restaurants, which enables users to research and plan their travel experiences, as well as book hotels, flights, cruises, vacation rentals, tours, activities and attractions, and restaurant reservations on its site or mobile app, or on the site or app of travel partner sites.

Institutional Ownership by Quarter for TripAdvisor (NASDAQ:TRIP)

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