Norinchukin Bank The Acquires 796 Shares of Tripadvisor Inc (NASDAQ:TRIP)

Norinchukin Bank The raised its holdings in Tripadvisor Inc (NASDAQ:TRIP) by 4.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,507 shares of the travel company’s stock after acquiring an additional 796 shares during the period. Norinchukin Bank The’s holdings in Tripadvisor were worth $1,004,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. IFP Advisors Inc grew its position in shares of Tripadvisor by 14.5% in the 4th quarter. IFP Advisors Inc now owns 1,901 shares of the travel company’s stock valued at $102,000 after buying an additional 241 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Tripadvisor during the fourth quarter worth about $359,000. KBC Group NV grew its holdings in shares of Tripadvisor by 460.5% during the fourth quarter. KBC Group NV now owns 56,619 shares of the travel company’s stock worth $3,054,000 after buying an additional 46,517 shares in the last quarter. Xact Kapitalforvaltning AB grew its holdings in shares of Tripadvisor by 24.1% during the fourth quarter. Xact Kapitalforvaltning AB now owns 20,905 shares of the travel company’s stock worth $1,128,000 after buying an additional 4,057 shares in the last quarter. Finally, TD Asset Management Inc. grew its holdings in shares of Tripadvisor by 2.8% during the fourth quarter. TD Asset Management Inc. now owns 31,229 shares of the travel company’s stock worth $1,684,000 after buying an additional 850 shares in the last quarter. 86.67% of the stock is owned by hedge funds and other institutional investors.

Shares of Tripadvisor stock traded down $0.29 on Friday, reaching $46.29. 834,719 shares of the company were exchanged, compared to its average volume of 1,944,557. The firm’s 50-day moving average is $45.55. Tripadvisor Inc has a one year low of $42.01 and a one year high of $69.00. The firm has a market cap of $6.44 billion, a P/E ratio of 44.09, a price-to-earnings-growth ratio of 2.49 and a beta of 1.37.

Tripadvisor (NASDAQ:TRIP) last released its earnings results on Tuesday, May 7th. The travel company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. Tripadvisor had a return on equity of 10.24% and a net margin of 8.31%. The firm had revenue of $376.00 million during the quarter, compared to the consensus estimate of $387.27 million. During the same period in the prior year, the company posted $0.30 EPS. The company’s revenue was down .5% compared to the same quarter last year. On average, sell-side analysts predict that Tripadvisor Inc will post 1.32 EPS for the current fiscal year.

A number of brokerages have recently commented on TRIP. BidaskClub downgraded shares of Tripadvisor from a “hold” rating to a “sell” rating in a report on Friday. Wedbush reiterated a “neutral” rating and set a $50.00 price objective (down from $60.00) on shares of Tripadvisor in a research note on Thursday, May 9th. SunTrust Banks reissued a “hold” rating and set a $60.00 target price on shares of Tripadvisor in a research report on Tuesday, June 11th. Stifel Nicolaus cut their price target on shares of Tripadvisor from $57.00 to $50.00 and set a “hold” rating on the stock in a report on Thursday, May 9th. Finally, DA Davidson dropped their target price on shares of Tripadvisor to $55.00 and set a “neutral” rating on the stock in a report on Thursday, May 9th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $56.60.

In related news, CFO Ernst 02494 Teunissen sold 8,117 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $45.60, for a total transaction of $370,135.20. Following the completion of the sale, the chief financial officer now directly owns 14,599 shares in the company, valued at approximately $665,714.40. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Noel Bertram Watson sold 3,369 shares of the company’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $55.00, for a total value of $185,295.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,502 shares of company stock valued at $1,127,491. 3.50% of the stock is owned by corporate insiders.

About Tripadvisor

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotel and Non-Hotel. The company operates TripAdvisor-branded Websites, including tripadvisor.com in the United States; and localized versions of the Website in 48 markets and 28 languages. It also manages and operates other travel media brands that provide users the comprehensive travel-planning and trip-taking resources in the travel industry, such as airfarewatchdog.com, bookingbuddy.com, cruisecritic.com, familyvacationcritic.com, flipkey.com, thefork.com, holidaywatchdog.com, housetrip.com, jetsetter.com, niumba.com, onetime.com, oyster.com, seatguru.com, smartertravel.com, tingo.com, vacationhomerentals.com, and viator.com, as well as www.bokun.io and holidaylettings.co.uk.

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Institutional Ownership by Quarter for Tripadvisor (NASDAQ:TRIP)

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