Ascent Wealth Partners LLC Purchases 1,827 Shares of Tripadvisor Inc (NASDAQ:TRIP)

Ascent Wealth Partners LLC boosted its holdings in Tripadvisor Inc (NASDAQ:TRIP) by 10.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,315 shares of the travel company’s stock after buying an additional 1,827 shares during the quarter. Ascent Wealth Partners LLC’s holdings in Tripadvisor were worth $994,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Oakworth Capital Inc. acquired a new position in Tripadvisor in the fourth quarter worth approximately $32,000. Rational Advisors LLC grew its position in Tripadvisor by 870.8% during the 4th quarter. Rational Advisors LLC now owns 631 shares of the travel company’s stock worth $34,000 after purchasing an additional 566 shares in the last quarter. CSat Investment Advisory L.P. grew its position in Tripadvisor by 65.1% during the 1st quarter. CSat Investment Advisory L.P. now owns 1,083 shares of the travel company’s stock worth $56,000 after purchasing an additional 427 shares in the last quarter. Captrust Financial Advisors grew its position in Tripadvisor by 47.5% during the 4th quarter. Captrust Financial Advisors now owns 1,084 shares of the travel company’s stock worth $58,000 after purchasing an additional 349 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its position in Tripadvisor by 19.7% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,130 shares of the travel company’s stock worth $61,000 after purchasing an additional 186 shares in the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

In other Tripadvisor news, CFO Ernst 02494 Teunissen sold 8,117 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $45.60, for a total value of $370,135.20. Following the transaction, the chief financial officer now directly owns 14,599 shares in the company, valued at $665,714.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Noel Bertram Watson sold 3,369 shares of the business’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $55.00, for a total transaction of $185,295.00. The disclosure for this sale can be found here. 3.50% of the stock is owned by insiders.

A number of equities research analysts have issued reports on the stock. BidaskClub lowered shares of Tripadvisor from a “hold” rating to a “sell” rating in a research note on Tuesday, March 5th. Cowen lowered shares of Tripadvisor from a “market perform” rating to an “underperform” rating and decreased their target price for the company from $50.00 to $40.00 in a research note on Wednesday, March 6th. SunTrust Banks decreased their target price on shares of Tripadvisor to $60.00 and set a “hold” rating for the company in a research note on Friday, April 12th. Stifel Nicolaus reissued a “hold” rating and set a $57.00 target price on shares of Tripadvisor in a research note on Monday, April 29th. Finally, Deutsche Bank raised shares of Tripadvisor from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research note on Friday, May 3rd. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. Tripadvisor has a consensus rating of “Hold” and a consensus target price of $56.60.

TRIP traded up $0.41 during trading on Monday, hitting $46.70. The stock had a trading volume of 1,001,400 shares, compared to its average volume of 1,937,011. The stock has a market capitalization of $6.44 billion, a price-to-earnings ratio of 44.56, a PEG ratio of 2.62 and a beta of 1.37. Tripadvisor Inc has a 12 month low of $42.01 and a 12 month high of $69.00. The company has a 50 day simple moving average of $45.55.

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

Tripadvisor Profile

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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