Nomura Asset Management Co. Ltd. raised its position in shares of Tripadvisor Inc (NASDAQ:TRIP) by 25.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,243 shares of the travel company’s stock after purchasing an additional 4,259 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Tripadvisor were worth $1,093,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. FMR LLC lifted its stake in Tripadvisor by 347.1% during the fourth quarter. FMR LLC now owns 1,602,401 shares of the travel company’s stock worth $86,434,000 after purchasing an additional 1,244,040 shares in the last quarter. Millennium Management LLC raised its stake in Tripadvisor by 227.7% in the fourth quarter. Millennium Management LLC now owns 1,745,973 shares of the travel company’s stock valued at $94,178,000 after buying an additional 1,213,215 shares in the last quarter. Norges Bank acquired a new stake in Tripadvisor in the fourth quarter valued at $64,072,000. MERIAN GLOBAL INVESTORS UK Ltd raised its stake in Tripadvisor by 44.1% in the first quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 3,165,519 shares of the travel company’s stock valued at $162,865,000 after buying an additional 968,530 shares in the last quarter. Finally, Smith Asset Management Group LP raised its stake in Tripadvisor by 105.2% in the fourth quarter. Smith Asset Management Group LP now owns 1,074,051 shares of the travel company’s stock valued at $57,948,000 after buying an additional 550,647 shares in the last quarter. 86.67% of the stock is owned by institutional investors and hedge funds.
In related news, CFO Ernst 02494 Teunissen sold 8,117 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were 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 of the company’s stock, valued at $665,714.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Noel Bertram Watson sold 3,369 shares of the stock in a transaction that occurred on 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. Company insiders own 3.50% of the company’s stock.
Tripadvisor (NASDAQ:TRIP) last issued its earnings results on Tuesday, May 7th. The travel company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. Tripadvisor had a net margin of 8.31% and a return on equity of 10.24%. The business had revenue of $376.00 million for the quarter, compared to analyst estimates of $387.27 million. During the same quarter in the prior year, the business posted $0.30 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities analysts expect that Tripadvisor Inc will post 1.32 EPS for the current fiscal year.
TRIP has been the topic of several research reports. Cowen lowered Tripadvisor from a “market perform” rating to an “underperform” rating and dropped their price objective for the stock from $50.00 to $40.00 in a report on Wednesday, March 6th. Stifel Nicolaus lowered their price target on Tripadvisor from $57.00 to $50.00 and set a “hold” rating on the stock in a report on Thursday, May 9th. BidaskClub lowered Tripadvisor from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. DA Davidson lowered their price target on Tripadvisor to $55.00 and set a “neutral” rating on the stock in a report on Thursday, May 9th. Finally, SunTrust Banks restated a “hold” rating and issued a $60.00 price objective on shares of Tripadvisor in a research report on Tuesday, June 11th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $56.60.
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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