Nomura Asset Management Co. Ltd. boosted its position in TripAdvisor, Inc. (NASDAQ:TRIP) by 2.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,225 shares of the travel company’s stock after buying an additional 370 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in TripAdvisor were worth $657,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. UBS Oconnor LLC acquired a new stake in TripAdvisor during the first quarter worth approximately $5,395,000. Public Employees Retirement System of Ohio boosted its stake in TripAdvisor by 0.3% in the first quarter. Public Employees Retirement System of Ohio now owns 98,364 shares of the travel company’s stock worth $4,245,000 after buying an additional 342 shares in the last quarter. Achmea Investment Management B.V. bought a new position in TripAdvisor during the first quarter valued at approximately $370,000. Bank of Nova Scotia bought a new position in TripAdvisor during the first quarter valued at approximately $1,612,000. Finally, Janus Capital Management LLC raised its position in TripAdvisor by 85.2% in the first quarter. Janus Capital Management LLC now owns 23,172 shares of the travel company’s stock valued at $1,000,000 after buying an additional 10,658 shares in the last quarter. 89.06% of the stock is currently owned by institutional investors.
TripAdvisor, Inc. (TRIP) traded up 6.22% during mid-day trading on Friday, reaching $42.18. 5,516,555 shares of the company’s stock were exchanged. TripAdvisor, Inc. has a 1-year low of $35.34 and a 1-year high of $66.13. The stock has a market capitalization of $5.85 billion, a PE ratio of 63.81 and a beta of 2.36. The firm’s 50-day moving average is $38.02 and its 200 day moving average is $42.51. TripAdvisor also was the target of unusually large options trading activity on Tuesday. Stock traders acquired 12,124 put options on the company. This is an increase of approximately 753% compared to the typical daily volume of 1,421 put options.
TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings data on Tuesday, August 8th. The travel company reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.05. The firm had revenue of $424 million during the quarter, compared to analyst estimates of $421.66 million. TripAdvisor had a return on equity of 8.62% and a net margin of 6.26%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same period last year, the business earned $0.38 EPS. Analysts forecast that TripAdvisor, Inc. will post $1.15 earnings per share for the current fiscal year.
Several research analysts have issued reports on the company. Cowen and Company upgraded TripAdvisor from an “underperform” rating to a “market perform” rating and set a $35.00 target price for the company in a research report on Wednesday, July 19th. Stifel Nicolaus reaffirmed a “hold” rating on shares of TripAdvisor in a research note on Friday, July 28th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $54.00 price target on shares of TripAdvisor in a research note on Wednesday, May 10th. Credit Suisse Group set a $45.00 price target on shares of TripAdvisor and gave the company a “hold” rating in a research note on Tuesday, May 9th. Finally, Vetr downgraded shares of TripAdvisor from a “hold” rating to a “sell” rating and set a $41.00 price target for the company. in a research note on Monday, April 24th. Nine research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $44.82.
TripAdvisor Company 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.
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