Candriam Luxembourg S.C.A. increased its stake in TripAdvisor, Inc. (NASDAQ:TRIP) by 40.6% during the second quarter, Holdings Channel reports. The institutional investor owned 10,281 shares of the travel company’s stock after buying an additional 2,967 shares during the period. Candriam Luxembourg S.C.A.’s holdings in TripAdvisor were worth $393,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the company. First Mercantile Trust Co. boosted its stake in shares of TripAdvisor by 1.9% in the first quarter. First Mercantile Trust Co. now owns 36,461 shares of the travel company’s stock valued at $1,574,000 after buying an additional 663 shares in the last quarter. Glen Harbor Capital Management LLC boosted its stake in shares of TripAdvisor by 33.8% in the first quarter. Glen Harbor Capital Management LLC now owns 10,864 shares of the travel company’s stock valued at $469,000 after buying an additional 2,744 shares in the last quarter. Profund Advisors LLC boosted its stake in shares of TripAdvisor by 11.9% in the first quarter. Profund Advisors LLC now owns 42,933 shares of the travel company’s stock valued at $1,853,000 after buying an additional 4,555 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of TripAdvisor by 6.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,213 shares of the travel company’s stock valued at $130,000 after buying an additional 201 shares in the last quarter. Finally, Global Thematic Partners LLC bought a new stake in shares of TripAdvisor during the first quarter valued at about $17,286,000. Institutional investors own 90.70% of the company’s stock.
Shares of TripAdvisor, Inc. (TRIP) opened at 40.66 on Wednesday. The company has a market capitalization of $5.64 billion, a P/E ratio of 61.51 and a beta of 2.36. TripAdvisor, Inc. has a 12 month low of $35.34 and a 12 month high of $66.13. The stock’s 50 day moving average is $38.45 and its 200 day moving average is $42.14.
TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Tuesday, August 8th. The travel company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.05. TripAdvisor had a return on equity of 8.62% and a net margin of 6.26%. The firm had revenue of $424 million for the quarter, compared to analysts’ expectations of $421.66 million. During the same period last year, the company posted $0.38 earnings per share. The business’s quarterly revenue was up 8.4% on a year-over-year basis. On average, equities analysts predict that TripAdvisor, Inc. will post $1.15 EPS for the current fiscal year.
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Several equities research analysts recently issued reports on the stock. Stifel Nicolaus raised their target price on shares of TripAdvisor from $37.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, May 11th. Credit Suisse Group set a $45.00 target price on shares of TripAdvisor and gave the stock a “hold” rating in a report on Tuesday, May 9th. Royal Bank Of Canada restated a “hold” rating and issued a $48.00 target price on shares of TripAdvisor in a report on Monday, May 8th. Cantor Fitzgerald restated a “hold” rating and issued a $54.00 target price on shares of TripAdvisor in a report on Wednesday, May 10th. Finally, Zacks Investment Research upgraded shares of TripAdvisor from a “sell” rating to a “hold” rating in a report on Monday, May 15th. Nine equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $44.82.
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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