Tripadvisor Inc (TRIP) Position Reduced by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its holdings in shares of Tripadvisor Inc (NASDAQ:TRIP) by 36.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 255,036 shares of the travel company’s stock after selling 147,117 shares during the quarter. Russell Investments Group Ltd. owned about 0.18% of Tripadvisor worth $10,337,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of the stock. Cutter & CO Brokerage Inc. grew its position in Tripadvisor by 0.5% during the second quarter. Cutter & CO Brokerage Inc. now owns 6,520 shares of the travel company’s stock worth $249,000 after buying an additional 30 shares in the last quarter. Advisor Group Inc. grew its position in Tripadvisor by 1.4% during the second quarter. Advisor Group Inc. now owns 8,401 shares of the travel company’s stock worth $321,000 after buying an additional 118 shares in the last quarter. Norinchukin Bank The grew its position in Tripadvisor by 4.4% during the second quarter. Norinchukin Bank The now owns 7,663 shares of the travel company’s stock worth $293,000 after buying an additional 326 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its position in Tripadvisor by 4.5% during the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 10,930 shares of the travel company’s stock worth $417,000 after buying an additional 466 shares in the last quarter. Finally, Intact Investment Management Inc. boosted its holdings in shares of Tripadvisor by 5.7% in the 2nd quarter. Intact Investment Management Inc. now owns 9,300 shares of the travel company’s stock worth $355,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Shares of Tripadvisor Inc (NASDAQ TRIP) opened at $34.76 on Tuesday. Tripadvisor Inc has a 52 week low of $29.50 and a 52 week high of $53.58. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $4,830.00, a PE ratio of 49.70, a PEG ratio of 2.78 and a beta of 2.32.

Tripadvisor (NASDAQ:TRIP) last released its earnings results on Monday, November 6th. The travel company reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.36. Tripadvisor had a return on equity of 6.81% and a net margin of 4.26%. The company had revenue of $439.00 million during the quarter, compared to analyst estimates of $451.27 million. During the same quarter in the previous year, the company posted $0.53 EPS. Tripadvisor’s revenue for the quarter was up 4.3% on a year-over-year basis. analysts expect that Tripadvisor Inc will post 0.69 earnings per share for the current year.

A number of equities analysts have recently issued reports on the company. Deutsche Bank cut their price objective on Tripadvisor from $40.00 to $37.00 and set a “hold” rating for the company in a report on Tuesday, October 24th. UBS reiterated a “neutral” rating and issued a $43.00 price objective on shares of Tripadvisor in a report on Wednesday, November 8th. ValuEngine upgraded Tripadvisor from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Cowen reiterated a “market perform” rating and issued a $42.00 price objective (up from $40.00) on shares of Tripadvisor in a report on Friday, August 11th. Finally, Jefferies Group cut Tripadvisor from a “hold” rating to an “underperform” rating and cut their price objective for the stock from $50.00 to $30.00 in a report on Thursday, August 24th. Eight analysts have rated the stock with a sell rating and twenty have given a hold rating to the stock. Tripadvisor currently has a consensus rating of “Hold” and a consensus price target of $39.95.

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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.

Institutional Ownership by Quarter for Tripadvisor (NASDAQ:TRIP)

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