Allianz Asset Management GmbH Acquires Shares of 1,405,300 Tripadvisor Inc (TRIP)

Allianz Asset Management GmbH acquired a new position in shares of Tripadvisor Inc (NASDAQ:TRIP) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,405,300 shares of the travel company’s stock, valued at approximately $56,957,000. Allianz Asset Management GmbH owned 1.01% of Tripadvisor at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TRIP. Bank of Montreal Can grew its holdings in shares of Tripadvisor by 20.6% during the 2nd quarter. Bank of Montreal Can now owns 49,999 shares of the travel company’s stock worth $1,909,000 after purchasing an additional 8,531 shares in the last quarter. Aperio Group LLC grew its holdings in shares of Tripadvisor by 34.4% during the 2nd quarter. Aperio Group LLC now owns 28,714 shares of the travel company’s stock worth $1,097,000 after purchasing an additional 7,355 shares in the last quarter. Shell Asset Management Co. grew its holdings in shares of Tripadvisor by 28.4% during the 2nd quarter. Shell Asset Management Co. now owns 8,776 shares of the travel company’s stock worth $335,000 after purchasing an additional 1,942 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its holdings in shares of Tripadvisor by 4.5% during the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 10,930 shares of the travel company’s stock worth $417,000 after purchasing an additional 466 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Tripadvisor by 5.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 15,950 shares of the travel company’s stock worth $609,000 after purchasing an additional 800 shares in the last quarter. 88.76% of the stock is currently owned by institutional investors.

Tripadvisor Inc (NASDAQ TRIP) opened at $34.42 on Thursday. The stock has a market capitalization of $4,827.40, a P/E ratio of 50.38, a P/E/G ratio of 2.82 and a beta of 2.32. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 0.19. Tripadvisor Inc has a 1 year low of $29.50 and a 1 year high of $53.58.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Monday, November 6th. The travel company reported $0.36 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. The business had revenue of $439.00 million for the quarter, compared to analysts’ expectations of $451.27 million. Tripadvisor had a return on equity of 6.81% and a net margin of 4.26%. The business’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 earnings per share. research analysts forecast that Tripadvisor Inc will post 0.69 EPS for the current year.

Several research firms have recently issued reports on TRIP. Cowen reissued a “market perform” rating and set a $40.00 target price (up from $30.00) on shares of Tripadvisor in a report on Monday, November 27th. Zacks Investment Research raised Tripadvisor from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. Royal Bank Of Canada reduced their price objective on Tripadvisor from $38.00 to $34.00 and set a “sector perform” rating on the stock in a research note on Monday, November 13th. Jefferies Group reaffirmed a “sell” rating and issued a $27.00 price objective on shares of Tripadvisor in a research note on Friday, November 10th. Finally, Hilliard Lyons lowered Tripadvisor from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 8th. Eight investment analysts have rated the stock with a sell rating and twenty have given a hold rating to the stock. Tripadvisor has a consensus rating of “Hold” and an average target price of $39.95.

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About Tripadvisor

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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Institutional Ownership by Quarter for Tripadvisor (NASDAQ:TRIP)

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