Ameriprise Financial Inc. lessened its stake in Tripadvisor Inc (NASDAQ:TRIP) by 40.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,993 shares of the travel company’s stock after selling 34,099 shares during the quarter. Ameriprise Financial Inc.’s holdings in Tripadvisor were worth $2,068,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC increased its holdings in Tripadvisor by 1,775.7% in the 3rd quarter. SG Americas Securities LLC now owns 128,970 shares of the travel company’s stock worth $5,227,000 after buying an additional 122,094 shares in the last quarter. Worth Venture Partners LLC bought a new stake in Tripadvisor in the 3rd quarter worth about $377,000. Wellington Shields Capital Management LLC bought a new stake in Tripadvisor in the 3rd quarter worth about $1,175,000. Wellington Shields & Co. LLC bought a new stake in Tripadvisor in the 3rd quarter worth about $1,723,000. Finally, Gilder Gagnon Howe & Co. LLC bought a new stake in Tripadvisor in the 3rd quarter worth about $366,000. 88.71% of the stock is owned by hedge funds and other institutional investors.
TRIP has been the subject of several research analyst reports. SunTrust Banks reiterated a “hold” rating and issued a $44.00 price objective on shares of Tripadvisor in a report on Thursday, October 12th. Zacks Investment Research downgraded Tripadvisor from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Hilliard Lyons downgraded Tripadvisor from a “buy” rating to a “neutral” rating in a report on Wednesday, November 8th. Citigroup reiterated a “neutral” rating and issued a $41.00 price objective (up from $39.00) on shares of Tripadvisor in a report on Tuesday, October 3rd. Finally, Cowen reiterated a “hold” rating and issued a $42.00 price objective on shares of Tripadvisor in a report on Tuesday, September 12th. Nine investment analysts have rated the stock with a sell rating and eighteen have issued a hold rating to the company’s stock. Tripadvisor has a consensus rating of “Hold” and a consensus target price of $39.44.
Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Monday, November 6th. The travel company reported $0.36 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.36. The business had revenue of $439.00 million during the quarter, compared to the consensus estimate of $451.27 million. Tripadvisor had a return on equity of 6.81% and a net margin of 4.26%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 EPS. equities research analysts anticipate that Tripadvisor Inc will post 0.69 earnings per share for the current year.
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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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