Schwab Charles Investment Management Inc. decreased its stake in Tripadvisor Inc (NASDAQ:TRIP) by 4.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 545,402 shares of the travel company’s stock after selling 24,549 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Tripadvisor were worth $18,795,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of TRIP. FNY Managed Accounts LLC purchased a new position in Tripadvisor during the third quarter worth approximately $101,000. D.A. Davidson & CO. boosted its position in Tripadvisor by 957.0% during the third quarter. D.A. Davidson & CO. now owns 5,655 shares of the travel company’s stock worth $229,000 after purchasing an additional 5,120 shares in the last quarter. Gabelli Funds LLC boosted its position in Tripadvisor by 36.4% during the third quarter. Gabelli Funds LLC now owns 7,500 shares of the travel company’s stock worth $304,000 after purchasing an additional 2,000 shares in the last quarter. Boothbay Fund Management LLC purchased a new position in Tripadvisor during the third quarter worth approximately $340,000. Finally, Gilder Gagnon Howe & Co. LLC purchased a new position in Tripadvisor during the third quarter worth approximately $366,000. Hedge funds and other institutional investors own 79.63% of the company’s stock.
In other news, CFO Ernst 02494 Teunissen sold 9,457 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $40.00, for a total value of $378,280.00. Following the transaction, the chief financial officer now owns 13,866 shares in the company, valued at $554,640. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.09% of the company’s stock.
Tripadvisor (NASDAQ:TRIP) last released its earnings results on Wednesday, February 14th. The travel company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.08). The firm had revenue of $321.00 million during the quarter, compared to analysts’ expectations of $309.12 million. Tripadvisor had a negative net margin of 1.22% and a positive return on equity of 5.63%. The business’s revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.16 EPS. sell-side analysts expect that Tripadvisor Inc will post 0.48 EPS for the current year.
Tripadvisor announced that its board has approved a stock repurchase plan on Wednesday, February 14th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the travel company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
A number of brokerages have issued reports on TRIP. Zacks Investment Research upgraded Tripadvisor from a “sell” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Thursday, January 11th. UBS Group reiterated a “neutral” rating and set a $43.00 price target on shares of Tripadvisor in a research report on Wednesday, November 8th. ValuEngine upgraded Tripadvisor from a “sell” rating to a “hold” rating in a research report on Thursday, February 15th. Piper Jaffray Companies reiterated a “neutral” rating and set a $47.00 price target on shares of Tripadvisor in a research report on Thursday, February 15th. Finally, Oppenheimer reiterated a “hold” rating on shares of Tripadvisor in a research report on Sunday, December 17th. Six equities research analysts have rated the stock with a sell rating and nineteen have given a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $40.06.
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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.
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