Truvvo Partners LLC Invests $264,000 in Tripadvisor Inc (NASDAQ:TRIP)

Truvvo Partners LLC bought a new position in shares of Tripadvisor Inc (NASDAQ:TRIP) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,715 shares of the travel company’s stock, valued at approximately $264,000.

Several other hedge funds also recently made changes to their positions in TRIP. Pinebridge Investments L.P. lifted its holdings in Tripadvisor by 182.1% in the second quarter. Pinebridge Investments L.P. now owns 93,101 shares of the travel company’s stock valued at $4,309,000 after buying an additional 60,103 shares during the period. Profund Advisors LLC raised its holdings in Tripadvisor by 7.3% in the second quarter. Profund Advisors LLC now owns 69,080 shares of the travel company’s stock worth $3,198,000 after purchasing an additional 4,723 shares during the period. Bank of Nova Scotia raised its holdings in Tripadvisor by 8.9% in the second quarter. Bank of Nova Scotia now owns 18,211 shares of the travel company’s stock worth $843,000 after purchasing an additional 1,482 shares during the period. Ossiam raised its holdings in Tripadvisor by 114.5% in the second quarter. Ossiam now owns 3,887 shares of the travel company’s stock worth $180,000 after purchasing an additional 2,075 shares during the period. Finally, Seeyond raised its holdings in Tripadvisor by 146.2% in the second quarter. Seeyond now owns 6,661 shares of the travel company’s stock worth $308,000 after purchasing an additional 3,956 shares during the period. Institutional investors own 86.02% of the company’s stock.

Shares of TRIP stock traded down $0.26 during trading hours on Friday, hitting $41.01. 54,742 shares of the company were exchanged, compared to its average volume of 1,728,192. The business has a 50 day moving average of $40.41 and a two-hundred day moving average of $46.86. Tripadvisor Inc has a 52 week low of $35.41 and a 52 week high of $69.00. The company has a market capitalization of $5.70 billion, a PE ratio of 39.15, a PEG ratio of 2.07 and a beta of 1.36.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Wednesday, August 7th. The travel company reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.08). Tripadvisor had a return on equity of 10.63% and a net margin of 8.49%. The company had revenue of $422.00 million for the quarter, compared to the consensus estimate of $445.46 million. During the same period in the prior year, the company earned $0.41 EPS. The firm’s revenue was down 2.5% on a year-over-year basis. As a group, sell-side analysts forecast that Tripadvisor Inc will post 1.24 earnings per share for the current fiscal year.

In other news, CFO Ernst 02494 Teunissen sold 8,117 shares of the stock in a transaction on Monday, June 17th. The shares were sold at an average price of $45.60, for a total transaction of $370,135.20. Following the completion of the sale, the chief financial officer now owns 14,599 shares of the company’s stock, valued at $665,714.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dermot Halpin sold 3,409 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $40.23, for a total transaction of $137,144.07. Following the sale, the insider now directly owns 752 shares of the company’s stock, valued at approximately $30,252.96. The disclosure for this sale can be found here. 3.50% of the stock is owned by corporate insiders.

TRIP has been the topic of several analyst reports. Cleveland Research initiated coverage on shares of Tripadvisor in a report on Wednesday, June 19th. They issued a “neutral” rating on the stock. UBS Group upgraded shares of Tripadvisor from a “sell” rating to a “neutral” rating and cut their target price for the stock from $44.00 to $40.00 in a report on Wednesday, September 4th. BidaskClub upgraded shares of Tripadvisor from a “strong sell” rating to a “sell” rating in a report on Thursday. Credit Suisse Group cut their target price on shares of Tripadvisor from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Finally, Standpoint Research initiated coverage on shares of Tripadvisor in a report on Tuesday, July 16th. They issued a “buy” rating and a $60.00 target price on the stock. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company’s stock. Tripadvisor presently has an average rating of “Hold” and an average target price of $54.63.

Tripadvisor Profile

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotel and Non-Hotel. The company operates TripAdvisor-branded Websites, including tripadvisor.com in the United States; and localized versions of the Website in 48 markets and 28 languages. It also manages and operates other travel media brands that provide users the comprehensive travel-planning and trip-taking resources in the travel industry, such as airfarewatchdog.com, bookingbuddy.com, cruisecritic.com, familyvacationcritic.com, flipkey.com, thefork.com, holidaywatchdog.com, housetrip.com, jetsetter.com, niumba.com, onetime.com, oyster.com, seatguru.com, smartertravel.com, tingo.com, vacationhomerentals.com, and viator.com, as well as www.bokun.io and holidaylettings.co.uk.

Recommended Story: Outperform Rating

Institutional Ownership by Quarter for Tripadvisor (NASDAQ:TRIP)

Receive News & Ratings for Tripadvisor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tripadvisor and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit