Mirae Asset Global Investments Co. Ltd. Increases Stock Position in TripAdvisor, Inc. (NASDAQ:TRIP)

Mirae Asset Global Investments Co. Ltd. grew its stake in shares of TripAdvisor, Inc. (NASDAQ:TRIP) by 54.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 126,457 shares of the travel company’s stock after acquiring an additional 44,419 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in TripAdvisor were worth $6,802,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of TripAdvisor by 5.6% during the 1st quarter. BlackRock Inc. now owns 8,722,240 shares of the travel company’s stock valued at $469,170,000 after acquiring an additional 463,213 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of TripAdvisor by 69.7% during the 1st quarter. Allianz Asset Management GmbH now owns 3,744,500 shares of the travel company’s stock valued at $201,416,000 after acquiring an additional 1,538,365 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of TripAdvisor by 107.6% during the 4th quarter. Nuveen Asset Management LLC now owns 1,583,587 shares of the travel company’s stock valued at $45,576,000 after acquiring an additional 820,640 shares during the last quarter. Penserra Capital Management LLC boosted its holdings in shares of TripAdvisor by 47.5% during the 4th quarter. Penserra Capital Management LLC now owns 1,439,195 shares of the travel company’s stock valued at $41,420,000 after acquiring an additional 463,599 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of TripAdvisor by 1.6% during the 1st quarter. Geode Capital Management LLC now owns 1,273,055 shares of the travel company’s stock valued at $68,477,000 after acquiring an additional 19,575 shares during the last quarter. 71.65% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Lindsay Nelson sold 9,000 shares of the firm’s stock in a transaction on Wednesday, June 9th. The shares were sold at an average price of $43.56, for a total value of $392,040.00. Following the completion of the transaction, the insider now directly owns 15,642 shares of the company’s stock, valued at $681,365.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Ernst 02494 Teunissen sold 1,527 shares of the firm’s stock in a transaction on Monday, May 17th. The shares were sold at an average price of $41.00, for a total transaction of $62,607.00. Following the completion of the transaction, the chief financial officer now directly owns 2,744 shares of the company’s stock, valued at $112,504. The disclosure for this sale can be found here. Company insiders own 3.50% of the company’s stock.

Shares of TRIP opened at $42.11 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.05 and a current ratio of 3.05. TripAdvisor, Inc. has a 1 year low of $17.84 and a 1 year high of $64.95. The firm’s 50 day moving average is $44.11. The stock has a market cap of $5.77 billion, a price-to-earnings ratio of -16.01 and a beta of 1.41.

TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Thursday, May 6th. The travel company reported ($0.39) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.08. TripAdvisor had a negative net margin of 78.84% and a negative return on equity of 36.74%. The business had revenue of $123.00 million during the quarter, compared to analyst estimates of $120.00 million. During the same period last year, the firm posted $0.07 EPS. The company’s revenue was down 55.8% on a year-over-year basis. As a group, equities research analysts expect that TripAdvisor, Inc. will post -0.73 EPS for the current year.

TRIP has been the topic of a number of recent analyst reports. Barclays raised their price target on shares of TripAdvisor from $45.00 to $49.00 in a report on Monday, May 10th. Mizuho increased their price objective on shares of TripAdvisor from $30.00 to $36.00 and gave the stock a “neutral” rating in a research note on Monday, May 10th. Wolfe Research began coverage on shares of TripAdvisor in a research note on Wednesday, March 31st. They issued a “peer perform” rating and a $51.00 price objective on the stock. Ascendiant Capital Markets increased their price objective on shares of TripAdvisor from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Monday, June 14th. They noted that the move was a valuation call. Finally, Jefferies Financial Group increased their price objective on shares of TripAdvisor from $24.00 to $29.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 13th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $42.28.

TripAdvisor Company Profile

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotels, Media & Platform; and Experiences & Dining. 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.

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Institutional Ownership by Quarter for TripAdvisor (NASDAQ:TRIP)

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