Bank of New York Mellon Corp boosted its stake in TripAdvisor Inc. (NASDAQ:TRIP) by 0.4% during the third quarter, Holdings Channel reports. The firm owned 5,091,523 shares of the travel company’s stock after buying an additional 19,704 shares during the period. Bank of New York Mellon Corp’s holdings in TripAdvisor were worth $321,683,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of TRIP. LPL Financial LLC raised its position in TripAdvisor by 9.2% in the first quarter. LPL Financial LLC now owns 14,316 shares of the travel company’s stock valued at $917,000 after buying an additional 1,202 shares in the last quarter. Arizona State Retirement System raised its position in TripAdvisor by 1.3% in the first quarter. Arizona State Retirement System now owns 30,859 shares of the travel company’s stock valued at $2,052,000 after buying an additional 400 shares in the last quarter. Exxonmobil Investment Management Inc. TX raised its position in TripAdvisor by 6.7% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 29,586 shares of the travel company’s stock valued at $1,902,000 after buying an additional 1,849 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its position in TripAdvisor by 1.5% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 97,640 shares of the travel company’s stock valued at $6,278,000 after buying an additional 1,467 shares in the last quarter. Finally, DAVENPORT & Co LLC raised its position in TripAdvisor by 60.9% in the second quarter. DAVENPORT & Co LLC now owns 382,325 shares of the travel company’s stock valued at $24,583,000 after buying an additional 144,767 shares in the last quarter. 87.14% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for TripAdvisor (NASDAQ:TRIP)

TripAdvisor Inc. (NASDAQ:TRIP) opened at 50.18 on Tuesday. The stock’s 50 day moving average price is $58.50 and its 200-day moving average price is $63.17. The firm has a market capitalization of $7.31 billion, a P/E ratio of 60.31 and a beta of 2.31. TripAdvisor Inc. has a 12 month low of $48.52 and a 12 month high of $87.50.

TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Tuesday, November 8th. The travel company reported $0.53 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.53. The business earned $421 million during the quarter, compared to the consensus estimate of $436.31 million. TripAdvisor had a net margin of 8.08% and a return on equity of 12.67%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 EPS. Equities analysts forecast that TripAdvisor Inc. will post $1.54 earnings per share for the current year.

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Several research firms recently commented on TRIP. Jefferies Group reiterated a “hold” rating and issued a $59.00 price target (up previously from $50.79) on shares of TripAdvisor in a research report on Monday, November 21st. Zacks Investment Research upgraded TripAdvisor from a “sell” rating to a “hold” rating in a research report on Monday, November 14th. Credit Suisse Group AG restated an “outperform” rating and set a $65.00 target price (down previously from $78.00) on shares of TripAdvisor in a research report on Friday, November 11th. Barclays PLC restated an “equal weight” rating and set a $57.00 target price (down previously from $67.00) on shares of TripAdvisor in a research report on Friday, November 11th. Finally, Deutsche Bank AG restated a “hold” rating and set a $63.00 target price on shares of TripAdvisor in a research report on Thursday, November 10th. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $63.08.

In related news, Viator CEO Barrie Seidenberg sold 4,274 shares of the stock in a transaction that occurred on Monday, September 26th. The shares were sold at an average price of $60.77, for a total transaction of $259,730.98. Following the completion of the transaction, the insider now owns 286 shares of the company’s stock, valued at approximately $17,380.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Seth J. Kalvert sold 1,687 shares of the stock in a transaction that occurred on Wednesday, September 21st. The stock was sold at an average price of $60.50, for a total transaction of $102,063.50. Following the transaction, the senior vice president now directly owns 10,653 shares of the company’s stock, valued at approximately $644,506.50. The disclosure for this sale can be found here. Insiders own 0.98% of the company’s stock.

About TripAdvisor

TripAdvisor, Inc is an online travel company, which owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s flagship brand, is a travel Website. The Company operates in two segments. The Hotel segment’s services include making hotel room nights available for price comparison and booking, including instant booking feature, as well as subscription-based hotel products, such as Business Listings, and transaction-based hotel products, such as Jetsetter and Tingo.

5 Day Chart for NASDAQ:TRIP

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