Raymond James Financial Services Advisors Inc. raised its stake in TripAdvisor, Inc. (NASDAQ:TRIP) by 7.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,303 shares of the travel company’s stock after buying an additional 377 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in TripAdvisor were worth $229,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. State Board of Administration of Florida Retirement System increased its stake in TripAdvisor by 1.1% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 161,899 shares of the travel company’s stock valued at $7,507,000 after buying an additional 1,798 shares in the last quarter. State Street Corp increased its position in shares of TripAdvisor by 4.3% in the fourth quarter. State Street Corp now owns 4,724,538 shares of the travel company’s stock valued at $219,077,000 after buying an additional 194,903 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of TripAdvisor by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,552 shares of the travel company’s stock valued at $304,000 after buying an additional 26 shares during the period. Federated Investors Inc. PA increased its position in shares of TripAdvisor by 162.0% in the fourth quarter. Federated Investors Inc. PA now owns 7,381 shares of the travel company’s stock valued at $342,000 after buying an additional 4,564 shares during the period. Finally, Marshall Wace LLP purchased a new position in shares of TripAdvisor during the fourth quarter valued at approximately $710,000. 89.98% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for TripAdvisor (NASDAQ:TRIP)

Shares of TripAdvisor, Inc. (NASDAQ:TRIP) opened at 36.96 on Friday. The firm has a 50-day moving average of $41.56 and a 200-day moving average of $45.24. The stock has a market cap of $5.22 billion, a PE ratio of 51.98 and a beta of 2.33. TripAdvisor, Inc. has a one year low of $35.69 and a one year high of $71.69.

TripAdvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Tuesday, May 9th. The travel company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by $0.01. TripAdvisor had a net margin of 6.87% and a return on equity of 8.87%. The business had revenue of $372 million during the quarter, compared to the consensus estimate of $376.67 million. During the same quarter in the prior year, the firm posted $0.33 EPS. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, equities research analysts expect that TripAdvisor, Inc. will post $1.16 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “TripAdvisor, Inc. (TRIP) Stake Boosted by Raymond James Financial Services Advisors Inc.” was originally reported by Daily Political and is owned by of Daily Political. If you are reading this report on another domain, it was stolen and republished in violation of U.S. and international copyright & trademark law. The original version of this report can be accessed at https://www.dailypolitical.com/2017/06/24/tripadvisor-inc-trip-stake-boosted-by-raymond-james-financial-services-advisors-inc.html.

TRIP has been the subject of several recent analyst reports. Vetr downgraded shares of TripAdvisor from a “strong-buy” rating to a “buy” rating and set a $46.78 price objective for the company. in a research note on Monday, March 13th. Hilliard Lyons raised shares of TripAdvisor from a “neutral” rating to a “buy” rating and upped their price objective for the company from $45.00 to $65.00 in a research note on Friday, May 12th. Deutsche Bank AG upped their price objective on shares of TripAdvisor from $37.00 to $49.00 and gave the company a “hold” rating in a research note on Monday, February 27th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $54.00 price objective on shares of TripAdvisor in a research note on Wednesday, May 10th. Finally, Credit Suisse Group set a $45.00 price objective on shares of TripAdvisor and gave the company a “hold” rating in a research note on Tuesday, May 9th. Eight analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $48.35.

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.

Want to see what other hedge funds are holding TRIP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TripAdvisor, Inc. (NASDAQ:TRIP).

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