Chevy Chase Trust Holdings Inc. lowered its position in shares of TripAdvisor, Inc. (NASDAQ:TRIP) by 2.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,138 shares of the travel company’s stock after selling 2,212 shares during the period. Chevy Chase Trust Holdings Inc. owned 0.07% of TripAdvisor worth $3,634,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in TRIP. United Capital Financial Advisers LLC raised its stake in shares of TripAdvisor by 0.7% in the first quarter. United Capital Financial Advisers LLC now owns 9,576 shares of the travel company’s stock worth $413,000 after buying an additional 65 shares during the last quarter. Cutter & CO Brokerage Inc. raised its stake in shares of TripAdvisor by 1.6% in the first quarter. Cutter & CO Brokerage Inc. now owns 6,490 shares of the travel company’s stock worth $280,000 after buying an additional 100 shares during the last quarter. Utah Retirement Systems raised its stake in shares of TripAdvisor by 0.5% in the first quarter. Utah Retirement Systems now owns 20,861 shares of the travel company’s stock worth $900,000 after buying an additional 100 shares during the last quarter. Stevens Capital Management LP raised its stake in shares of TripAdvisor by 0.3% in the first quarter. Stevens Capital Management LP now owns 40,994 shares of the travel company’s stock worth $1,769,000 after buying an additional 107 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of TripAdvisor by 3.5% in the first quarter. Nordea Investment Management AB now owns 4,597 shares of the travel company’s stock worth $198,000 after buying an additional 157 shares during the last quarter. Institutional investors own 89.59% of the company’s stock.

Shares of TripAdvisor, Inc. (NASDAQ TRIP) opened at 37.54 on Monday. The stock has a market cap of $5.30 billion, a P/E ratio of 52.80 and a beta of 2.35. TripAdvisor, Inc. has a 52-week low of $35.34 and a 52-week high of $71.69. The firm’s 50-day moving average is $37.62 and its 200 day moving average is $43.73.

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings data on Tuesday, May 9th. The travel company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by $0.01. TripAdvisor had a return on equity of 8.87% and a net margin of 6.87%. The company had revenue of $372 million for the quarter, compared to analyst estimates of $376.67 million. During the same period in the previous year, the business posted $0.33 EPS. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. Analysts forecast that TripAdvisor, Inc. will post $1.15 earnings per share for the current fiscal year.

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A number of equities research analysts recently weighed in on the stock. UBS AG reiterated a “neutral” rating and set a $45.00 price objective (down previously from $48.00) on shares of TripAdvisor in a report on Friday, April 14th. Zacks Investment Research upgraded shares of TripAdvisor from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Stifel Nicolaus lifted their price objective on shares of TripAdvisor from $37.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, May 11th. Vetr lowered shares of TripAdvisor from a “hold” rating to a “sell” rating and set a $41.00 price objective for the company. in a report on Monday, April 24th. Finally, Cowen and Company reiterated a “sell” rating and set a $40.00 price objective on shares of TripAdvisor in a report on Friday, July 14th. Eight equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has issued a buy rating to the stock. TripAdvisor currently has a consensus rating of “Hold” and a consensus price target of $48.17.

About TripAdvisor

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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Institutional Ownership by Quarter for TripAdvisor (NASDAQ:TRIP)

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