First Mercantile Trust Co. lowered its position in Tripadvisor Inc (NASDAQ:TRIP) by 30.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,212 shares of the travel company’s stock after selling 11,249 shares during the period. First Mercantile Trust Co.’s holdings in Tripadvisor were worth $963,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Profund Advisors LLC raised its position in shares of Tripadvisor by 11.9% in the first quarter. Profund Advisors LLC now owns 42,933 shares of the travel company’s stock worth $1,853,000 after buying an additional 4,555 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in Tripadvisor by 130.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 8,539 shares of the travel company’s stock worth $385,000 after buying an additional 4,827 shares in the last quarter. Bank of Nova Scotia purchased a new stake in Tripadvisor during the first quarter worth about $1,612,000. Soros Fund Management LLC boosted its stake in Tripadvisor by 1,269.2% in the first quarter. Soros Fund Management LLC now owns 249,280 shares of the travel company’s stock worth $10,759,000 after buying an additional 231,074 shares in the last quarter. Finally, Gulf International Bank UK Ltd boosted its stake in Tripadvisor by 0.9% in the first quarter. Gulf International Bank UK Ltd now owns 34,810 shares of the travel company’s stock worth $1,502,000 after buying an additional 300 shares in the last quarter. Institutional investors own 89.06% of the company’s stock.

Shares of Tripadvisor Inc (NASDAQ TRIP) opened at 42.18 on Friday. The stock’s 50 day moving average price is $38.21 and its 200 day moving average price is $42.44. The company has a market cap of $5.85 billion, a PE ratio of 63.81 and a beta of 2.36. Tripadvisor Inc has a one year low of $35.34 and a one year high of $66.13.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Tuesday, August 8th. The travel company reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.05. Tripadvisor had a net margin of 6.37% and a return on equity of 7.91%. The business had revenue of $424 million during the quarter, compared to the consensus estimate of $421.66 million. During the same quarter in the previous year, the business posted $0.38 EPS. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. Equities analysts predict that Tripadvisor Inc will post $1.15 earnings per share for the current fiscal year.

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A number of research firms have recently issued reports on TRIP. BidaskClub upgraded Tripadvisor from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Susquehanna Bancshares Inc restated a “neutral” rating and set a $32.00 price objective (down from $40.00) on shares of Tripadvisor in a research report on Thursday. Cowen and Company restated a “market perform” rating and set a $42.00 price objective (up from $40.00) on shares of Tripadvisor in a research report on Friday. UBS AG restated a “neutral” rating and set a $43.00 price objective (down from $50.00) on shares of Tripadvisor in a research report on Thursday. Finally, Stifel Nicolaus restated a “hold” rating and set a $40.00 price objective (down from $45.00) on shares of Tripadvisor in a research report on Thursday. Nine equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $44.82.

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.

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Institutional Ownership by Quarter for Tripadvisor (NASDAQ:TRIP)

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