Los Angeles Capital Management & Equity Research Inc. Invests $608,000 in TripAdvisor, Inc. (TRIP) Stock
Los Angeles Capital Management & Equity Research Inc. bought a new stake in TripAdvisor, Inc. (NASDAQ:TRIP) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,924 shares of the travel company’s stock, valued at approximately $608,000.
A number of other hedge funds also recently made changes to their positions in the stock. Cutter & CO Brokerage Inc. boosted its holdings in TripAdvisor by 0.5% in the second quarter. Cutter & CO Brokerage Inc. now owns 6,520 shares of the travel company’s stock valued at $249,000 after acquiring an additional 30 shares during the last quarter. Lourd Capital LLC boosted its holdings in TripAdvisor by 0.6% in the second quarter. Lourd Capital LLC now owns 7,497 shares of the travel company’s stock valued at $286,000 after acquiring an additional 47 shares during the last quarter. United Capital Financial Advisers LLC boosted its holdings in TripAdvisor by 0.7% in the first quarter. United Capital Financial Advisers LLC now owns 9,576 shares of the travel company’s stock valued at $413,000 after acquiring an additional 65 shares during the last quarter. Utah Retirement Systems boosted its holdings in TripAdvisor by 0.5% in the first quarter. Utah Retirement Systems now owns 20,861 shares of the travel company’s stock valued at $900,000 after acquiring an additional 100 shares during the last quarter. Finally, Nordea Investment Management AB boosted its holdings in TripAdvisor by 3.5% in the first quarter. Nordea Investment Management AB now owns 4,597 shares of the travel company’s stock valued at $198,000 after acquiring an additional 157 shares during the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.
Shares of TripAdvisor, Inc. (TRIP) opened at 44.365 on Friday. The stock has a market capitalization of $6.16 billion, a price-to-earnings ratio of 67.118 and a beta of 2.37. TripAdvisor, Inc. has a 52-week low of $35.34 and a 52-week high of $66.13. The company has a 50-day moving average price of $41.78 and a 200-day moving average price of $41.18.
TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings results on Tuesday, August 8th. The travel company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.05). The firm had revenue of $424.00 million for the quarter, compared to the consensus estimate of $421.66 million. TripAdvisor had a net margin of 6.26% and a return on equity of 8.62%. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.38 earnings per share. On average, equities analysts anticipate that TripAdvisor, Inc. will post $1.15 earnings per share for the current year.
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Several brokerages recently commented on TRIP. Cowen and Company reiterated a “hold” rating and issued a $42.00 target price on shares of TripAdvisor in a report on Tuesday, September 12th. ValuEngine upgraded TripAdvisor from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Jefferies Group LLC lowered TripAdvisor from a “hold” rating to an “underperform” rating and dropped their price target for the company from $50.00 to $30.00 in a research note on Thursday, August 24th. SunTrust Banks, Inc. assumed coverage on TripAdvisor in a research note on Tuesday, August 15th. They issued a “hold” rating and a $44.00 price target on the stock. Finally, Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $32.00 price target (down from $40.00) on shares of TripAdvisor in a research note on Thursday, August 10th. Nine equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $43.44.
In other TripAdvisor news, insider Dermot Halpin sold 12,859 shares of TripAdvisor stock in a transaction on Friday, August 18th. The stock was sold at an average price of $39.09, for a total transaction of $502,658.31. Following the completion of the transaction, the insider now owns 5,364 shares in the company, valued at $209,678.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.98% of the stock is currently owned by insiders.
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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