Wellington Shields & Co. LLC Acquires Shares of 42,500 TripAdvisor, Inc. (TRIP)
Wellington Shields & Co. LLC acquired a new position in shares of TripAdvisor, Inc. (NASDAQ:TRIP) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 42,500 shares of the travel company’s stock, valued at approximately $1,723,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. acquired a new stake in shares of TripAdvisor during the first quarter worth $113,000. KCG Holdings Inc. acquired a new stake in shares of TripAdvisor during the first quarter worth $205,000. BlueMountain Capital Management LLC acquired a new stake in shares of TripAdvisor during the second quarter worth $242,000. Cutter & CO Brokerage Inc. increased its position in shares of TripAdvisor by 0.5% during the second quarter. Cutter & CO Brokerage Inc. now owns 6,520 shares of the travel company’s stock worth $249,000 after buying an additional 30 shares during the period. Finally, Westfield Capital Management Co. LP acquired a new stake in shares of TripAdvisor during the second quarter worth $252,000. Institutional investors own 87.38% of the company’s stock.
In related news, insider Dermot Halpin sold 12,859 shares of the firm’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $39.09, for a total transaction of $502,658.31. Following the transaction, the insider now directly owns 5,364 shares of the company’s stock, valued at $209,678.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.09% of the stock is owned by company insiders.
Several equities research analysts have recently weighed in on the stock. Royal Bank Of Canada decreased their price objective on shares of TripAdvisor from $38.00 to $34.00 and set a “sector perform” rating for the company in a research report on Monday. UBS AG reiterated a “neutral” rating and set a $43.00 price objective (down from $50.00) on shares of TripAdvisor in a research report on Thursday, August 10th. Bank of America Corporation reiterated an “underperform” rating and set a $30.00 price objective (down from $35.00) on shares of TripAdvisor in a research report on Wednesday, August 9th. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $32.00 price objective (down from $40.00) on shares of TripAdvisor in a research report on Thursday, August 10th. Finally, Piper Jaffray Companies decreased their price objective on shares of TripAdvisor to $43.00 and set a “neutral” rating for the company in a research report on Wednesday, August 9th. Nine equities research analysts have rated the stock with a sell rating and nineteen have assigned a hold rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $40.05.
TripAdvisor, Inc. (NASDAQ TRIP) traded down $0.41 on Tuesday, hitting $30.35. 1,129,374 shares of the company were exchanged, compared to its average volume of 3,088,027. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.47 and a quick ratio of 2.47. TripAdvisor, Inc. has a one year low of $29.79 and a one year high of $53.58. The company has a market capitalization of $4,331.60, a price-to-earnings ratio of 45.20, a P/E/G ratio of 2.32 and a beta of 2.33.
TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings results on Monday, November 6th. The travel company reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.36. TripAdvisor had a net margin of 4.26% and a return on equity of 6.81%. The company had revenue of $439.00 million for the quarter, compared to analyst estimates of $451.27 million. During the same period last year, the firm earned $0.53 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis. analysts predict that TripAdvisor, Inc. will post 0.68 earnings per share for the current year.
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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