CIBC Asset Management Inc reduced its position in shares of Tripadvisor Inc (NASDAQ:TRIP) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,089 shares of the travel company’s stock after selling 266 shares during the period. CIBC Asset Management Inc’s holdings in Tripadvisor were worth $598,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Jackson Square Partners LLC increased its position in Tripadvisor by 17.8% during the third quarter. Jackson Square Partners LLC now owns 10,987,460 shares of the travel company’s stock worth $561,129,000 after purchasing an additional 1,660,405 shares during the last quarter. BlackRock Inc. increased its position in Tripadvisor by 3.7% during the fourth quarter. BlackRock Inc. now owns 7,673,036 shares of the travel company’s stock worth $413,885,000 after purchasing an additional 275,281 shares during the last quarter. Macquarie Group Ltd. increased its position in Tripadvisor by 24.7% during the third quarter. Macquarie Group Ltd. now owns 3,202,271 shares of the travel company’s stock worth $163,539,000 after purchasing an additional 634,792 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd increased its position in Tripadvisor by 4.2% during the fourth quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,196,989 shares of the travel company’s stock worth $118,505,000 after purchasing an additional 89,436 shares during the last quarter. Finally, Northern Trust Corp increased its position in Tripadvisor by 8.5% during the fourth quarter. Northern Trust Corp now owns 1,331,988 shares of the travel company’s stock worth $71,848,000 after purchasing an additional 104,572 shares during the last quarter. Hedge funds and other institutional investors own 87.63% of the company’s stock.

Shares of TRIP opened at $51.59 on Friday. Tripadvisor Inc has a 1-year low of $36.75 and a 1-year high of $69.00. The stock has a market cap of $7.14 billion, a price-to-earnings ratio of 49.13, a P/E/G ratio of 3.14 and a beta of 1.31.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Tuesday, February 12th. The travel company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.12. Tripadvisor had a net margin of 7.00% and a return on equity of 9.27%. The business had revenue of $346.00 million during the quarter, compared to analysts’ expectations of $342.90 million. During the same period last year, the business earned $0.06 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities research analysts anticipate that Tripadvisor Inc will post 1.27 EPS for the current year.

TRIP has been the subject of several recent analyst reports. BidaskClub upgraded shares of Tripadvisor from a “hold” rating to a “buy” rating in a research report on Tuesday, January 29th. Cowen cut shares of Tripadvisor from a “market perform” rating to an “underperform” rating and cut their price objective for the stock from $50.00 to $40.00 in a research report on Wednesday, March 6th. DA Davidson set a $62.00 price objective on shares of Tripadvisor and gave the stock a “hold” rating in a research report on Friday, November 23rd. Piper Jaffray Companies raised their price objective on shares of Tripadvisor to $58.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 13th. Finally, ValuEngine cut shares of Tripadvisor from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $56.19.

In related news, CFO Ernst 02494 Teunissen sold 15,418 shares of Tripadvisor stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $53.08, for a total value of $818,387.44. Following the completion of the transaction, the chief financial officer now owns 12,668 shares in the company, valued at $672,417.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dermot Halpin sold 14,656 shares of Tripadvisor stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $55.15, for a total transaction of $808,278.40. Following the completion of the transaction, the insider now owns 29,649 shares of the company’s stock, valued at approximately $1,635,142.35. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,729 shares of company stock valued at $2,627,528. Company insiders own 3.10% of the company’s stock.

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About Tripadvisor

TripAdvisor, Inc operates as an online travel company. The company operates in two segments, Hotel and Non-Hotel. Its travel platform aggregates reviews and opinions of members about destinations, accommodations, activities and attractions, and restaurants, which enables users to research and plan their travel experiences, as well as book hotels, flights, cruises, vacation rentals, tours, activities and attractions, and restaurant reservations on its site or mobile app, or on the site or app of travel partner sites.

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Institutional Ownership by Quarter for Tripadvisor (NASDAQ:TRIP)

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