K.J. Harrison & Partners Inc Invests $1.52 Million in TripAdvisor, Inc. $TRIP

K.J. Harrison & Partners Inc bought a new stake in shares of TripAdvisor, Inc. (NASDAQ:TRIP) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 111,153 shares of the travel company’s stock, valued at approximately $1,524,000. K.J. Harrison & Partners Inc owned approximately 0.10% of TripAdvisor at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TRIP. Essex Financial Services Inc. boosted its stake in TripAdvisor by 4.5% in the 4th quarter. Essex Financial Services Inc. now owns 17,864 shares of the travel company’s stock worth $260,000 after purchasing an additional 776 shares in the last quarter. Acorn Financial Advisory Services Inc. ADV raised its holdings in shares of TripAdvisor by 1.3% in the fourth quarter. Acorn Financial Advisory Services Inc. ADV now owns 64,053 shares of the travel company’s stock worth $933,000 after buying an additional 847 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of TripAdvisor by 1.8% during the fourth quarter. State of Alaska Department of Revenue now owns 62,887 shares of the travel company’s stock worth $914,000 after buying an additional 1,091 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of TripAdvisor by 13.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 9,812 shares of the travel company’s stock valued at $143,000 after buying an additional 1,126 shares during the last quarter. Finally, Illinois Municipal Retirement Fund grew its holdings in shares of TripAdvisor by 2.0% during the first quarter. Illinois Municipal Retirement Fund now owns 61,011 shares of the travel company’s stock valued at $650,000 after buying an additional 1,216 shares during the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at TripAdvisor

In related news, CEO Almir Ambeskovic sold 8,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $12.30, for a total value of $98,400.00. Following the completion of the transaction, the chief executive officer directly owned 34,396 shares in the company, valued at $423,070.80. The trade was a 18.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.00% of the stock is currently owned by company insiders.

TripAdvisor Stock Performance

NASDAQ TRIP opened at $10.17 on Tuesday. TripAdvisor, Inc. has a fifty-two week low of $9.01 and a fifty-two week high of $20.16. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market capitalization of $1.19 billion, a P/E ratio of 1,018.02, a PEG ratio of 2.11 and a beta of 0.86. The stock has a 50-day simple moving average of $13.13 and a two-hundred day simple moving average of $11.59.

TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Thursday, August 6th. The travel company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.03). TripAdvisor had a net margin of 0.28% and a return on equity of 4.23%. The company had revenue of $385.30 million for the quarter, compared to analysts’ expectations of $506.27 million. During the same quarter in the prior year, the business posted $0.46 earnings per share. The firm’s revenue was down 7.2% compared to the same quarter last year. On average, equities analysts forecast that TripAdvisor, Inc. will post 0.69 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. B. Riley Financial reduced their target price on TripAdvisor from $13.00 to $12.50 and set a “neutral” rating for the company in a research note on Monday, August 10th. JPMorgan Chase & Co. cut their price objective on TripAdvisor from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Friday, August 7th. DA Davidson raised their price objective on TripAdvisor from $10.50 to $15.50 and gave the stock a “neutral” rating in a research note on Monday, June 15th. Cantor Fitzgerald reduced their price objective on TripAdvisor from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Friday, August 7th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $16.00 target price on shares of TripAdvisor in a report on Monday, July 20th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $14.12.

TripAdvisor Company Profile

TripAdvisor (NASDAQ:TRIP) is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company’s flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor’s offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.