TripAdvisor, Inc. $TRIP Shares Purchased by River Road Asset Management LLC

River Road Asset Management LLC boosted its holdings in shares of TripAdvisor, Inc. (NASDAQ:TRIP) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,448,718 shares of the travel company’s stock after acquiring an additional 56,159 shares during the period. River Road Asset Management LLC owned 3.01% of TripAdvisor worth $50,213,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Headwater Capital Co Ltd purchased a new position in TripAdvisor during the 3rd quarter valued at about $14,959,000. Holocene Advisors LP increased its stake in TripAdvisor by 78.5% during the third quarter. Holocene Advisors LP now owns 2,210,903 shares of the travel company’s stock worth $35,949,000 after purchasing an additional 972,369 shares during the period. SG Americas Securities LLC lifted its position in shares of TripAdvisor by 1,712.3% during the fourth quarter. SG Americas Securities LLC now owns 1,107,995 shares of the travel company’s stock worth $16,132,000 after purchasing an additional 1,046,858 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of TripAdvisor during the third quarter worth about $6,294,000. Finally, Jupiter Asset Management Ltd. purchased a new position in shares of TripAdvisor in the third quarter valued at approximately $3,871,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on TRIP shares. Bank of America upgraded shares of TripAdvisor from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $14.00 to $15.00 in a report on Friday, March 27th. DA Davidson increased their target price on shares of TripAdvisor from $10.50 to $15.50 and gave the stock a “neutral” rating in a report on Monday. Wedbush raised their price target on shares of TripAdvisor from $19.00 to $20.00 and gave the company an “outperform” rating in a research report on Tuesday. Weiss Ratings restated a “sell (d)” rating on shares of TripAdvisor in a research note on Friday, May 15th. Finally, BTIG Research reaffirmed a “buy” rating on shares of TripAdvisor in a research report on Monday. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $15.19.

TripAdvisor Stock Up 2.9%

Shares of TripAdvisor stock opened at $12.97 on Friday. TripAdvisor, Inc. has a 52-week low of $9.01 and a 52-week high of $20.16. The company has a 50 day moving average of $11.07 and a 200 day moving average of $11.93. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $1.51 billion, a P/E ratio of 129.71, a P/E/G ratio of 2.47 and a beta of 0.90.

TripAdvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Thursday, May 7th. The travel company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.08). TripAdvisor had a return on equity of 5.73% and a net margin of 0.99%.The firm had revenue of $382.40 million for the quarter, compared to analyst estimates of $384.69 million. During the same quarter last year, the firm earned $0.14 EPS. The company’s revenue was down 4.0% on a year-over-year basis. As a group, research analysts forecast that TripAdvisor, Inc. will post 0.69 EPS for the current fiscal year.

Insider Activity

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 transaction of $98,400.00. Following the completion of the transaction, the chief executive officer owned 34,396 shares in the company, valued at approximately $423,070.80. The trade was a 18.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.00% of the company’s stock.

About TripAdvisor

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.