Tripadvisor Inc (TRIP) Shares Bought by Raymond James & Associates

Raymond James & Associates lifted its stake in shares of Tripadvisor Inc (NASDAQ:TRIP) by 385.9% during the second quarter, HoldingsChannel.com reports. The fund owned 41,996 shares of the travel company’s stock after purchasing an additional 33,353 shares during the period. Raymond James & Associates’ holdings in Tripadvisor were worth $2,340,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Flinton Capital Management LLC boosted its stake in shares of Tripadvisor by 31.3% during the 2nd quarter. Flinton Capital Management LLC now owns 9,520 shares of the travel company’s stock valued at $531,000 after buying an additional 2,272 shares during the period. Glen Harbor Capital Management LLC boosted its stake in shares of Tripadvisor by 31.3% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 16,660 shares of the travel company’s stock valued at $928,000 after buying an additional 3,976 shares during the period. Korea Investment CORP boosted its stake in shares of Tripadvisor by 105.8% during the 2nd quarter. Korea Investment CORP now owns 70,816 shares of the travel company’s stock valued at $3,945,000 after buying an additional 36,400 shares during the period. Liberty Mutual Group Asset Management Inc. acquired a new stake in shares of Tripadvisor during the 2nd quarter valued at $239,000. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Tripadvisor by 48.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 11,166 shares of the travel company’s stock valued at $621,000 after buying an additional 3,628 shares during the period. Institutional investors and hedge funds own 87.85% of the company’s stock.

A number of equities research analysts have issued reports on TRIP shares. BidaskClub lowered shares of Tripadvisor from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 3rd. ValuEngine lowered shares of Tripadvisor from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 2nd. Wedbush set a $48.00 price objective on shares of Tripadvisor and gave the company a “hold” rating in a research note on Sunday, August 5th. Stifel Nicolaus lifted their price objective on shares of Tripadvisor from $42.00 to $48.00 and gave the company a “hold” rating in a research note on Friday, August 3rd. Finally, Needham & Company LLC raised shares of Tripadvisor from an “underperform” rating to a “hold” rating in a research note on Friday, August 3rd. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $47.25.

Tripadvisor stock opened at $49.98 on Tuesday. The firm has a market cap of $7.02 billion, a price-to-earnings ratio of 105.13, a PEG ratio of 3.75 and a beta of 1.75. Tripadvisor Inc has a fifty-two week low of $29.50 and a fifty-two week high of $62.36.

Tripadvisor (NASDAQ:TRIP) last released its earnings results on Wednesday, August 1st. The travel company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.16. The firm had revenue of $433.00 million during the quarter, compared to analyst estimates of $434.86 million. Tripadvisor had a negative net margin of 1.40% and a positive return on equity of 4.36%. The business’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 EPS. Equities analysts expect that Tripadvisor Inc will post 0.81 earnings per share for the current year.

In other Tripadvisor news, insider Noel Bertram Watson sold 726 shares of the business’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $53.71, for a total transaction of $38,993.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.10% of the stock is owned by insiders.

Tripadvisor Profile

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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