NFJ Investment Group LLC Purchases Shares of 331,980 TripAdvisor, Inc. $TRIP

NFJ Investment Group LLC purchased a new stake in shares of TripAdvisor, Inc. (NASDAQ:TRIP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 331,980 shares of the travel company’s stock, valued at approximately $4,834,000.

Other hedge funds have also bought and sold shares of the company. UMB Bank n.a. grew its holdings in TripAdvisor by 295.2% during the fourth quarter. UMB Bank n.a. now owns 2,300 shares of the travel company’s stock valued at $33,000 after purchasing an additional 1,718 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of TripAdvisor in the fourth quarter valued at about $33,000. Smartleaf Asset Management LLC lifted its position in shares of TripAdvisor by 39.7% in the third quarter. Smartleaf Asset Management LLC now owns 2,482 shares of the travel company’s stock valued at $42,000 after acquiring an additional 705 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of TripAdvisor by 308.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,077 shares of the travel company’s stock valued at $53,000 after acquiring an additional 3,078 shares in the last quarter. Finally, CIBC Private Wealth Group LLC purchased a new position in shares of TripAdvisor in the third quarter valued at about $58,000. Institutional investors own 98.99% of the company’s stock.

TripAdvisor Price Performance

Shares of TripAdvisor stock opened at $12.41 on Friday. 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 $1.44 billion, a price-to-earnings ratio of 124.11, a PEG ratio of 2.44 and a beta of 0.90. TripAdvisor, Inc. has a 52 week low of $9.01 and a 52 week high of $20.16. The stock’s 50-day simple moving average is $10.92 and its 200-day simple moving average is $12.01.

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

Analyst Upgrades and Downgrades

TRIP has been the topic of several research analyst reports. Barclays lowered their price objective on TripAdvisor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Monday, May 11th. Zacks Research downgraded TripAdvisor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Weiss Ratings restated a “sell (d)” rating on shares of TripAdvisor in a research report on Friday, May 15th. DA Davidson lowered their price objective on TripAdvisor from $11.00 to $10.50 and set a “neutral” rating on the stock in a research report on Monday, May 18th. Finally, B. Riley Financial lowered their price objective on TripAdvisor from $18.00 to $13.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $14.76.

Insider Activity at TripAdvisor

In related news, CEO Almir Ambeskovic sold 8,000 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $12.30, for a total value of $98,400.00. Following the sale, the chief executive officer directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 3.10% of the company’s stock.

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.