Pacer Advisors Inc. Increases Stake in TripAdvisor, Inc. $TRIP

Pacer Advisors Inc. raised its position in TripAdvisor, Inc. (NASDAQ:TRIP) by 57.0% in the 4th quarter, Holdings Channel reports. The fund owned 677,836 shares of the travel company’s stock after acquiring an additional 246,196 shares during the period. Pacer Advisors Inc.’s holdings in TripAdvisor were worth $9,869,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in TRIP. Headwater Capital Co Ltd purchased a new position in TripAdvisor during the third quarter worth about $14,959,000. Holocene Advisors LP lifted its position in TripAdvisor by 78.5% in the third quarter. Holocene Advisors LP now owns 2,210,903 shares of the travel company’s stock valued at $35,949,000 after purchasing an additional 972,369 shares during the period. SG Americas Securities LLC boosted its holdings in TripAdvisor by 1,712.3% in the 4th quarter. SG Americas Securities LLC now owns 1,107,995 shares of the travel company’s stock valued at $16,132,000 after purchasing an additional 1,046,858 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in TripAdvisor in the 3rd quarter valued at approximately $6,294,000. Finally, Blue Grotto Capital LLC increased its position in TripAdvisor by 24.2% during the 4th quarter. Blue Grotto Capital LLC now owns 1,615,000 shares of the travel company’s stock worth $23,514,000 after purchasing an additional 315,000 shares during the period. Hedge funds and other institutional investors own 98.99% of the company’s stock.

TripAdvisor Stock Performance

Shares of TripAdvisor stock opened at $12.97 on Monday. TripAdvisor, Inc. has a 12-month low of $9.01 and a 12-month high of $20.16. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.36. The stock has a market cap of $1.51 billion, a PE ratio of 129.71, a price-to-earnings-growth ratio of 2.54 and a beta of 0.90. The company has a 50-day moving average of $11.11 and a two-hundred day moving average of $11.91.

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

Analyst Upgrades and Downgrades

TRIP has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of TripAdvisor in a research note on Friday, May 15th. Bank of America upgraded TripAdvisor from a “neutral” rating to a “buy” rating and lifted their price target for the company from $14.00 to $15.00 in a research note on Friday, March 27th. JPMorgan Chase & Co. dropped their price objective on TripAdvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a report on Friday, May 8th. Barclays cut their price objective on TripAdvisor from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Monday, May 11th. Finally, UBS Group reduced their target price on TripAdvisor from $16.00 to $13.70 and set a “neutral” rating for the company in a report on Monday, April 27th. Five equities research 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. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $15.19.

Insiders Place Their Bets

In related news, CEO Almir Ambeskovic sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was 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 of the company’s stock, valued at $423,070.80. This trade represents a 18.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.00% of the stock is owned by insiders.

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.