TripAdvisor, Inc. $TRIP Shares Acquired by Wittenberg Investment Management Inc.

Wittenberg Investment Management Inc. grew its position in TripAdvisor, Inc. (NASDAQ:TRIP) by 35.1% during the fourth quarter, Holdings Channel reports. The firm owned 170,259 shares of the travel company’s stock after acquiring an additional 44,259 shares during the period. TripAdvisor makes up approximately 1.0% of Wittenberg Investment Management Inc.’s portfolio, making the stock its 16th largest position. Wittenberg Investment Management Inc.’s holdings in TripAdvisor were worth $2,479,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. P Schoenfeld Asset Management LP increased its holdings in shares of TripAdvisor by 25.0% in the fourth quarter. P Schoenfeld Asset Management LP now owns 125,000 shares of the travel company’s stock valued at $1,820,000 after purchasing an additional 25,000 shares during the period. NFJ Investment Group LLC acquired a new position in shares of TripAdvisor in the fourth quarter valued at about $4,834,000. Atlas Capital Advisors Inc. acquired a new position in shares of TripAdvisor in the fourth quarter valued at about $58,000. Kestra Advisory Services LLC acquired a new position in shares of TripAdvisor in the fourth quarter valued at about $33,000. Finally, Soros Fund Management LLC acquired a new position in shares of TripAdvisor in the fourth quarter valued at about $7,571,000. 98.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Wedbush assumed coverage on TripAdvisor in a report on Tuesday, June 2nd. They issued an “outperform” rating and a $19.00 price objective on the stock. JPMorgan Chase & Co. cut 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 on the stock in a report on Monday, May 11th. BTIG Research reissued a “buy” rating and issued a $15.00 price objective on shares of TripAdvisor in a report on Friday, May 29th. Finally, B. Riley Financial cut their price objective on TripAdvisor from $18.00 to $13.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Five investment 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, TripAdvisor presently has a consensus rating of “Hold” and an average target price of $14.76.

Insider Buying and Selling

In related news, CEO Almir Ambeskovic sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $12.30, for a total transaction of $98,400.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 currently owned by company insiders.

TripAdvisor Price Performance

TripAdvisor stock opened at $12.41 on Monday. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 124.11, a price-to-earnings-growth 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 business’s 50-day moving average price is $10.92 and its 200 day moving average price is $11.99. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.36.

TripAdvisor (NASDAQ:TRIP) last posted its 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). The company had revenue of $382.40 million for the quarter, compared to analyst estimates of $384.69 million. TripAdvisor had a return on equity of 5.73% and a net margin of 0.99%.The firm’s revenue was down 4.0% on a year-over-year basis. During the same period last year, the business earned $0.14 earnings per share. As a group, sell-side analysts anticipate that TripAdvisor, Inc. will post 0.69 earnings per share for the current year.

TripAdvisor 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.