TripAdvisor, Inc. $TRIP Stock Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its position in TripAdvisor, Inc. (NASDAQ:TRIP) by 75.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,786 shares of the travel company’s stock after selling 70,590 shares during the quarter. Vontobel Holding Ltd.’s holdings in TripAdvisor were worth $191,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TRIP. Nykredit A S bought a new position in TripAdvisor in the 2nd quarter worth about $32,000. Public Employees Retirement System of Ohio acquired a new stake in shares of TripAdvisor in the second quarter valued at approximately $36,000. Rockefeller Capital Management L.P. increased its stake in shares of TripAdvisor by 192.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,767 shares of the travel company’s stock valued at $40,000 after purchasing an additional 1,821 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of TripAdvisor in the second quarter valued at approximately $46,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of TripAdvisor during the second quarter valued at approximately $92,000. 98.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on TripAdvisor from $11.00 to $10.00 and set an “underweight” rating for the company in a research report on Friday, August 7th. The Goldman Sachs Group restated a “buy” rating and issued a $16.00 target price on shares of TripAdvisor in a research report on Monday, July 20th. B. Riley Financial lowered their target price on TripAdvisor from $13.00 to $12.50 and set a “neutral” rating on the stock in a research report on Monday, August 10th. Cantor Fitzgerald cut their target price on TripAdvisor from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Monday. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of TripAdvisor in a research report on Wednesday, August 12th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $14.04.

TripAdvisor Stock Performance

Shares of TRIP opened at $9.67 on Friday. The firm has a 50-day moving average price of $9.19 and a 200 day moving average price of $11.07. The firm has a market capitalization of $1.13 billion, a PE ratio of 967.97, a P/E/G ratio of 3.80 and a beta of 0.86. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.28. TripAdvisor, Inc. has a 52-week low of $8.02 and a 52-week high of $17.53.

TripAdvisor (NASDAQ:TRIP) last released its earnings results on Thursday, August 6th. The travel company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.03). The company had revenue of $385.30 million for the quarter, compared to analyst estimates of $506.27 million. TripAdvisor had a net margin of 0.28% and a return on equity of 4.23%. The firm’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.46 EPS. On average, sell-side analysts anticipate that TripAdvisor, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Almir Ambeskovic sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $9.45, for a total transaction of $75,600.00. Following the transaction, the chief executive officer owned 30,456 shares in the company, valued at $287,809.20. This trade represents a 20.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.00% of the stock is owned by company insiders.

About TripAdvisor

Tripadvisor, Inc (NASDAQ: TRIP) operates a global travel guidance and experiences platform. Its flagship Tripadvisor brand provides user-generated reviews, ratings, photos and travel information covering hotels, restaurants, attractions and destinations, helping travelers research and plan trips.

The company also operates Viator, an online marketplace for tours, activities and other travel experiences, and TheFork, a digital restaurant reservation platform serving diners and restaurants.