Prudential Financial Inc. raised its stake in TripAdvisor Inc. (NASDAQ:TRIP) by 8.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 157,998 shares of the travel company’s stock after buying an additional 12,450 shares during the period. Prudential Financial Inc. owned about 0.11% of TripAdvisor worth $10,160,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the company. Bradley Foster & Sargent Inc. CT purchased a new position in TripAdvisor during the second quarter worth about $469,000. Teacher Retirement System of Texas boosted its position in TripAdvisor by 31.1% in the second quarter. Teacher Retirement System of Texas now owns 8,443 shares of the travel company’s stock worth $543,000 after buying an additional 2,004 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in TripAdvisor by 15.9% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 490,993 shares of the travel company’s stock worth $31,571,000 after buying an additional 67,259 shares during the last quarter. Apertura Capital LLC purchased a new position in TripAdvisor during the second quarter worth about $965,000. Finally, Victory Capital Management Inc. boosted its position in TripAdvisor by 4.8% in the second quarter. Victory Capital Management Inc. now owns 13,200 shares of the travel company’s stock worth $849,000 after buying an additional 606 shares during the last quarter. 87.79% of the stock is owned by institutional investors and hedge funds.
Shares of TripAdvisor Inc. (NASDAQ:TRIP) traded up 1.312% during mid-day trading on Wednesday, hitting $65.265. 393,345 shares of the stock were exchanged. The company has a market cap of $9.51 billion, a P/E ratio of 68.700 and a beta of 2.35. The stock’s 50-day moving average price is $62.07 and its 200-day moving average price is $64.53. TripAdvisor Inc. has a 52-week low of $53.48 and a 52-week high of $87.50.
TripAdvisor (NASDAQ:TRIP) last released its earnings results on Wednesday, August 3rd. The travel company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by $0.04. The company earned $391 million during the quarter. TripAdvisor had a return on equity of 13.55% and a net margin of 9.41%. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 EPS. Equities research analysts anticipate that TripAdvisor Inc. will post $1.58 earnings per share for the current fiscal year.
A number of equities analysts have issued reports on TRIP shares. Piper Jaffray Cos. restated an “overweight” rating and issued a $95.00 price objective on shares of TripAdvisor in a research report on Tuesday, June 7th. Cowen and Company restated a “market perform” rating and issued a $70.00 price objective (up previously from $65.00) on shares of TripAdvisor in a research report on Wednesday, June 15th. Cantor Fitzgerald restated a “hold” rating and issued a $70.00 price objective (down previously from $74.00) on shares of TripAdvisor in a research report on Tuesday, July 5th. Jefferies Group restated a “hold” rating on shares of TripAdvisor in a research report on Monday, July 11th. Finally, Zacks Investment Research cut shares of TripAdvisor from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Four investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and three have assigned a buy rating to the stock. TripAdvisor presently has an average rating of “Hold” and a consensus price target of $69.54.
In related news, Viator CEO Barrie Seidenberg sold 4,274 shares of TripAdvisor stock in a transaction that occurred on Monday, September 26th. The shares were sold at an average price of $60.77, for a total value of $259,730.98. Following the completion of the sale, the insider now directly owns 286 shares in the company, valued at approximately $17,380.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dermot Halpin sold 10,000 shares of TripAdvisor stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $61.77, for a total transaction of $617,700.00. Following the completion of the sale, the insider now owns 10,900 shares of the company’s stock, valued at $673,293. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by corporate insiders.
TripAdvisor, Inc is an online travel company, which owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s flagship brand, is a travel Website. The Company operates in two segments. The Hotel segment’s services include making hotel room nights available for price comparison and booking, including instant booking feature, as well as subscription-based hotel products, such as Business Listings, and transaction-based hotel products, such as Jetsetter and Tingo.
Receive News & Ratings for TripAdvisor Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TripAdvisor Inc. and related companies with MarketBeat.com's FREE daily email newsletter.