Disciplined Growth Investors Inc. MN grew its holdings in TripAdvisor (NASDAQ:TRIP) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 489,678 shares of the travel company’s stock after buying an additional 13,101 shares during the quarter. Disciplined Growth Investors Inc. MN owned about 0.35% of TripAdvisor worth $16,874,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. FNY Managed Accounts LLC purchased a new stake in shares of TripAdvisor in the third quarter valued at $101,000. SeaCrest Wealth Management LLC acquired a new position in TripAdvisor in the fourth quarter valued at $104,000. NuWave Investment Management LLC acquired a new position in TripAdvisor in the fourth quarter valued at $116,000. Steward Partners Investment Advisory LLC lifted its stake in shares of TripAdvisor by 164.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,880 shares of the travel company’s stock worth $168,000 after purchasing an additional 3,037 shares in the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in shares of TripAdvisor during the fourth quarter worth about $180,000. 89.15% of the stock is owned by hedge funds and other institutional investors.
TRIP stock traded up $0.38 during midday trading on Thursday, reaching $40.71. The company’s stock had a trading volume of 1,051,453 shares, compared to its average volume of 2,974,281. The stock has a market cap of $5,674.63, a PE ratio of 84.81, a PEG ratio of 4.73 and a beta of 1.83. TripAdvisor has a 52 week low of $29.50 and a 52 week high of $50.95. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.67 and a current ratio of 2.67.
TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Wednesday, February 14th. The travel company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.08). The firm had revenue of $321.00 million for the quarter, compared to the consensus estimate of $309.12 million. TripAdvisor had a positive return on equity of 5.63% and a negative net margin of 1.22%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.16 earnings per share. sell-side analysts predict that TripAdvisor will post 0.65 earnings per share for the current fiscal year.
TripAdvisor announced that its board has initiated a share buyback plan on Wednesday, February 14th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the travel company to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
Several research analysts recently commented on TRIP shares. Mizuho assumed coverage on TripAdvisor in a research note on Wednesday, March 21st. They issued a “neutral” rating and a $40.00 price target on the stock. BidaskClub raised TripAdvisor from a “sell” rating to a “hold” rating in a report on Friday, February 16th. Wedbush began coverage on TripAdvisor in a research report on Tuesday, April 3rd. They set a “neutral” rating and a $42.00 price objective for the company. Zacks Investment Research downgraded TripAdvisor from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Oppenheimer reiterated a “hold” rating on shares of TripAdvisor in a research report on Thursday, January 25th. Seven investment analysts have rated the stock with a sell rating and twenty have assigned a hold rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $40.43.
In related news, CFO Ernst 02494 Teunissen sold 9,457 shares of TripAdvisor stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $40.00, for a total transaction of $378,280.00. Following the completion of the sale, the chief financial officer now owns 13,866 shares of the company’s stock, valued at approximately $554,640. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dermot Halpin sold 26,313 shares of TripAdvisor stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $42.49, for a total transaction of $1,118,039.37. The disclosure for this sale can be found here. Insiders own 1.09% of the company’s stock.
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TripAdvisor Company Profile
TripAdvisor, Inc operates as an online travel company. The company operates in two segments, Hotel and Non-Hotel. Its travel platform aggregates reviews and opinions of members about destinations, accommodations, activities and attractions, and restaurants, which enables users to research and plan their travel experiences, as well as book hotels, flights, cruises, vacation rentals, tours, activities and attractions, and restaurant reservations on its site or mobile app, or on the site or app of travel partner sites.
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