Tripadvisor Inc Common Stock (TRIP) Shares Bought by M&T Bank Corp

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M&T Bank Corp lifted its position in Tripadvisor Inc Common Stock (NASDAQ:TRIP) by 11.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,449 shares of the travel company’s stock after acquiring an additional 2,028 shares during the quarter. M&T Bank Corp’s holdings in Tripadvisor Inc Common Stock were worth $796,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC bought a new position in Tripadvisor Inc Common Stock in the fourth quarter worth about $104,000. NuWave Investment Management LLC bought a new position in Tripadvisor Inc Common Stock in the fourth quarter worth about $116,000. Steward Partners Investment Advisory LLC raised its holdings in Tripadvisor Inc Common Stock by 164.8% in 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. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in Tripadvisor Inc Common Stock in the fourth quarter worth about $180,000. Finally, Massmutual Trust Co. FSB ADV raised its holdings in Tripadvisor Inc Common Stock by 17,655.6% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,598 shares of the travel company’s stock worth $192,000 after purchasing an additional 1,589 shares in the last quarter. Hedge funds and other institutional investors own 93.28% of the company’s stock.

Tripadvisor Inc Common Stock traded down $1.66, reaching $56.63, during trading hours on Wednesday, according to Marketbeat Ratings. The stock had a trading volume of 2,141,389 shares, compared to its average volume of 3,027,682. The firm has a market cap of $7.85 billion, a P/E ratio of 117.98, a P/E/G ratio of 5.37 and a beta of 1.89. Tripadvisor Inc Common Stock has a 52-week low of $29.50 and a 52-week high of $58.80.

Tripadvisor Inc Common Stock (NASDAQ:TRIP) last issued its earnings results on Tuesday, May 8th. The travel company reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.14. The firm had revenue of $378.00 million for the quarter, compared to analyst estimates of $361.02 million. Tripadvisor Inc Common Stock had a positive return on equity of 4.92% and a negative net margin of 1.73%. Tripadvisor Inc Common Stock’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 earnings per share. sell-side analysts anticipate that Tripadvisor Inc Common Stock will post 0.77 earnings per share for the current year.

Tripadvisor Inc Common Stock announced that its board has approved a stock buyback program on Wednesday, February 14th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the travel company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

In related news, CAO Noel Bertram Watson sold 728 shares of the company’s stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $48.08, for a total value of $35,002.24. Following the sale, the chief accounting officer now owns 726 shares in the company, valued at $34,906.08. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.10% of the stock is owned by corporate insiders.

A number of brokerages have commented on TRIP. ValuEngine downgraded shares of Tripadvisor Inc Common Stock from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Piper Jaffray Companies reiterated a “neutral” rating and issued a $47.00 target price on shares of Tripadvisor Inc Common Stock in a report on Thursday, February 15th. DA Davidson began coverage on shares of Tripadvisor Inc Common Stock in a report on Wednesday, April 4th. They issued a “neutral” rating and a $46.00 target price for the company. BidaskClub upgraded shares of Tripadvisor Inc Common Stock from a “sell” rating to a “hold” rating in a report on Thursday, March 8th. Finally, Barclays reiterated an “equal weight” rating and issued a $41.00 target price (up from $35.00) on shares of Tripadvisor Inc Common Stock in a report on Friday, February 16th. Four equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $40.84.

Tripadvisor Inc Common Stock 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.

Institutional Ownership by Quarter for Tripadvisor Inc Common Stock (NASDAQ:TRIP)

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