Wells Fargo & Company MN Sells 7,261 Shares of Tripadvisor Inc Common Stock (TRIP)

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Wells Fargo & Company MN trimmed its stake in Tripadvisor Inc Common Stock (NASDAQ:TRIP) by 3.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 225,836 shares of the travel company’s stock after selling 7,261 shares during the quarter. Wells Fargo & Company MN owned approximately 0.16% of Tripadvisor Inc Common Stock worth $12,581,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Tripadvisor Inc Common Stock by 10.9% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,894 shares of the travel company’s stock valued at $445,000 after purchasing an additional 1,074 shares in the last quarter. Norinchukin Bank The raised its stake in shares of Tripadvisor Inc Common Stock by 14.7% during the first quarter. Norinchukin Bank The now owns 9,943 shares of the travel company’s stock valued at $407,000 after purchasing an additional 1,274 shares in the last quarter. Roundview Capital LLC raised its stake in shares of Tripadvisor Inc Common Stock by 20.3% during the first quarter. Roundview Capital LLC now owns 8,450 shares of the travel company’s stock valued at $346,000 after purchasing an additional 1,425 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Tripadvisor Inc Common Stock by 87.8% during the first quarter. Robeco Institutional Asset Management B.V. now owns 3,881 shares of the travel company’s stock valued at $159,000 after purchasing an additional 1,814 shares in the last quarter. Finally, Advisory Services Network LLC raised its stake in shares of Tripadvisor Inc Common Stock by 10,215.8% during the second quarter. Advisory Services Network LLC now owns 1,960 shares of the travel company’s stock valued at $119,000 after purchasing an additional 1,941 shares in the last quarter. Institutional investors own 87.83% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. DA Davidson lifted their price objective on shares of Tripadvisor Inc Common Stock to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, July 10th. Cowen reaffirmed a “hold” rating and set a $47.00 target price on shares of Tripadvisor Inc Common Stock in a report on Thursday, August 2nd. ValuEngine raised Tripadvisor Inc Common Stock from a “sell” rating to a “hold” rating in a report on Wednesday, May 9th. Zacks Investment Research lowered Tripadvisor Inc Common Stock from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 7th. Finally, Deutsche Bank lifted their target price on Tripadvisor Inc Common Stock from $50.00 to $53.00 and gave the stock a “hold” rating in a report on Tuesday, July 31st. Two investment analysts have rated the stock with a sell rating, twenty have given a hold rating and three have assigned a buy rating to the stock. Tripadvisor Inc Common Stock presently has an average rating of “Hold” and a consensus price target of $46.88.

In related news, CFO Ernst 02494 Teunissen sold 8,308 shares of Tripadvisor Inc Common Stock stock in a transaction dated Friday, June 15th. The stock was sold at an average price of $57.46, for a total value of $477,377.68. Following the transaction, the chief financial officer now owns 14,600 shares of the company’s stock, valued at approximately $838,916. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Seth J. Kalvert sold 5,235 shares of Tripadvisor Inc Common Stock stock in a transaction dated Friday, June 15th. The stock was sold at an average price of $57.46, for a total value of $300,803.10. Following the completion of the transaction, the senior vice president now directly owns 8,030 shares in the company, valued at approximately $461,403.80. The disclosure for this sale can be found here. Insiders sold a total of 17,766 shares of company stock worth $1,016,923 in the last three months. 3.10% of the stock is currently owned by company insiders.

Shares of TRIP opened at $51.20 on Thursday. The stock has a market capitalization of $7.47 billion, a P/E ratio of 106.67, a P/E/G ratio of 4.00 and a beta of 1.73. Tripadvisor Inc Common Stock has a 1-year low of $29.50 and a 1-year high of $62.36.

Tripadvisor Inc Common Stock (NASDAQ:TRIP) last issued its quarterly earnings results on Wednesday, August 1st. The travel company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.16. The firm had revenue of $433.00 million for the quarter, compared to analysts’ expectations of $434.86 million. Tripadvisor Inc Common Stock had a positive return on equity of 4.36% and a negative net margin of 1.40%. Tripadvisor Inc Common Stock’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business posted $0.38 EPS. analysts expect that Tripadvisor Inc Common Stock will post 0.81 earnings per share for the current fiscal year.

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.

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

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