Meadow Creek Investment Management LLC Buys 1,540 Shares of Tripadvisor Inc Common Stock (TRIP)

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Meadow Creek Investment Management LLC grew its stake in Tripadvisor Inc Common Stock (NASDAQ:TRIP) by 13.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,090 shares of the travel company’s stock after purchasing an additional 1,540 shares during the period. Meadow Creek Investment Management LLC’s holdings in Tripadvisor Inc Common Stock were worth $729,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in TRIP. Oppenheimer Asset Management Inc. lifted its position in shares of Tripadvisor Inc Common Stock by 47.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 8,854 shares of the travel company’s stock valued at $493,000 after buying an additional 2,830 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Tripadvisor Inc Common Stock by 10.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 670,209 shares of the travel company’s stock valued at $37,342,000 after buying an additional 63,395 shares in the last quarter. Brown Advisory Inc. lifted its position in shares of Tripadvisor Inc Common Stock by 6.6% during the 2nd quarter. Brown Advisory Inc. now owns 31,887 shares of the travel company’s stock valued at $1,777,000 after buying an additional 1,985 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Tripadvisor Inc Common Stock by 7.1% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 45,561 shares of the travel company’s stock valued at $2,538,000 after buying an additional 3,033 shares in the last quarter. Finally, Redwood Investments LLC purchased a new position in shares of Tripadvisor Inc Common Stock during the 2nd quarter valued at approximately $491,000. Institutional investors and hedge funds own 87.83% of the company’s stock.

In other Tripadvisor Inc Common Stock news, SVP Seth J. Kalvert sold 5,235 shares of the firm’s stock in a transaction on 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 sale, the senior vice president now directly owns 8,030 shares of the company’s stock, valued at approximately $461,403.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Noel Bertram Watson sold 726 shares of the firm’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $53.71, for a total value of $38,993.46. The disclosure for this sale can be found here. Insiders sold a total of 17,766 shares of company stock valued at $1,016,923 over the last ninety days. Corporate insiders own 3.10% of the company’s stock.

TRIP has been the topic of a number of recent analyst reports. Deutsche Bank increased their target price on Tripadvisor Inc Common Stock from $50.00 to $53.00 and gave the company a “hold” rating in a research report on Tuesday, July 31st. Zacks Investment Research upgraded Tripadvisor Inc Common Stock from a “sell” rating to a “hold” rating and set a $55.00 target price on the stock in a research report on Friday, May 11th. BidaskClub upgraded Tripadvisor Inc Common Stock from a “hold” rating to a “buy” rating in a research report on Wednesday, June 6th. Barclays upgraded Tripadvisor Inc Common Stock from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $49.00 to $70.00 in a research report on Wednesday, July 11th. Finally, Cowen reiterated a “hold” rating and set a $47.00 target price on shares of Tripadvisor Inc Common Stock in a research report on Thursday, August 2nd. Two investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $46.88.

NASDAQ TRIP opened at $50.63 on Friday. Tripadvisor Inc Common Stock has a one year low of $29.50 and a one year high of $62.36. The firm has a market capitalization of $7.04 billion, a P/E ratio of 119.07, a PEG ratio of 3.77 and a beta of 1.73.

Tripadvisor Inc Common Stock (NASDAQ:TRIP) last posted its quarterly earnings data on Wednesday, August 1st. The travel company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.16. Tripadvisor Inc Common Stock had a positive return on equity of 4.36% and a negative net margin of 1.40%. The firm had revenue of $433.00 million during the quarter, compared to the consensus estimate of $434.86 million. During the same period in the prior year, the company earned $0.38 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. equities analysts predict that Tripadvisor Inc Common Stock will post 0.81 earnings per share for the current 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.

Further Reading: Technical Analysis of Stocks and What It Means

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

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