Financial Architects Inc reduced its stake in shares of Tripadvisor Inc (NASDAQ:TRIP) by 52.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 575 shares of the travel company’s stock after selling 630 shares during the period. Financial Architects Inc’s holdings in Tripadvisor were worth $31,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. State of Alaska Department of Revenue grew its holdings in shares of Tripadvisor by 8.2% in the third quarter. State of Alaska Department of Revenue now owns 28,097 shares of the travel company’s stock worth $1,434,000 after acquiring an additional 2,127 shares during the period. Lourd Capital LLC bought a new stake in shares of Tripadvisor in the third quarter worth $390,000. Andra AP fonden grew its holdings in shares of Tripadvisor by 36.4% in the third quarter. Andra AP fonden now owns 110,600 shares of the travel company’s stock worth $5,648,000 after acquiring an additional 29,500 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Tripadvisor by 88.4% in the third quarter. Nisa Investment Advisors LLC now owns 41,540 shares of the travel company’s stock worth $2,121,000 after acquiring an additional 19,496 shares during the period. Finally, MERIAN GLOBAL INVESTORS UK Ltd grew its holdings in shares of Tripadvisor by 3,977.0% in the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,107,553 shares of the travel company’s stock worth $107,632,000 after acquiring an additional 2,055,859 shares during the period. 88.11% of the stock is owned by institutional investors.
In other news, insider Noel Bertram Watson sold 723 shares of the business’s stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $63.30, for a total value of $45,765.90. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Seth J. Kalvert sold 15,653 shares of the business’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $65.14, for a total value of $1,019,636.42. Following the completion of the transaction, the senior vice president now owns 15,653 shares in the company, valued at $1,019,636.42. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by insiders.
Several analysts recently commented on TRIP shares. BidaskClub raised Tripadvisor from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Zacks Investment Research raised Tripadvisor from a “hold” rating to a “strong-buy” rating and set a $72.00 price objective for the company in a report on Saturday, November 17th. Credit Suisse Group raised Tripadvisor from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $44.00 to $51.00 in a report on Thursday, October 25th. DA Davidson set a $62.00 price objective on Tripadvisor and gave the stock a “hold” rating in a report on Friday, November 23rd. Finally, Wedbush reaffirmed a “neutral” rating and issued a $66.00 price objective on shares of Tripadvisor in a report on Friday, November 9th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $55.71.
NASDAQ TRIP opened at $59.20 on Friday. The firm has a market cap of $8.08 billion, a P/E ratio of 123.33, a P/E/G ratio of 3.29 and a beta of 1.49. Tripadvisor Inc has a fifty-two week low of $36.27 and a fifty-two week high of $69.00.
Tripadvisor (NASDAQ:TRIP) last released its earnings results on Wednesday, November 7th. The travel company reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.24. The company had revenue of $458.00 million for the quarter, compared to the consensus estimate of $469.09 million. Tripadvisor had a return on equity of 7.46% and a net margin of 1.38%. Tripadvisor’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 earnings per share. As a group, equities analysts anticipate that Tripadvisor Inc will post 1.12 EPS for the current fiscal year.
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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