Chicago Equity Partners LLC Boosts Stake in Tripadvisor Inc (TRIP)

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Chicago Equity Partners LLC lifted its holdings in Tripadvisor Inc (NASDAQ:TRIP) by 965.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,385 shares of the travel company’s stock after buying an additional 85,530 shares during the period. Chicago Equity Partners LLC owned approximately 0.07% of Tripadvisor worth $5,091,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of TRIP. IFP Advisors Inc increased its position in Tripadvisor by 14.5% during the fourth quarter. IFP Advisors Inc now owns 1,901 shares of the travel company’s stock worth $102,000 after purchasing an additional 241 shares during the last quarter. ETF Managers Group LLC increased its position in Tripadvisor by 15.8% during the fourth quarter. ETF Managers Group LLC now owns 3,190 shares of the travel company’s stock worth $172,000 after purchasing an additional 435 shares during the last quarter. IFM Investors Pty Ltd increased its position in Tripadvisor by 14.5% during the fourth quarter. IFM Investors Pty Ltd now owns 6,235 shares of the travel company’s stock worth $336,000 after purchasing an additional 790 shares during the last quarter. TD Asset Management Inc. increased its position in Tripadvisor by 2.8% during the fourth quarter. TD Asset Management Inc. now owns 31,229 shares of the travel company’s stock worth $1,684,000 after purchasing an additional 850 shares during the last quarter. Finally, Taylor Hoffman Wealth Management acquired a new stake in Tripadvisor during the fourth quarter worth about $54,000. 88.11% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TRIP opened at $59.20 on Monday. Tripadvisor Inc has a 1-year low of $36.27 and a 1-year high of $69.00. The stock has a market cap of $8.15 billion, a price-to-earnings ratio of 123.33, a P/E/G ratio of 3.32 and a beta of 1.49.

TRIP has been the subject of several recent analyst reports. BidaskClub upgraded shares of Tripadvisor from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. Zacks Investment Research upgraded shares of Tripadvisor from a “sell” rating to a “hold” rating in a research report on Thursday, October 25th. Wells Fargo & Co set a $65.00 price target on shares of Tripadvisor and gave the company a “hold” rating in a research report on Friday, November 9th. SunTrust Banks lifted their price target on shares of Tripadvisor to $66.00 and gave the company a “hold” rating in a research report on Friday, November 9th. Finally, DA Davidson set a $62.00 price target on shares of Tripadvisor and gave the company a “hold” rating in a research report on Friday, November 23rd. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $55.71.

In related news, SVP Seth J. Kalvert sold 15,653 shares of Tripadvisor stock in a transaction that occurred on 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.10% of the stock is owned by company insiders.

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Tripadvisor 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 (NASDAQ:TRIP)

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