Bbva Compass Bancshares Inc. Acquires Shares of 3,951 Tripadvisor Inc (NASDAQ:TRIP)

Bbva Compass Bancshares Inc. bought a new stake in shares of Tripadvisor Inc (NASDAQ:TRIP) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,951 shares of the travel company’s stock, valued at approximately $202,000.

A number of other institutional investors also recently added to or reduced their stakes in TRIP. Cambridge Investment Research Advisors Inc. raised its position in Tripadvisor by 185.8% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 10,974 shares of the travel company’s stock valued at $560,000 after acquiring an additional 7,134 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of Tripadvisor by 43.5% in the third quarter. Daiwa Securities Group Inc. now owns 58,541 shares of the travel company’s stock valued at $2,989,000 after purchasing an additional 17,751 shares during the period. Chicago Equity Partners LLC bought a new position in shares of Tripadvisor in the third quarter valued at approximately $452,000. Robeco Institutional Asset Management B.V. raised its position in shares of Tripadvisor by 175.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 99,706 shares of the travel company’s stock valued at $5,092,000 after purchasing an additional 63,507 shares during the period. Finally, G&S Capital LLC bought a new position in shares of Tripadvisor in the third quarter valued at approximately $749,000. 88.79% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:TRIP traded up $0.53 on Monday, hitting $64.59. 2,561,500 shares of the stock were exchanged, compared to its average volume of 2,561,646. The stock has a market capitalization of $8.82 billion, a P/E ratio of 134.56, a P/E/G ratio of 4.09 and a beta of 1.50. Tripadvisor Inc has a 52 week low of $34.00 and a 52 week high of $69.00.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Wednesday, November 7th. The travel company reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.24. The firm had revenue of $458.00 million during the quarter, compared to analysts’ expectations of $469.09 million. Tripadvisor had a return on equity of 7.46% and a net margin of 1.38%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.36 EPS. Sell-side analysts expect that Tripadvisor Inc will post 1.12 EPS for the current fiscal year.

A number of equities analysts recently issued reports on TRIP shares. Wedbush set a $48.00 target price on shares of Tripadvisor and gave the stock a “hold” rating in a research report on Sunday, August 5th. Barclays dropped their target price on shares of Tripadvisor from $70.00 to $68.00 and set an “overweight” rating on the stock in a research report on Monday, August 6th. Zacks Investment Research downgraded shares of Tripadvisor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 7th. ValuEngine downgraded shares of Tripadvisor from a “buy” rating to a “hold” rating in a research note on Thursday, August 23rd. Finally, BidaskClub downgraded shares of Tripadvisor from a “buy” rating to a “hold” rating in a research note on Saturday, August 25th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $55.71.

In other news, insider Noel Bertram Watson sold 723 shares of the company’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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.10% of the company’s stock.

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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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