YHB Investment Advisors Inc. lessened its holdings in shares of Tripadvisor Inc (NASDAQ:TRIP) by 28.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,725 shares of the travel company’s stock after selling 6,935 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Tripadvisor were worth $820,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of TRIP. FMR LLC raised its stake in Tripadvisor by 347.1% during the 4th quarter. FMR LLC now owns 1,602,401 shares of the travel company’s stock valued at $86,434,000 after purchasing an additional 1,244,040 shares during the period. Norges Bank bought a new stake in Tripadvisor in the 4th quarter worth approximately $64,072,000. MERIAN GLOBAL INVESTORS UK Ltd increased its stake in Tripadvisor by 44.1% in the 1st quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 3,165,519 shares of the travel company’s stock worth $162,865,000 after acquiring an additional 968,530 shares during the last quarter. First Trust Advisors LP increased its stake in Tripadvisor by 19.4% in the 1st quarter. First Trust Advisors LP now owns 2,594,002 shares of the travel company’s stock worth $133,461,000 after acquiring an additional 421,144 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in Tripadvisor by 293.8% in the 1st quarter. Janus Henderson Group PLC now owns 345,910 shares of the travel company’s stock worth $17,797,000 after acquiring an additional 258,076 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors.
In other news, CFO Ernst 02494 Teunissen sold 8,117 shares of Tripadvisor stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $45.60, for a total value of $370,135.20. Following the completion of the transaction, the chief financial officer now owns 14,599 shares in the company, valued at approximately $665,714.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.50% of the stock is currently owned by insiders.
Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Tuesday, May 7th. The travel company reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.05. The firm had revenue of $376.00 million during the quarter, compared to analysts’ expectations of $387.27 million. Tripadvisor had a return on equity of 10.24% and a net margin of 8.31%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 EPS. Equities research analysts expect that Tripadvisor Inc will post 1.32 earnings per share for the current fiscal year.
TRIP has been the topic of a number of research reports. Needham & Company LLC initiated coverage on Tripadvisor in a research note on Monday, May 20th. They issued a “buy” rating and a $63.00 price objective on the stock. Wedbush reaffirmed a “neutral” rating and issued a $50.00 price objective (down previously from $60.00) on shares of Tripadvisor in a research note on Thursday, May 9th. Guggenheim raised Tripadvisor from a “sell” rating to a “neutral” rating in a research note on Tuesday, May 21st. SunTrust Banks raised Tripadvisor from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Wednesday, June 19th. Finally, Deutsche Bank raised Tripadvisor from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research note on Friday, May 3rd. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $56.81.
TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotel and Non-Hotel. The company operates TripAdvisor-branded Websites, including tripadvisor.com in the United States; and localized versions of the Website in 48 markets and 28 languages. It also manages and operates other travel media brands that provide users the comprehensive travel-planning and trip-taking resources in the travel industry, such as airfarewatchdog.com, bookingbuddy.com, cruisecritic.com, familyvacationcritic.com, flipkey.com, thefork.com, holidaywatchdog.com, housetrip.com, jetsetter.com, niumba.com, onetime.com, oyster.com, seatguru.com, smartertravel.com, tingo.com, vacationhomerentals.com, and viator.com, as well as www.bokun.io and holidaylettings.co.uk.
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