Traders Buy Shares of TripAdvisor, Inc. (TRIP) on Weakness

Investors bought shares of TripAdvisor, Inc. (NASDAQ:TRIP) on weakness during trading on Monday. $35.38 million flowed into the stock on the tick-up and $15.30 million flowed out of the stock on the tick-down, for a money net flow of $20.08 million into the stock. Of all equities tracked, TripAdvisor had the 16th highest net in-flow for the day. TripAdvisor traded down ($0.58) for the day and closed at $44.48

A number of equities research analysts have commented on TRIP shares. Zacks Investment Research upgraded shares of TripAdvisor from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Credit Suisse Group cut shares of TripAdvisor from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $40.00 to $34.00 in a research note on Monday, June 19th. Cowen and Company upgraded shares of TripAdvisor from an “underperform” rating to a “market perform” rating and set a $35.00 target price on the stock in a research note on Wednesday, July 19th. Bank of America Corporation restated an “underperform” rating and set a $35.00 target price on shares of TripAdvisor in a research note on Sunday, May 28th. Finally, Macquarie cut shares of TripAdvisor from a “neutral” rating to an “underperform” rating in a research note on Friday, May 26th. Nine investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $43.44.

The firm has a market capitalization of $6.22 billion, a PE ratio of 67.81 and a beta of 2.37. The firm’s 50-day moving average price is $40.89 and its 200-day moving average price is $41.09.

TripAdvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Tuesday, August 8th. The travel company reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.05). TripAdvisor had a net margin of 6.26% and a return on equity of 8.62%. The firm had revenue of $424.00 million during the quarter, compared to analyst estimates of $421.66 million. During the same period in the prior year, the company posted $0.38 earnings per share. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, equities research analysts predict that TripAdvisor, Inc. will post $1.15 EPS for the current year.

In related news, insider Dermot Halpin sold 12,859 shares of the stock in a transaction on Friday, August 18th. The stock was sold at an average price of $39.09, for a total value of $502,658.31. Following the completion of the transaction, the insider now directly owns 5,364 shares of the company’s stock, valued at approximately $209,678.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.98% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of TRIP. BlackRock Inc. raised its stake in TripAdvisor by 1,932.9% in the 1st quarter. BlackRock Inc. now owns 7,169,686 shares of the travel company’s stock valued at $309,444,000 after purchasing an additional 6,817,010 shares during the last quarter. SRS Investment Management LLC acquired a new position in TripAdvisor in the 1st quarter valued at $125,824,000. Matrix Capital Management Company LP raised its stake in TripAdvisor by 152.3% in the 2nd quarter. Matrix Capital Management Company LP now owns 3,532,600 shares of the travel company’s stock valued at $134,945,000 after purchasing an additional 2,132,600 shares during the last quarter. Contrarius Investment Management Ltd acquired a new position in TripAdvisor in the 2nd quarter valued at $38,084,000. Finally, FIL Ltd raised its stake in TripAdvisor by 45.4% in the 2nd quarter. FIL Ltd now owns 1,678,180 shares of the travel company’s stock valued at $64,106,000 after purchasing an additional 523,769 shares during the last quarter. 86.39% of the stock is owned by hedge funds and other institutional investors.

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About TripAdvisor

TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.

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