Aperio Group LLC lessened its position in TripAdvisor, Inc. (NASDAQ:TRIP) by 9.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,119 shares of the travel company’s stock after selling 2,595 shares during the period. Aperio Group LLC’s holdings in TripAdvisor were worth $1,059,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Neuberger Berman Group LLC acquired a new stake in shares of TripAdvisor in the 2nd quarter worth about $19,979,000. Hosking Partners LLP increased its holdings in shares of TripAdvisor by 1.6% in the 2nd quarter. Hosking Partners LLP now owns 197,913 shares of the travel company’s stock worth $7,560,000 after acquiring an additional 3,178 shares during the period. Federated Investors Inc. PA increased its holdings in shares of TripAdvisor by 1,052.0% in the 2nd quarter. Federated Investors Inc. PA now owns 26,760 shares of the travel company’s stock worth $1,022,000 after acquiring an additional 24,437 shares during the period. State of Wisconsin Investment Board increased its holdings in shares of TripAdvisor by 22.7% in the 2nd quarter. State of Wisconsin Investment Board now owns 90,133 shares of the travel company’s stock worth $3,443,000 after acquiring an additional 16,670 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of TripAdvisor in the 3rd quarter worth about $927,000. 87.38% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently weighed in on TRIP shares. Zacks Investment Research cut shares of TripAdvisor from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Jefferies Group LLC reaffirmed a “sell” rating and issued a $35.00 price objective on shares of TripAdvisor in a report on Tuesday, October 31st. Deutsche Bank AG dropped their price objective on shares of TripAdvisor from $40.00 to $37.00 and set a “hold” rating on the stock in a report on Tuesday, October 24th. Wells Fargo & Company reiterated a “hold” rating on shares of TripAdvisor in a research report on Thursday, July 27th. Finally, Cowen and Company reiterated a “hold” rating and issued a $42.00 target price on shares of TripAdvisor in a research report on Tuesday, September 12th. Eight analysts have rated the stock with a sell rating and twenty have given a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of $40.05.
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TripAdvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Monday, November 6th. The travel company reported $0.36 EPS for the quarter, meeting analysts’ consensus estimates of $0.36. TripAdvisor had a net margin of 4.26% and a return on equity of 6.81%. The company had revenue of $439.00 million during the quarter, compared to analyst estimates of $451.27 million. During the same period in the prior year, the firm earned $0.53 earnings per share. The business’s quarterly revenue was up 4.3% on a year-over-year basis. equities research analysts predict that TripAdvisor, Inc. will post 0.69 EPS for the current fiscal year.
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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