Tripadvisor Inc (TRIP) Position Raised by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its position in Tripadvisor Inc (NASDAQ:TRIP) by 43.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,541 shares of the travel company’s stock after purchasing an additional 17,751 shares during the period. Daiwa Securities Group Inc.’s holdings in Tripadvisor were worth $2,989,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in TRIP. Advisory Services Network LLC lifted its position in Tripadvisor by 10,215.8% in the second quarter. Advisory Services Network LLC now owns 1,960 shares of the travel company’s stock valued at $119,000 after purchasing an additional 1,941 shares during the period. NumerixS Investment Technologies Inc acquired a new stake in Tripadvisor in the second quarter valued at about $133,000. Tower Research Capital LLC TRC lifted its position in Tripadvisor by 72.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,728 shares of the travel company’s stock valued at $152,000 after purchasing an additional 1,147 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in Tripadvisor by 200.0% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,000 shares of the travel company’s stock valued at $167,000 after purchasing an additional 2,000 shares during the period. Finally, Advisors Preferred LLC acquired a new stake in Tripadvisor in the second quarter valued at about $175,000. Hedge funds and other institutional investors own 89.58% of the company’s stock.

Shares of Tripadvisor stock opened at $66.93 on Friday. Tripadvisor Inc has a 1 year low of $29.50 and a 1 year high of $69.00. The company has a market cap of $7.84 billion, a P/E ratio of 139.44, a P/E/G ratio of 4.48 and a beta of 1.48.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Wednesday, November 7th. The travel company reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.24. Tripadvisor had a positive return on equity of 4.36% and a negative net margin of 1.40%. The firm had revenue of $458.00 million during the quarter, compared to the consensus estimate of $469.09 million. During the same period in the previous year, the firm posted $0.36 EPS. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. Analysts predict that Tripadvisor Inc will post 0.83 earnings per share for the current fiscal year.

In related news, insider Noel Bertram Watson sold 726 shares of Tripadvisor stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $53.71, for a total transaction of $38,993.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.10% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. Bank of America lifted their price target on shares of Tripadvisor from $38.00 to $43.00 and gave the company an “underperform” rating in a research report on Thursday. BidaskClub upgraded shares of Tripadvisor from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 20th. Deutsche Bank lifted their price target on shares of Tripadvisor from $50.00 to $53.00 and gave the company a “hold” rating in a research report on Tuesday, July 31st. Piper Jaffray Companies reiterated an “in-line” rating and set a $54.00 price target on shares of Tripadvisor in a research report on Thursday. Finally, ValuEngine downgraded shares of Tripadvisor from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 2nd. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $48.88.

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Tripadvisor Company 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.

Further Reading: Stock Selection – What is cash flow?

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Institutional Ownership by Quarter for Tripadvisor (NASDAQ:TRIP)

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