Victory Capital Management Inc. Purchases 683 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Victory Capital Management Inc. increased its position in Tripadvisor, Inc. (NASDAQ:TRIPGet Rating) by 2.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,027 shares of the travel company’s stock after acquiring an additional 683 shares during the period. Victory Capital Management Inc.’s holdings in Tripadvisor were worth $445,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TRIP. Freshford Capital Management LLC bought a new stake in Tripadvisor during the first quarter valued at about $48,129,000. Assenagon Asset Management S.A. bought a new position in shares of Tripadvisor in the second quarter worth about $11,905,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Tripadvisor by 589.1% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 462,438 shares of the travel company’s stock worth $12,541,000 after acquiring an additional 395,331 shares during the period. Kempen Capital Management N.V. boosted its stake in shares of Tripadvisor by 29.5% in the first quarter. Kempen Capital Management N.V. now owns 1,631,487 shares of the travel company’s stock worth $44,246,000 after acquiring an additional 371,744 shares during the period. Finally, Portolan Capital Management LLC bought a new position in shares of Tripadvisor in the first quarter worth about $4,094,000. Institutional investors own 92.76% of the company’s stock.

Tripadvisor Trading Down 17.3 %

TRIP opened at $19.68 on Wednesday. Tripadvisor, Inc. has a one year low of $16.87 and a one year high of $33.27. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of -85.57, a P/E/G ratio of 2.45 and a beta of 1.29. The stock’s 50 day moving average price is $23.54 and its 200-day moving average price is $22.73. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.04 and a current ratio of 2.04.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TRIP. StockNews.com raised Tripadvisor from a “hold” rating to a “buy” rating in a research note on Thursday, October 6th. Credit Suisse Group boosted their target price on Tripadvisor to $29.00 in a research report on Thursday, October 27th. Barclays boosted their target price on Tripadvisor to $22.00 in a research report on Monday, August 15th. Citigroup boosted their target price on Tripadvisor to $27.00 in a research report on Monday, August 15th. Finally, Ascendiant Capital Markets decreased their target price on Tripadvisor to $35.00 in a research report on Thursday, September 15th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $28.10.

Insider Buying and Selling

In related news, CFO Ernst 02494 Teunissen sold 15,000 shares of the stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $27.50, for a total value of $412,500.00. Following the transaction, the chief financial officer now owns 33,523 shares of the company’s stock, valued at $921,882.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.00% of the stock is owned by insiders.

Tripadvisor Company Profile

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TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotels, Media & Platform; and Experiences & Dining. The company operates TripAdvisor-branded websites, including tripadvisor.com in the United States; and localized versions of the website in 40 markets and 20 languages.

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Institutional Ownership by Quarter for Tripadvisor (NASDAQ:TRIP)

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