MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Holdings in Tripadvisor, Inc. (NASDAQ:TRIP)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 11.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,299 shares of the travel company’s stock after purchasing an additional 6,465 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Tripadvisor were worth $935,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its stake in shares of Tripadvisor by 179.5% during the 4th quarter. Ameriprise Financial Inc. now owns 4,412,426 shares of the travel company’s stock worth $65,172,000 after purchasing an additional 2,833,528 shares during the last quarter. River Road Asset Management LLC lifted its stake in shares of Tripadvisor by 1.3% during the fourth quarter. River Road Asset Management LLC now owns 3,715,961 shares of the travel company’s stock valued at $54,885,000 after buying an additional 45,898 shares during the period. Dimensional Fund Advisors LP boosted its position in Tripadvisor by 20.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,633,866 shares of the travel company’s stock worth $53,674,000 after acquiring an additional 615,519 shares during the last quarter. AQR Capital Management LLC grew its stake in Tripadvisor by 40.1% in the 4th quarter. AQR Capital Management LLC now owns 3,364,542 shares of the travel company’s stock worth $49,694,000 after acquiring an additional 962,262 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. raised its holdings in Tripadvisor by 8.7% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,587,902 shares of the travel company’s stock valued at $38,223,000 after acquiring an additional 208,173 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Tripadvisor Price Performance

Tripadvisor stock opened at $13.69 on Tuesday. The firm has a fifty day moving average of $13.34 and a 200-day moving average of $14.50. Tripadvisor, Inc. has a 52-week low of $10.43 and a 52-week high of $18.80. The company has a quick ratio of 1.85, a current ratio of 2.10 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $1.94 billion, a P/E ratio of 684.84, a PEG ratio of 9.01 and a beta of 1.27.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Wednesday, May 7th. The travel company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.09. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. The firm had revenue of $398.00 million during the quarter, compared to analysts’ expectations of $386.94 million. During the same period in the prior year, the company earned $0.12 EPS. The firm’s revenue was up .8% on a year-over-year basis. As a group, analysts predict that Tripadvisor, Inc. will post 0.46 EPS for the current year.

Insider Transactions at Tripadvisor

In related news, CEO Almir Ambeskovic sold 16,643 shares of the firm’s stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $15.33, for a total transaction of $255,137.19. Following the sale, the chief executive officer now directly owns 15,931 shares in the company, valued at approximately $244,222.23. This trade represents a 51.09% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TRIP. Mizuho upgraded Tripadvisor to a “hold” rating in a report on Friday, April 18th. B. Riley decreased their price target on Tripadvisor from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, March 10th. DA Davidson reaffirmed a “neutral” rating and set a $16.00 price objective on shares of Tripadvisor in a research note on Thursday, February 20th. JPMorgan Chase & Co. increased their price objective on shares of Tripadvisor from $11.00 to $13.00 and gave the stock an “underweight” rating in a report on Friday, May 9th. Finally, Wall Street Zen upgraded shares of Tripadvisor from a “buy” rating to a “strong-buy” rating in a report on Saturday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Tripadvisor has an average rating of “Hold” and a consensus target price of $17.25.

Tripadvisor Company Profile

TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.