Harbor Capital Advisors Inc. Has $319,000 Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Harbor Capital Advisors Inc. cut its holdings in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 61.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,491 shares of the travel company’s stock after selling 36,587 shares during the period. Harbor Capital Advisors Inc.’s holdings in Tripadvisor were worth $319,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TRIP. Gilman Hill Asset Management LLC lifted its holdings in shares of Tripadvisor by 26.8% during the first quarter. Gilman Hill Asset Management LLC now owns 311,910 shares of the travel company’s stock worth $4,420,000 after purchasing an additional 65,998 shares during the period. GAMMA Investing LLC grew its position in shares of Tripadvisor by 904.8% in the 1st quarter. GAMMA Investing LLC now owns 36,927 shares of the travel company’s stock valued at $523,000 after buying an additional 33,252 shares during the last quarter. First Hawaiian Bank grew its position in shares of Tripadvisor by 2.9% in the 1st quarter. First Hawaiian Bank now owns 35,684 shares of the travel company’s stock valued at $506,000 after buying an additional 1,013 shares during the last quarter. Confluence Investment Management LLC raised its position in shares of Tripadvisor by 174.4% during the first quarter. Confluence Investment Management LLC now owns 641,796 shares of the travel company’s stock worth $9,094,000 after acquiring an additional 407,938 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Tripadvisor by 221.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 45,975 shares of the travel company’s stock worth $679,000 after acquiring an additional 31,656 shares during the last quarter. 98.99% of the stock is owned by institutional investors.

Insider Buying and Selling at Tripadvisor

In other news, CEO Almir Ambeskovic sold 16,643 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $15.33, for a total value of $255,137.19. Following the completion of the sale, the chief executive officer now directly owns 15,931 shares of the company’s stock, valued at $244,222.23. This represents a 51.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Mizuho upgraded shares of Tripadvisor to a “hold” rating in a report on Friday, April 18th. UBS Group boosted their target price on shares of Tripadvisor from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, May 8th. JPMorgan Chase & Co. increased their price target on Tripadvisor from $11.00 to $13.00 and gave the stock an “underweight” rating in a report on Friday, May 9th. Citigroup initiated coverage on Tripadvisor in a research report on Wednesday, May 28th. They issued a “neutral” rating and a $16.00 price objective for the company. Finally, DA Davidson upped their target price on Tripadvisor from $16.00 to $16.25 and gave the company a “neutral” rating in a research report on Thursday, May 29th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $17.27.

Tripadvisor Price Performance

Shares of TRIP opened at $13.30 on Friday. The business’s fifty day moving average is $13.44 and its 200 day moving average is $14.51. Tripadvisor, Inc. has a 12-month low of $10.43 and a 12-month high of $18.66. 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 stock has a market cap of $1.89 billion, a P/E ratio of 665.33, a P/E/G ratio of 9.01 and a beta of 1.32.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings data on Wednesday, May 7th. The travel company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.09. The firm had revenue of $398.00 million for the quarter, compared to analyst estimates of $386.94 million. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the firm earned $0.12 earnings per share. Sell-side analysts anticipate that Tripadvisor, Inc. will post 0.46 earnings per share for the current fiscal year.

About Tripadvisor

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.