Yousif Capital Management LLC Lowers Stock Holdings in TripAdvisor, Inc. (NASDAQ:TRIP)

Yousif Capital Management LLC lowered its position in shares of TripAdvisor, Inc. (NASDAQ:TRIP) by 2.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,727 shares of the travel company’s stock after selling 878 shares during the quarter. Yousif Capital Management LLC’s holdings in TripAdvisor were worth $577,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TRIP. Gilman Hill Asset Management LLC increased its stake in 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 acquiring an additional 65,998 shares during the last quarter. GAMMA Investing LLC increased its position in shares of TripAdvisor by 904.8% during the first quarter. GAMMA Investing LLC now owns 36,927 shares of the travel company’s stock worth $523,000 after purchasing an additional 33,252 shares in the last quarter. First Hawaiian Bank increased its position in shares of TripAdvisor by 2.9% during the first quarter. First Hawaiian Bank now owns 35,684 shares of the travel company’s stock worth $506,000 after purchasing an additional 1,013 shares in the last quarter. Confluence Investment Management LLC increased its position in TripAdvisor by 174.4% in the 1st quarter. Confluence Investment Management LLC now owns 641,796 shares of the travel company’s stock valued at $9,094,000 after acquiring an additional 407,938 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in TripAdvisor by 221.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 45,975 shares of the travel company’s stock valued at $679,000 after acquiring an additional 31,656 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

TripAdvisor Stock Performance

TRIP opened at $12.97 on Friday. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 35.05, a price-to-earnings-growth ratio of 2.27 and a beta of 1.32. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.90 and a quick ratio of 1.90. TripAdvisor, Inc. has a 1-year low of $10.43 and a 1-year high of $18.66. The business has a 50 day moving average price of $13.57 and a two-hundred day moving average price of $14.47.

TripAdvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Wednesday, May 7th. The travel company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.09. TripAdvisor had a return on equity of 10.68% and a net margin of 2.94%. The company had revenue of $398.00 million for the quarter, compared to analysts’ expectations of $386.94 million. During the same quarter in the prior year, the company earned $0.12 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. Research analysts predict that TripAdvisor, Inc. will post 0.46 EPS for the current fiscal year.

Insider Transactions at TripAdvisor

In other TripAdvisor news, CEO Almir Ambeskovic sold 16,643 shares of the company’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $15.33, for a total transaction of $255,137.19. Following the completion of the sale, the chief executive officer now directly owns 15,931 shares in the company, valued at $244,222.23. This represents a 51.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TRIP shares. Wall Street Zen lowered TripAdvisor from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 14th. UBS Group lifted their target price on TripAdvisor from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, May 8th. Mizuho raised TripAdvisor to a “hold” rating in a research report on Friday, April 18th. B. Riley dropped their target price on TripAdvisor from $20.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, March 10th. Finally, JPMorgan Chase & Co. boosted their price objective on TripAdvisor from $11.00 to $13.00 and gave the company an “underweight” rating in a report on Friday, May 9th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, TripAdvisor presently has an average rating of “Hold” and an average target price of $17.27.

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.