TripAdvisor, Inc. (NASDAQ:TRIP) Stock Holdings Trimmed by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lowered its holdings in shares of TripAdvisor, Inc. (NASDAQ:TRIP) by 42.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,463 shares of the travel company’s stock after selling 19,512 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in TripAdvisor were worth $375,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TRIP. Aster Capital Management DIFC Ltd raised its stake in TripAdvisor by 83.8% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company’s stock valued at $50,000 after acquiring an additional 1,557 shares in the last quarter. Wealthfront Advisers LLC bought a new stake in TripAdvisor during the 4th quarter valued at $87,000. Sterling Capital Management LLC raised its stake in TripAdvisor by 55.5% during the 4th quarter. Sterling Capital Management LLC now owns 6,219 shares of the travel company’s stock valued at $92,000 after acquiring an additional 2,219 shares in the last quarter. Covestor Ltd increased its position in shares of TripAdvisor by 806.6% during the 4th quarter. Covestor Ltd now owns 6,564 shares of the travel company’s stock valued at $97,000 after purchasing an additional 5,840 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. raised its stake in shares of TripAdvisor by 150,850.0% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,057 shares of the travel company’s stock worth $134,000 after buying an additional 9,051 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

Analysts Set New Price Targets

TRIP has been the topic of a number of research reports. UBS Group boosted their price objective on TripAdvisor from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, May 8th. Citigroup initiated coverage on TripAdvisor in a research note on Wednesday, May 28th. They issued a “neutral” rating and a $16.00 price objective on the stock. B. Riley dropped their price objective on TripAdvisor from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, March 10th. Mizuho raised TripAdvisor to a “hold” rating in a research note on Friday, April 18th. Finally, JPMorgan Chase & Co. boosted their price objective on TripAdvisor from $11.00 to $13.00 and gave the stock an “underweight” rating in a research note on Friday, May 9th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, TripAdvisor presently has an average rating of “Hold” and a consensus target price of $17.27.

Insiders Place Their Bets

In related news, CEO Almir Ambeskovic sold 16,643 shares of the company’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $15.33, for a total transaction of $255,137.19. Following the transaction, the chief executive officer directly owned 15,931 shares of the company’s stock, valued at approximately $244,222.23. The trade was a 51.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.10% of the company’s stock.

TripAdvisor Stock Up 15.8%

Shares of TripAdvisor stock opened at $17.36 on Monday. The stock’s fifty day moving average is $14.01 and its 200-day moving average is $14.50. The firm has a market capitalization of $2.46 billion, a PE ratio of 46.92, a price-to-earnings-growth ratio of 3.03 and a beta of 1.28. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.88. TripAdvisor, Inc. has a 12-month low of $10.43 and a 12-month high of $18.66.

TripAdvisor (NASDAQ:TRIP) last announced its earnings results on Wednesday, May 7th. The travel company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.09. The company had revenue of $398.00 million for the quarter, compared to analyst estimates of $386.94 million. TripAdvisor had a return on equity of 10.68% and a net margin of 2.94%. TripAdvisor’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.12 earnings per share. Equities analysts anticipate that TripAdvisor, Inc. will post 0.46 earnings per share for the current year.

TripAdvisor 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.