Principal Financial Group Inc. Has $7.76 Million Holdings in TripAdvisor, Inc. (NASDAQ:TRIP)

Principal Financial Group Inc. increased its holdings in shares of TripAdvisor, Inc. (NASDAQ:TRIP) by 2.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 547,435 shares of the travel company’s stock after purchasing an additional 13,131 shares during the period. Principal Financial Group Inc. owned approximately 0.39% of TripAdvisor worth $7,757,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Teacher Retirement System of Texas bought a new position in TripAdvisor during the first quarter valued at about $235,000. Tsfg LLC acquired a new position in shares of TripAdvisor in the 1st quarter valued at $35,000. Boyar Asset Management Inc. acquired a new position in shares of TripAdvisor in the 1st quarter valued at $865,000. Lecap Asset Management Ltd. acquired a new position in shares of TripAdvisor in the 1st quarter valued at $1,071,000. Finally, Brown Miller Wealth Management LLC bought a new stake in shares of TripAdvisor in the 1st quarter valued at $164,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

TRIP has been the subject of a number of research reports. Wall Street Zen cut TripAdvisor from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 14th. Bank of America initiated coverage on shares of TripAdvisor in a research note on Monday. They issued a “neutral” rating and a $19.00 target price for the company. Citigroup assumed coverage on shares of TripAdvisor in a research report on Wednesday, May 28th. They set a “neutral” rating and a $16.00 price objective for the company. UBS Group raised their target price on shares of TripAdvisor from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of TripAdvisor from $11.00 to $13.00 and gave the stock an “underweight” rating in a research note on Friday, May 9th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $17.40.

Insider Activity

In related news, CEO Almir Ambeskovic sold 16,643 shares of the business’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 transaction, the chief executive officer owned 15,931 shares in the company, valued at $244,222.23. The trade was a 51.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.10% of the company’s stock.

TripAdvisor Trading Up 0.4%

Shares of TRIP stock opened at $18.24 on Wednesday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 49.30, a PEG ratio of 3.14 and a beta of 1.28. TripAdvisor, Inc. has a 52-week low of $10.43 and a 52-week high of $18.66. The company has a 50-day simple moving average of $14.72 and a two-hundred day simple moving average of $14.67.

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