TripAdvisor, Inc. (NASDAQ:TRIP) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its stake in TripAdvisor, Inc. (NASDAQ:TRIP) by 114.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,634 shares of the travel company’s stock after buying an additional 15,838 shares during the quarter. Envestnet Asset Management Inc.’s holdings in TripAdvisor were worth $420,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of TRIP. Ameriprise Financial Inc. boosted its holdings in TripAdvisor by 179.5% in the fourth quarter. Ameriprise Financial Inc. now owns 4,412,426 shares of the travel company’s stock valued at $65,172,000 after purchasing an additional 2,833,528 shares during the last quarter. AQR Capital Management LLC raised its holdings in TripAdvisor by 40.1% in the fourth quarter. AQR Capital Management LLC now owns 3,364,542 shares of the travel company’s stock valued at $49,694,000 after acquiring an additional 962,262 shares in the last quarter. Toronado Partners LLC bought a new position in TripAdvisor during the 4th quarter valued at $10,533,000. Gotham Asset Management LLC grew its holdings in TripAdvisor by 170.6% during the 4th quarter. Gotham Asset Management LLC now owns 1,073,773 shares of the travel company’s stock worth $15,860,000 after acquiring an additional 676,977 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of TripAdvisor by 20.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,633,866 shares of the travel company’s stock worth $53,674,000 after purchasing an additional 615,519 shares during the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TRIP shares. 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. Mizuho upgraded TripAdvisor to a “hold” rating in a report on Friday, April 18th. Wall Street Zen cut TripAdvisor from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 14th. DA Davidson set a $16.25 target price on shares of TripAdvisor in a research note on Tuesday, July 8th. Finally, Citigroup initiated coverage on shares of TripAdvisor in a research report on Wednesday, May 28th. They issued a “neutral” rating and a $16.00 price target on the stock. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. According to MarketBeat, TripAdvisor presently has an average rating of “Hold” and an average target price of $17.56.

Insider Transactions at TripAdvisor

In other news, CEO Almir Ambeskovic sold 16,643 shares of the 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 completion of the sale, the chief executive officer owned 15,931 shares in the company, valued at approximately $244,222.23. This represents a 51.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.10% of the company’s stock.

TripAdvisor Price Performance

NASDAQ:TRIP opened at $16.48 on Thursday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.88. The business’s 50-day moving average price is $15.58 and its 200 day moving average price is $14.93. TripAdvisor, Inc. has a 52-week low of $10.43 and a 52-week high of $18.66. The firm has a market cap of $2.34 billion, a P/E ratio of 44.54, a PEG ratio of 2.45 and a beta of 1.30.

TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Wednesday, May 7th. The travel company reported $0.14 earnings per share (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 for the quarter, compared to analysts’ expectations of $386.94 million. During the same quarter in the previous year, the company posted $0.12 EPS. The business’s revenue was up .8% compared to the same quarter last year. As a group, sell-side analysts predict 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.