24,275 Shares in TripAdvisor, Inc. $TRIP Purchased by AXQ Capital LP

AXQ Capital LP bought a new position in shares of TripAdvisor, Inc. (NASDAQ:TRIP) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 24,275 shares of the travel company’s stock, valued at approximately $317,000.

Several other large investors have also modified their holdings of TRIP. Smartleaf Asset Management LLC lifted its position in shares of TripAdvisor by 86.9% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,055 shares of the travel company’s stock worth $43,000 after purchasing an additional 1,420 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its stake in TripAdvisor by 419.8% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,893 shares of the travel company’s stock worth $55,000 after buying an additional 3,144 shares in the last quarter. Quarry LP raised its stake in TripAdvisor by 571.0% in the first quarter. Quarry LP now owns 5,697 shares of the travel company’s stock worth $81,000 after buying an additional 4,848 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in TripAdvisor by 1,183.2% during the first quarter. Jones Financial Companies Lllp now owns 6,416 shares of the travel company’s stock worth $85,000 after buying an additional 5,916 shares during the period. Finally, Traub Capital Management LLC purchased a new stake in TripAdvisor during the second quarter worth $92,000. Institutional investors own 98.99% of the company’s stock.

TripAdvisor Stock Performance

TRIP opened at $14.76 on Tuesday. The company has a market cap of $1.73 billion, a P/E ratio of 30.75, a price-to-earnings-growth ratio of 2.49 and a beta of 1.21. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.37. The firm’s 50-day moving average price is $16.02 and its 200-day moving average price is $16.02. TripAdvisor, Inc. has a 52-week low of $10.43 and a 52-week high of $20.16.

TripAdvisor (NASDAQ:TRIP) last released its earnings results on Thursday, November 6th. The travel company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.07. TripAdvisor had a net margin of 3.53% and a return on equity of 12.40%. The company had revenue of $553.00 million for the quarter, compared to the consensus estimate of $562.92 million. During the same quarter in the previous year, the firm earned $0.50 EPS. TripAdvisor’s revenue was up 3.9% compared to the same quarter last year. As a group, equities analysts anticipate that TripAdvisor, Inc. will post 0.46 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of TripAdvisor in a research report on Wednesday, November 19th. Wall Street Zen downgraded TripAdvisor from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. B. Riley cut their target price on TripAdvisor from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $20.00 target price on shares of TripAdvisor in a report on Friday, November 7th. Finally, Barclays decreased their price target on shares of TripAdvisor from $14.00 to $13.00 and set an “underweight” rating for the company in a research report on Friday, November 7th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, TripAdvisor currently has an average rating of “Reduce” and a consensus price target of $16.66.

Insider Buying and Selling at TripAdvisor

In other news, insider Seth J. Kalvert sold 10,880 shares of the business’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $20.04, for a total transaction of $218,035.20. Following the sale, the insider directly owned 136,914 shares of the company’s stock, valued at $2,743,756.56. The trade was a 7.36% 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. 3.10% of the stock is owned by company insiders.

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.