Ensign Peak Advisors Inc Reduces Stock Holdings in TripAdvisor, Inc. $TRIP

Ensign Peak Advisors Inc lowered its holdings in TripAdvisor, Inc. (NASDAQ:TRIP) by 11.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,565 shares of the travel company’s stock after selling 7,400 shares during the quarter. Ensign Peak Advisors Inc’s holdings in TripAdvisor were worth $725,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Certares Management LLC grew its position in TripAdvisor by 177.3% during the 2nd quarter. Certares Management LLC now owns 4,751,818 shares of the travel company’s stock worth $62,011,000 after purchasing an additional 3,037,959 shares during the period. Nuveen LLC acquired a new position in TripAdvisor in the first quarter valued at approximately $32,536,000. Royal Bank of Canada boosted its position in TripAdvisor by 82,306.8% in the 1st quarter. Royal Bank of Canada now owns 1,528,647 shares of the travel company’s stock worth $21,661,000 after purchasing an additional 1,526,792 shares in the last quarter. Palliser Capital UK Ltd acquired a new stake in shares of TripAdvisor during the 2nd quarter worth approximately $16,192,000. Finally, Ameriprise Financial Inc. boosted its holdings in TripAdvisor by 27.7% during the first quarter. Ameriprise Financial Inc. now owns 5,635,384 shares of the travel company’s stock worth $79,852,000 after buying an additional 1,222,958 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TripAdvisor

In other news, insider Seth J. Kalvert sold 10,880 shares of TripAdvisor stock in a transaction on Friday, September 19th. The stock was sold at an average price of $20.04, for a total transaction of $218,035.20. Following the transaction, the insider owned 136,914 shares in the company, valued at $2,743,756.56. The trade was a 7.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wall Street Zen downgraded shares of TripAdvisor from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. Barclays reduced their price target on TripAdvisor from $14.00 to $13.00 and set an “underweight” rating for the company in a report on Friday, November 7th. UBS Group reissued a “neutral” rating on shares of TripAdvisor in a report on Sunday, August 10th. Sanford C. Bernstein restated an “outperform” rating and issued a $20.00 price objective on shares of TripAdvisor in a research report on Friday, November 7th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of TripAdvisor in a research report on Tuesday, November 25th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $16.66.

TripAdvisor Stock Up 0.2%

TRIP stock opened at $14.88 on Monday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.37. The firm has a 50-day moving average of $15.72 and a two-hundred day moving average of $16.00. TripAdvisor, Inc. has a 12 month low of $10.43 and a 12 month high of $20.16. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 30.99, a PEG ratio of 2.49 and a beta of 1.21.

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