Ameritas Investment Partners Inc. Acquires New Shares in TripAdvisor, Inc. $TRIP

Ameritas Investment Partners Inc. bought a new stake in shares of TripAdvisor, Inc. (NASDAQ:TRIP) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 11,884 shares of the travel company’s stock, valued at approximately $155,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Ameriprise Financial Inc. raised its stake in shares of TripAdvisor by 27.7% in the first quarter. Ameriprise Financial Inc. now owns 5,635,384 shares of the travel company’s stock worth $79,852,000 after purchasing an additional 1,222,958 shares during the last quarter. Certares Management LLC raised its position in TripAdvisor by 177.3% in the 2nd quarter. Certares Management LLC now owns 4,751,818 shares of the travel company’s stock worth $62,011,000 after buying an additional 3,037,959 shares during the last quarter. Geode Capital Management LLC lifted its stake in TripAdvisor by 48.9% during the 2nd quarter. Geode Capital Management LLC now owns 2,837,654 shares of the travel company’s stock valued at $37,036,000 after acquiring an additional 931,283 shares during the period. Nuveen LLC purchased a new stake in shares of TripAdvisor during the 1st quarter valued at about $32,536,000. Finally, Royal Bank of Canada boosted its holdings in shares of TripAdvisor by 82,306.8% during the 1st quarter. Royal Bank of Canada now owns 1,528,647 shares of the travel company’s stock valued at $21,661,000 after acquiring an additional 1,526,792 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Insider Activity at TripAdvisor

In other news, insider Seth J. Kalvert sold 10,880 shares of TripAdvisor stock in a transaction dated 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on TRIP shares. Sanford C. Bernstein restated an “outperform” rating and set a $20.00 price objective on shares of TripAdvisor in a research report on Friday, November 7th. Barclays cut their target price 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. Citigroup increased their price target on TripAdvisor from $16.00 to $19.00 and gave the company a “neutral” rating in a report on Monday, August 18th. Mizuho set a $17.00 price target on TripAdvisor and gave the stock a “neutral” rating in a research note on Friday, November 14th. Finally, B. Riley cut their price objective on TripAdvisor from $21.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, November 10th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and an average price target of $16.66.

TripAdvisor Trading Up 2.7%

Shares of TripAdvisor stock opened at $15.27 on Tuesday. TripAdvisor, Inc. has a 1-year low of $10.43 and a 1-year high of $20.16. The company’s fifty day simple moving average is $15.65 and its 200-day simple moving average is $16.00. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market capitalization of $1.79 billion, a PE ratio of 31.81, a P/E/G ratio of 2.49 and a beta of 1.21.

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