Blueshift Asset Management LLC Sells 9,081 Shares of TripAdvisor, Inc. $TRIP

Blueshift Asset Management LLC reduced its position in shares of TripAdvisor, Inc. (NASDAQ:TRIP) by 10.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 77,859 shares of the travel company’s stock after selling 9,081 shares during the quarter. Blueshift Asset Management LLC owned 0.05% of TripAdvisor worth $1,016,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its holdings in TripAdvisor by 86.9% during the first quarter. Smartleaf Asset Management LLC now owns 3,055 shares of the travel company’s stock valued at $43,000 after purchasing an additional 1,420 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of TripAdvisor by 419.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,893 shares of the travel company’s stock valued at $55,000 after purchasing an additional 3,144 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of TripAdvisor by 376.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,127 shares of the travel company’s stock valued at $67,000 after buying an additional 4,052 shares in the last quarter. Quarry LP lifted its stake in shares of TripAdvisor by 571.0% during the 1st quarter. Quarry LP now owns 5,697 shares of the travel company’s stock valued at $81,000 after buying an additional 4,848 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in TripAdvisor by 1,183.2% in the 1st 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 in the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

TripAdvisor Trading Up 2.7%

Shares of TRIP opened at $15.27 on Tuesday. 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 market cap of $1.79 billion, a P/E ratio of 31.81, a P/E/G ratio of 2.49 and a beta of 1.21. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.37. TripAdvisor, Inc. has a twelve month low of $10.43 and a twelve month high of $20.16.

TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Thursday, November 6th. The travel company reported $0.65 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $553.00 million during the quarter, compared to analyst estimates of $562.92 million. During the same period last year, the company earned $0.50 EPS. TripAdvisor’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, analysts expect that TripAdvisor, Inc. will post 0.46 EPS for the current year.

Analyst Upgrades and Downgrades

TRIP has been the topic of a number of research analyst reports. Wall Street Zen cut TripAdvisor from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Sanford C. Bernstein restated an “outperform” rating and set a $20.00 target price on shares of TripAdvisor in a research report on Friday, November 7th. UBS Group reaffirmed a “neutral” rating on shares of TripAdvisor in a research note on Sunday, August 10th. B. Riley decreased their price target on shares of TripAdvisor from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Finally, Barclays dropped their price objective on shares of TripAdvisor from $14.00 to $13.00 and set an “underweight” rating for the company in a report on Friday, November 7th. One investment 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. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $16.66.

Insider Activity

In other TripAdvisor news, insider Seth J. Kalvert sold 10,880 shares of the stock in a transaction dated Friday, September 19th. The shares were 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 in the company, valued at $2,743,756.56. This represents a 7.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.10% of the company’s stock.

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.