Federated Hermes Inc. Increases Stock Holdings in TripAdvisor, Inc. $TRIP

Federated Hermes Inc. increased its holdings in TripAdvisor, Inc. (NASDAQ:TRIP) by 375.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,137,374 shares of the travel company’s stock after buying an additional 1,687,816 shares during the period. Federated Hermes Inc. owned about 1.51% of TripAdvisor worth $27,893,000 as of its most recent SEC filing.

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

TripAdvisor Trading Up 1.4%

TRIP stock opened at $15.19 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.21. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 2.88 and a beta of 1.01. The business has a fifty day simple moving average of $15.42 and a 200-day simple moving average of $16.04. TripAdvisor, Inc. has a 52 week low of $10.43 and a 52 week high of $20.16.

TripAdvisor (NASDAQ:TRIP) last issued its 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 14.77% and a net margin of 4.23%.The business had revenue of $553.00 million during the quarter, compared to analysts’ expectations of $562.92 million. During the same quarter in the previous year, the business earned $0.50 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities research analysts expect that TripAdvisor, Inc. will post 0.46 EPS for the current year.

Insider Activity at TripAdvisor

In other TripAdvisor 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 value 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.10% of the company’s stock.

Analysts Set New Price Targets

TRIP has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of TripAdvisor in a report on Monday. Citigroup boosted their target price on shares of TripAdvisor from $16.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday, August 18th. Mizuho set a $17.00 price target on shares of TripAdvisor and gave the stock a “neutral” rating in a research note on Friday, November 14th. Sanford C. Bernstein reiterated an “outperform” rating and set a $20.00 price target on shares of TripAdvisor in a report on Friday, November 7th. Finally, B. Riley reduced their price objective 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. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $16.66.

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.