TripAdvisor, Inc. (NASDAQ:TRIP) Shares Sold by US Bancorp DE

US Bancorp DE decreased its stake in TripAdvisor, Inc. (NASDAQ:TRIP) by 2.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,110 shares of the travel company’s stock after selling 673 shares during the period. US Bancorp DE’s holdings in TripAdvisor were worth $1,226,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Candriam Luxembourg S.C.A. boosted its position in shares of TripAdvisor by 62.8% in the first quarter. Candriam Luxembourg S.C.A. now owns 7,314 shares of the travel company’s stock valued at $316,000 after buying an additional 2,821 shares in the last quarter. Retirement Systems of Alabama boosted its position in shares of TripAdvisor by 14.5% in the first quarter. Retirement Systems of Alabama now owns 165,348 shares of the travel company’s stock valued at $7,136,000 after buying an additional 20,959 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of TripAdvisor by 32.3% in the first quarter. Nisa Investment Advisors LLC now owns 22,357 shares of the travel company’s stock valued at $965,000 after buying an additional 5,455 shares in the last quarter. DnB Asset Management AS acquired a new position in shares of TripAdvisor during the first quarter valued at $15,645,000. Finally, CWM LLC boosted its position in shares of TripAdvisor by 35.1% in the first quarter. CWM LLC now owns 50,766 shares of the travel company’s stock valued at $2,191,000 after buying an additional 13,194 shares in the last quarter. 90.70% of the stock is owned by institutional investors.

TripAdvisor, Inc. (TRIP) opened at 39.92 on Friday. The firm’s 50-day moving average price is $38.64 and its 200 day moving average price is $42.02. TripAdvisor, Inc. has a 52-week low of $35.34 and a 52-week high of $66.13. The company has a market cap of $5.54 billion, a PE ratio of 60.39 and a beta of 2.36.

TripAdvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Tuesday, August 8th. The travel company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by $0.05. TripAdvisor had a return on equity of 8.62% and a net margin of 6.26%. The company had revenue of $424 million for the quarter, compared to the consensus estimate of $421.66 million. During the same quarter in the previous year, the business earned $0.38 earnings per share. TripAdvisor’s revenue was up 8.4% compared to the same quarter last year. On average, equities analysts predict that TripAdvisor, Inc. will post $1.15 EPS for the current fiscal year.

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Several brokerages have recently weighed in on TRIP. Stifel Nicolaus raised their price target on shares of TripAdvisor from $37.00 to $40.00 and gave the stock a “hold” rating in a research note on Thursday, May 11th. Credit Suisse Group set a $45.00 price target on shares of TripAdvisor and gave the stock a “hold” rating in a research note on Tuesday, May 9th. Royal Bank Of Canada reissued a “hold” rating and issued a $48.00 price objective on shares of TripAdvisor in a report on Monday, May 8th. Cantor Fitzgerald reissued a “hold” rating and issued a $54.00 price objective on shares of TripAdvisor in a report on Wednesday, May 10th. Finally, Zacks Investment Research raised TripAdvisor from a “sell” rating to a “hold” rating in a report on Monday, May 15th. Nine equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $44.78.

About TripAdvisor

TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.

Institutional Ownership by Quarter for TripAdvisor (NASDAQ:TRIP)

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