First Trust Advisors LP Acquires 592,258 Shares of Tripadvisor Inc (TRIP)

First Trust Advisors LP increased its holdings in shares of Tripadvisor Inc (NASDAQ:TRIP) by 32.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,439,465 shares of the travel company’s stock after purchasing an additional 592,258 shares during the period. First Trust Advisors LP owned 1.76% of Tripadvisor worth $84,064,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FNY Managed Accounts LLC bought a new position in shares of Tripadvisor during the third quarter valued at approximately $101,000. SeaCrest Wealth Management LLC bought a new position in shares of Tripadvisor during the fourth quarter valued at approximately $104,000. NuWave Investment Management LLC purchased a new stake in Tripadvisor during the fourth quarter valued at approximately $116,000. Steward Partners Investment Advisory LLC lifted its position in Tripadvisor by 164.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,880 shares of the travel company’s stock valued at $168,000 after acquiring an additional 3,037 shares during the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new stake in Tripadvisor during the fourth quarter valued at approximately $180,000. Hedge funds and other institutional investors own 90.33% of the company’s stock.

Tripadvisor Inc (TRIP) opened at $40.72 on Thursday. The stock has a market cap of $5,538.46, a price-to-earnings ratio of 86.64, a price-to-earnings-growth ratio of 4.60 and a beta of 2.22. Tripadvisor Inc has a fifty-two week low of $29.50 and a fifty-two week high of $53.29. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 0.19.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Wednesday, February 14th. The travel company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.08). The company had revenue of $321.00 million during the quarter, compared to analysts’ expectations of $309.12 million. Tripadvisor had a return on equity of 6.81% and a net margin of 4.26%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.16 EPS. sell-side analysts expect that Tripadvisor Inc will post 0.68 EPS for the current year.

In related news, CFO Ernst 02494 Teunissen sold 9,457 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $40.00, for a total transaction of $378,280.00. Following the completion of the transaction, the chief financial officer now owns 13,866 shares of the company’s stock, valued at $554,640. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.09% of the company’s stock.

A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Tripadvisor from a “sell” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Thursday, January 11th. Piper Jaffray Companies reissued a “neutral” rating and set a $47.00 target price on shares of Tripadvisor in a research report on Thursday. Wells Fargo & Co reissued a “hold” rating on shares of Tripadvisor in a research report on Wednesday. Hilliard Lyons cut shares of Tripadvisor from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 8th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $38.00 target price on shares of Tripadvisor in a research report on Friday, November 3rd. Eight investment analysts have rated the stock with a sell rating and eighteen have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $39.63.

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Tripadvisor Profile

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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