PenderFund Capital Management Ltd. increased its holdings in Tripadvisor Inc (NASDAQ:TRIP) by 22.2% in the first quarter, HoldingsChannel reports. The firm owned 203,707 shares of the travel company’s stock after purchasing an additional 37,000 shares during the period. Tripadvisor accounts for approximately 4.1% of PenderFund Capital Management Ltd.’s portfolio, making the stock its 5th biggest holding. PenderFund Capital Management Ltd.’s holdings in Tripadvisor were worth $14,086,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Two Sigma Advisers LP lifted its stake in shares of Tripadvisor by 637.1% in the fourth quarter. Two Sigma Advisers LP now owns 342,732 shares of the travel company’s stock valued at $18,487,000 after buying an additional 296,232 shares during the period. Northern Trust Corp raised its position in Tripadvisor by 8.5% in the fourth quarter. Northern Trust Corp now owns 1,331,988 shares of the travel company’s stock worth $71,848,000 after purchasing an additional 104,572 shares in the last quarter. Xact Kapitalforvaltning AB raised its position in Tripadvisor by 24.1% in the fourth quarter. Xact Kapitalforvaltning AB now owns 20,905 shares of the travel company’s stock worth $1,128,000 after purchasing an additional 4,057 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd raised its position in Tripadvisor by 4.2% in the fourth quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,196,989 shares of the travel company’s stock worth $118,505,000 after purchasing an additional 89,436 shares in the last quarter. Finally, California Public Employees Retirement System raised its position in Tripadvisor by 0.7% in the fourth quarter. California Public Employees Retirement System now owns 260,835 shares of the travel company’s stock worth $14,069,000 after purchasing an additional 1,922 shares in the last quarter. Hedge funds and other institutional investors own 88.12% of the company’s stock.
In other news, insider Dermot Halpin sold 17,655 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $56.69, for a total transaction of $1,000,861.95. Following the completion of the sale, the insider now owns 21,791 shares of the company’s stock, valued at $1,235,331.79. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Noel Bertram Watson sold 3,369 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $55.00, for a total transaction of $185,295.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 62,114 shares of company stock valued at $3,384,884. Company insiders own 3.10% of the company’s stock.
Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Tuesday, February 12th. The travel company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.12. The company had revenue of $346.00 million during the quarter, compared to analyst estimates of $342.90 million. Tripadvisor had a net margin of 7.00% and a return on equity of 9.27%. The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $0.06 earnings per share. Research analysts expect that Tripadvisor Inc will post 1.27 earnings per share for the current year.
Several research analysts recently issued reports on the stock. BidaskClub lowered shares of Tripadvisor from a “hold” rating to a “sell” rating in a research report on Tuesday. SunTrust Banks dropped their price target on shares of Tripadvisor to $60.00 and set a “hold” rating for the company in a research report on Friday, April 12th. Cowen lowered shares of Tripadvisor from a “market perform” rating to an “underperform” rating and dropped their price target for the stock from $50.00 to $40.00 in a research report on Wednesday, March 6th. ValuEngine lowered shares of Tripadvisor from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Finally, Zacks Investment Research lowered shares of Tripadvisor from a “buy” rating to a “hold” rating in a research report on Monday, February 18th. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $56.87.
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TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotel and Non-Hotel. The company operates TripAdvisor-branded Websites, including tripadvisor.com in the United States; and localized versions of the Website in 48 markets and 28 languages. It also manages and operates other travel media brands that provide users the comprehensive travel-planning and trip-taking resources in the travel industry, such as airfarewatchdog.com, bookingbuddy.com, cruisecritic.com, familyvacationcritic.com, flipkey.com, thefork.com, holidaywatchdog.com, housetrip.com, jetsetter.com, niumba.com, onetime.com, oyster.com, seatguru.com, smartertravel.com, tingo.com, vacationhomerentals.com, and viator.com, as well as www.bokun.io and holidaylettings.co.uk.
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