Pinebridge Investments L.P. Grows Position in Tripadvisor Inc (NASDAQ:TRIP)

Pinebridge Investments L.P. boosted its holdings in Tripadvisor Inc (NASDAQ:TRIP) by 182.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 93,101 shares of the travel company’s stock after acquiring an additional 60,103 shares during the quarter. Pinebridge Investments L.P. owned about 0.07% of Tripadvisor worth $4,309,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in TRIP. PenderFund Capital Management Ltd. raised its position in Tripadvisor by 881.8% in the second quarter. PenderFund Capital Management Ltd. now owns 2,000,000 shares of the travel company’s stock worth $2,703,000 after acquiring an additional 1,796,293 shares in the last quarter. Russell Investments Group Ltd. raised its position in Tripadvisor by 57.5% in the second quarter. Russell Investments Group Ltd. now owns 1,170,114 shares of the travel company’s stock worth $54,197,000 after acquiring an additional 427,150 shares in the last quarter. First Trust Advisors LP raised its position in Tripadvisor by 19.4% in the first quarter. First Trust Advisors LP now owns 2,594,002 shares of the travel company’s stock worth $133,461,000 after acquiring an additional 421,144 shares in the last quarter. Prudential Financial Inc. raised its position in Tripadvisor by 194.5% in the second quarter. Prudential Financial Inc. now owns 566,327 shares of the travel company’s stock worth $26,216,000 after acquiring an additional 374,050 shares in the last quarter. Finally, FMR LLC raised its position in Tripadvisor by 19.8% in the first quarter. FMR LLC now owns 1,919,577 shares of the travel company’s stock worth $98,763,000 after acquiring an additional 317,176 shares in the last quarter. Hedge funds and other institutional investors own 86.02% of the company’s stock.

Shares of TRIP traded down $0.45 during trading hours on Friday, reaching $40.82. 935,778 shares of the company traded hands, compared to its average volume of 1,810,740. The stock has a market capitalization of $5.75 billion, a PE ratio of 36.52, a price-to-earnings-growth ratio of 2.08 and a beta of 1.36. Tripadvisor Inc has a fifty-two week low of $35.41 and a fifty-two week high of $69.00. The stock has a fifty day simple moving average of $40.30 and a 200 day simple moving average of $46.79.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Wednesday, August 7th. The travel company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.08). The company had revenue of $422.00 million for the quarter, compared to analyst estimates of $445.46 million. Tripadvisor had a net margin of 8.49% and a return on equity of 10.63%. The firm’s revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.41 EPS. On average, equities analysts forecast that Tripadvisor Inc will post 1.24 EPS for the current fiscal year.

In related news, CFO Ernst 02494 Teunissen sold 8,117 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $45.60, for a total transaction of $370,135.20. Following the sale, the chief financial officer now owns 14,599 shares of the company’s stock, valued at $665,714.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Dermot Halpin sold 3,409 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $40.23, for a total value of $137,144.07. Following the sale, the insider now directly owns 752 shares in the company, valued at approximately $30,252.96. The disclosure for this sale can be found here. 3.50% of the stock is owned by company insiders.

A number of brokerages have recently weighed in on TRIP. BidaskClub upgraded Tripadvisor from a “strong sell” rating to a “sell” rating in a research report on Thursday. Standpoint Research began coverage on Tripadvisor in a research report on Tuesday, July 16th. They issued a “buy” rating and a $60.00 price target for the company. SunTrust Banks upgraded Tripadvisor from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Wednesday, June 19th. Bank of America dropped their price target on Tripadvisor from $43.00 to $40.00 and set an “underperform” rating for the company in a research report on Friday, August 9th. Finally, Deutsche Bank dropped their price target on Tripadvisor from $65.00 to $59.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company’s stock. Tripadvisor has a consensus rating of “Hold” and an average price target of $54.63.

Tripadvisor Company Profile

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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Institutional Ownership by Quarter for Tripadvisor (NASDAQ:TRIP)

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