Trade Report: Today, Wells Fargo & Company MN Reached $17,509,000 position of TripAdvisor Inc. (TRIP)

Today, Wells Fargo & Company MN Reached $17,509,000 position  of TripAdvisor Inc. (TRIP)

Wells Fargo & Company MN boosted its position in shares of TripAdvisor Inc. (NASDAQ:TRIP) by 26.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 277,134 shares of the travel company’s stock after buying an additional 58,250 shares during the period. Wells Fargo & Company MN owned 0.19% of TripAdvisor worth $17,509,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of TRIP. Valiant Capital Management L.P. purchased a new position in shares of TripAdvisor during the second quarter worth about $59,613,000. Gilder Gagnon Howe & Co. LLC raised its position in shares of TripAdvisor by 7.9% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 1,350,583 shares of the travel company’s stock worth $86,842,000 after buying an additional 98,694 shares during the last quarter. Legal & General Group Plc raised its position in shares of TripAdvisor by 8.6% in the first quarter. Legal & General Group Plc now owns 443,648 shares of the travel company’s stock worth $29,503,000 after buying an additional 35,133 shares during the last quarter. Retirement Systems of Alabama raised its position in shares of TripAdvisor by 112.6% in the second quarter. Retirement Systems of Alabama now owns 122,572 shares of the travel company’s stock worth $7,881,000 after buying an additional 64,925 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. raised its position in shares of TripAdvisor by 1.5% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 97,640 shares of the travel company’s stock worth $6,278,000 after buying an additional 1,467 shares during the last quarter. 89.10% of the stock is owned by hedge funds and other institutional investors.

Shares of TripAdvisor Inc. (NASDAQ:TRIP) traded up 0.75% during mid-day trading on Friday, hitting $51.17. The company had a trading volume of 501,095 shares. TripAdvisor Inc. has a one year low of $48.52 and a one year high of $87.50. The company has a market capitalization of $7.46 billion, a P/E ratio of 61.50 and a beta of 2.31. The firm’s 50-day moving average price is $58.89 and its 200 day moving average price is $63.31.

TripAdvisor (NASDAQ:TRIP) last issued its earnings results on Tuesday, November 8th. The travel company reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. The company earned $421 million during the quarter, compared to analysts’ expectations of $436.31 million. TripAdvisor had a net margin of 8.08% and a return on equity of 12.67%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS. Analysts predict that TripAdvisor Inc. will post $1.54 earnings per share for the current fiscal year.

A number of equities analysts have issued reports on TRIP shares. Cantor Fitzgerald reaffirmed a “hold” rating on shares of TripAdvisor in a research note on Friday, August 19th. Susquehanna started coverage on TripAdvisor in a research note on Wednesday, October 19th. They set a “neutral” rating and a $55.00 price target for the company. Jefferies Group reaffirmed a “hold” rating and set a $68.00 price target on shares of TripAdvisor in a research note on Tuesday, September 6th. Wells Fargo & Co. reaffirmed a “market perform” rating and set a $67.00 price target (down from $71.00) on shares of TripAdvisor in a research note on Sunday, August 7th. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating and set a $65.00 price target (down from $78.00) on shares of TripAdvisor in a research note on Friday, November 11th. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and three have given a buy rating to the stock. TripAdvisor presently has a consensus rating of “Hold” and an average price target of $63.08.

In other TripAdvisor news, Viator CEO Barrie Seidenberg sold 4,274 shares of the company’s stock in a transaction on Monday, September 26th. The shares were sold at an average price of $60.77, for a total transaction of $259,730.98. Following the completion of the sale, the insider now owns 286 shares in the company, valued at approximately $17,380.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Seth J. Kalvert sold 1,687 shares of the company’s stock in a transaction on Wednesday, September 21st. The shares were sold at an average price of $60.50, for a total transaction of $102,063.50. Following the sale, the senior vice president now owns 10,653 shares of the company’s stock, valued at approximately $644,506.50. The disclosure for this sale can be found here. Company insiders own 0.98% of the company’s stock.

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