Tokio Marine Asset Management Co. Ltd. maintained its stake in TripAdvisor Inc. (NASDAQ:TRIP) during the second quarter, Holdings Channel reports. The fund owned 4,258 shares of the travel company’s stock at the end of the second quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in TripAdvisor were worth $274,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board increased its stake in shares of TripAdvisor by 33.3% in the first quarter. Canada Pension Plan Investment Board now owns 2,800 shares of the travel company’s stock valued at $186,000 after buying an additional 700 shares during the period. Candriam Luxembourg S.C.A. acquired a new stake in shares of TripAdvisor during the second quarter valued at about $232,000. LS Investment Advisors LLC increased its stake in shares of TripAdvisor by 8.3% in the second quarter. LS Investment Advisors LLC now owns 4,529 shares of the travel company’s stock valued at $291,000 after buying an additional 348 shares during the period. Magnetar Financial LLC acquired a new stake in shares of TripAdvisor during the first quarter valued at about $294,000. Finally, Stone Ridge Asset Management LLC increased its stake in shares of TripAdvisor by 37.1% in the first quarter. Stone Ridge Asset Management LLC now owns 4,800 shares of the travel company’s stock valued at $319,000 after buying an additional 1,300 shares during the period. 87.79% of the stock is currently owned by hedge funds and other institutional investors.
Shares of TripAdvisor Inc. (NASDAQ:TRIP) traded down 1.49% during mid-day trading on Friday, hitting $61.31. 1,983,138 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $62.44 and a 200-day moving average price of $64.53. The company has a market capitalization of $8.93 billion, a price-to-earnings ratio of 64.54 and a beta of 2.35. TripAdvisor Inc. has a 52 week low of $53.48 and a 52 week high of $87.50.
TripAdvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Wednesday, August 3rd. The travel company reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.04. TripAdvisor had a return on equity of 13.55% and a net margin of 9.41%. The business had revenue of $391 million for the quarter. During the same quarter in the prior year, the company earned $0.54 EPS. TripAdvisor’s quarterly revenue was down 3.5% on a year-over-year basis. On average, equities analysts anticipate that TripAdvisor Inc. will post $1.58 EPS for the current year.
Several brokerages have issued reports on TRIP. Bank of America Corp. set a $41.00 price target on shares of TripAdvisor and gave the company a “sell” rating in a report on Monday, September 12th. Jefferies Group reissued a “hold” rating and issued a $68.00 price objective on shares of TripAdvisor in a research report on Tuesday, September 6th. Cantor Fitzgerald reissued a “hold” rating on shares of TripAdvisor in a research report on Sunday, August 28th. Wells Fargo & Co. reissued a “market perform” rating and issued a $67.00 price objective (down previously from $71.00) on shares of TripAdvisor in a research report on Sunday, August 7th. Finally, Oppenheimer Holdings Inc. reissued a “” rating on shares of TripAdvisor in a research report on Friday, August 5th. Four analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $69.54.
In other news, insider Dermot Halpin sold 10,000 shares of the business’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $61.77, for a total value of $617,700.00. Following the sale, the insider now owns 10,900 shares in the company, valued at approximately $673,293. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Seth J. Kalvert sold 1,687 shares of the business’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 completion of the sale, the senior vice president now owns 10,653 shares in the company, valued at approximately $644,506.50. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by insiders.
TripAdvisor, Inc is an online travel company, which owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s flagship brand, is a travel Website. The Company operates in two segments. The Hotel segment’s services include making hotel room nights available for price comparison and booking, including instant booking feature, as well as subscription-based hotel products, such as Business Listings, and transaction-based hotel products, such as Jetsetter and Tingo.