Gilder Gagnon Howe & Co. LLC Raises Stake in TripAdvisor Inc. (TRIP)
Gilder Gagnon Howe & Co. LLC boosted its position in TripAdvisor Inc. (NASDAQ:TRIP) by 7.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,350,583 shares of the travel company’s stock after buying an additional 98,694 shares during the period. TripAdvisor accounts for approximately 1.7% of Gilder Gagnon Howe & Co. LLC’s investment portfolio, making the stock its 10th largest position. Gilder Gagnon Howe & Co. LLC owned approximately 0.93% of TripAdvisor worth $86,842,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board increased its position in TripAdvisor by 33.3% in the first quarter. Canada Pension Plan Investment Board now owns 2,800 shares of the travel company’s stock worth $186,000 after buying an additional 700 shares in the last quarter. Candriam Luxembourg S.C.A. purchased a new position in TripAdvisor during the second quarter worth approximately $232,000. LS Investment Advisors LLC increased its position in TripAdvisor by 8.3% in the second quarter. LS Investment Advisors LLC now owns 4,529 shares of the travel company’s stock worth $291,000 after buying an additional 348 shares in the last quarter. Magnetar Financial LLC bought 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. 87.82% of the stock is currently owned by institutional investors.
TripAdvisor Inc. (NASDAQ:TRIP) traded up 1.00% during mid-day trading on Wednesday, reaching $63.82. The company had a trading volume of 943,326 shares. The stock has a market cap of $9.30 billion, a PE ratio of 67.18 and a beta of 2.35. TripAdvisor Inc. has a 12 month low of $53.48 and a 12 month high of $87.50. The firm’s 50-day moving average price is $62.45 and its 200-day moving average price is $64.44.
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. The company earned $391 million during the quarter. TripAdvisor had a net margin of 9.41% and a return on equity of 13.55%. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.54 earnings per share. Equities research analysts forecast that TripAdvisor Inc. will post $1.58 EPS for the current fiscal year.
Several analysts recently issued reports on the company. Jefferies Group reissued a “hold” rating on shares of TripAdvisor in a report on Monday, July 18th. Citigroup Inc. raised TripAdvisor to a “market perform” rating in a report on Thursday, July 28th. They noted that the move was a valuation call. Piper Jaffray Cos. reissued a “buy” rating and issued a $95.00 price target on shares of TripAdvisor in a report on Saturday, June 25th. Bank of America Corp. set a $41.00 price target on TripAdvisor and gave the stock a “sell” rating in a report on Monday, September 12th. Finally, Raymond James Financial Inc. raised TripAdvisor from an “underperform” rating to a “market perform” rating in a report on Thursday, July 28th. Four equities research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $69.54.
In other news, Viator CEO Barrie Seidenberg sold 4,274 shares of the stock in a transaction on Monday, September 26th. The stock was sold at an average price of $60.77, for a total value of $259,730.98. Following the transaction, the insider now owns 286 shares of the company’s stock, valued at approximately $17,380.22. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Dermot Halpin sold 10,000 shares of the 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 completion of the transaction, the insider now directly owns 10,900 shares in the company, valued at approximately $673,293. The disclosure for this sale can be found here. 0.98% of the stock is 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.
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