Chevy Chase Trust Holdings Inc. cut its stake in shares of TripAdvisor Inc. (NASDAQ:TRIP) by 2.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,345 shares of the travel company’s stock after selling 2,295 shares during the period. Chevy Chase Trust Holdings Inc. owned approximately 0.07% of TripAdvisor worth $6,024,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. LPL Financial LLC increased its stake in TripAdvisor by 9.2% in the first quarter. LPL Financial LLC now owns 14,316 shares of the travel company’s stock valued at $917,000 after buying an additional 1,202 shares during the last quarter. Arizona State Retirement System increased its stake in TripAdvisor by 1.3% in the first quarter. Arizona State Retirement System now owns 30,859 shares of the travel company’s stock valued at $2,052,000 after buying an additional 400 shares during the last quarter. Exxonmobil Investment Management Inc. TX increased its stake in TripAdvisor by 6.7% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 29,586 shares of the travel company’s stock valued at $1,902,000 after buying an additional 1,849 shares during the last quarter. DAVENPORT & Co LLC increased its stake in TripAdvisor by 60.9% in the second quarter. DAVENPORT & Co LLC now owns 382,325 shares of the travel company’s stock valued at $24,583,000 after buying an additional 144,767 shares during the last quarter. Finally, Creative Planning increased its stake in TripAdvisor by 15.1% in the second quarter. Creative Planning now owns 12,539 shares of the travel company’s stock valued at $806,000 after buying an additional 1,649 shares during the last quarter. 87.14% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for TripAdvisor (NASDAQ:TRIP)

TripAdvisor Inc. (NASDAQ:TRIP) traded down 2.07% during trading on Wednesday, hitting $48.28. The stock had a trading volume of 2,681,738 shares. The company has a market cap of $7.03 billion, a P/E ratio of 58.03 and a beta of 2.31. TripAdvisor Inc. has a 12-month low of $48.25 and a 12-month high of $87.50. The company has a 50 day moving average of $58.50 and a 200-day moving average of $63.17.

TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Tuesday, November 8th. The travel company reported $0.53 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. The business earned $421 million during the quarter, compared to analyst estimates of $436.31 million. TripAdvisor had a return on equity of 12.67% and a net margin of 8.08%. The company’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.53 earnings per share. On average, equities analysts predict that TripAdvisor Inc. will post $1.54 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This report was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another website, it was illegally copied and reposted in violation of US and international copyright & trademark laws. The correct version of this report can be viewed at https://www.thecerbatgem.com/2016/11/30/tripadvisor-inc-trip-shares-sold-by-chevy-chase-trust-holdings-inc.html.

Several equities research analysts have recently weighed in on TRIP shares. Cantor Fitzgerald reissued a “hold” rating and issued a $67.00 price objective on shares of TripAdvisor in a report on Friday, August 5th. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $90.00 price target on shares of TripAdvisor in a report on Friday, August 5th. Deutsche Bank AG downgraded TripAdvisor from a “buy” rating to a “hold” rating and decreased their price target for the stock from $71.00 to $63.00 in a report on Friday, August 5th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $73.00 price target on shares of TripAdvisor in a report on Friday, August 5th. Finally, RBC Capital Markets reaffirmed a “sector perform” rating and set a $55.00 price target (down from $60.00) on shares of TripAdvisor in a report on Friday, August 5th. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $63.08.

In other news, Viator CEO Barrie Seidenberg sold 4,274 shares of the business’s stock in a transaction on Monday, September 26th. The stock was sold at an average price of $60.77, for a total transaction of $259,730.98. Following the sale, the insider now directly owns 286 shares of the company’s stock, valued at $17,380.22. The sale was disclosed in a legal 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 stock was sold at an average price of $60.50, for a total value of $102,063.50. Following the sale, the senior vice president now directly owns 10,653 shares in the company, valued at $644,506.50. The disclosure for this sale can be found here. Insiders own 0.98% of the company’s stock.

TripAdvisor Company Profile

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.

5 Day Chart for NASDAQ:TRIP

Receive News & Stock Ratings for TripAdvisor Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TripAdvisor Inc. and related stocks with our FREE daily email newsletter.