Gabelli Funds LLC Buys 2,000 Shares of TripAdvisor, Inc. (TRIP)
Gabelli Funds LLC grew its stake in shares of TripAdvisor, Inc. (NASDAQ:TRIP) by 36.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,500 shares of the travel company’s stock after buying an additional 2,000 shares during the period. Gabelli Funds LLC’s holdings in TripAdvisor were worth $304,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in TripAdvisor by 1.0% during the second quarter. Vanguard Group Inc. now owns 10,758,105 shares of the travel company’s stock worth $410,959,000 after buying an additional 105,571 shares in the last quarter. BlackRock Inc. increased its position in TripAdvisor by 23.9% during the second quarter. BlackRock Inc. now owns 8,883,209 shares of the travel company’s stock worth $339,338,000 after buying an additional 1,713,523 shares in the last quarter. Bank of New York Mellon Corp increased its position in TripAdvisor by 4.7% during the second quarter. Bank of New York Mellon Corp now owns 4,926,007 shares of the travel company’s stock worth $188,176,000 after buying an additional 220,185 shares in the last quarter. Matrix Capital Management Company LP increased its position in TripAdvisor by 152.3% during the second quarter. Matrix Capital Management Company LP now owns 3,532,600 shares of the travel company’s stock worth $134,945,000 after buying an additional 2,132,600 shares in the last quarter. Finally, First Trust Advisors LP increased its position in TripAdvisor by 20.2% during the second quarter. First Trust Advisors LP now owns 2,102,627 shares of the travel company’s stock worth $80,320,000 after buying an additional 353,242 shares in the last quarter. 87.38% of the stock is owned by institutional investors.
Several equities analysts have weighed in on the company. Royal Bank Of Canada dropped their price target on TripAdvisor from $38.00 to $34.00 and set a “sector perform” rating for the company in a research report on Monday. Jefferies Group LLC reissued a “sell” rating and set a $27.00 price target on shares of TripAdvisor in a research report on Friday, November 10th. Hilliard Lyons cut TripAdvisor from a “buy” rating to a “neutral” rating in a report on Wednesday, November 8th. UBS AG restated a “neutral” rating and set a $43.00 price objective on shares of TripAdvisor in a report on Wednesday, November 8th. Finally, Barclays PLC decreased their price objective on TripAdvisor from $45.00 to $35.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 8th. Nine investment analysts have rated the stock with a sell rating and nineteen have issued a hold rating to the company’s stock. TripAdvisor presently has a consensus rating of “Hold” and an average target price of $40.05.
In other news, insider Dermot Halpin sold 12,859 shares of TripAdvisor stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $39.09, for a total transaction of $502,658.31. Following the sale, the insider now directly owns 5,364 shares of the company’s stock, valued at $209,678.76. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.09% of the stock is currently owned by insiders.
TripAdvisor, Inc. (TRIP) opened at $30.53 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.47 and a quick ratio of 2.47. TripAdvisor, Inc. has a 52-week low of $29.50 and a 52-week high of $53.58. The company has a market capitalization of $4,174.67, a PE ratio of 43.56, a price-to-earnings-growth ratio of 2.23 and a beta of 2.33.
TripAdvisor (NASDAQ:TRIP) last announced its earnings results on Monday, November 6th. The travel company reported $0.36 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.36. TripAdvisor had a return on equity of 6.81% and a net margin of 4.26%. The business had revenue of $439.00 million for the quarter, compared to analyst estimates of $451.27 million. During the same period in the previous year, the company earned $0.53 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. equities research analysts anticipate that TripAdvisor, Inc. will post 0.68 EPS for the current fiscal year.
TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.
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