Philadelphia Trust Co. purchased a new position in shares of TripAdvisor, Inc. (NASDAQ:TRIP) during the fourth quarter, HoldingsChannel reports. The firm purchased 51,000 shares of the travel company’s stock, valued at approximately $1,468,000.

Several other institutional investors have also recently modified their holdings of the company. Alliancebernstein L.P. increased its stake in shares of TripAdvisor by 11.0% during the fourth quarter. Alliancebernstein L.P. now owns 158,774 shares of the travel company’s stock worth $4,570,000 after acquiring an additional 15,754 shares during the period. Fox Run Management L.L.C. purchased a new stake in TripAdvisor during the fourth quarter worth about $227,000. Russell Investments Group Ltd. boosted its holdings in TripAdvisor by 520.9% during the fourth quarter. Russell Investments Group Ltd. now owns 268,229 shares of the travel company’s stock worth $7,716,000 after buying an additional 225,030 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in TripAdvisor during the fourth quarter worth about $35,000. Finally, BlackRock Inc. boosted its holdings in TripAdvisor by 2.8% during the fourth quarter. BlackRock Inc. now owns 8,259,027 shares of the travel company’s stock worth $237,695,000 after buying an additional 224,268 shares in the last quarter. Institutional investors and hedge funds own 69.51% of the company’s stock.

In related news, CFO Ernst 02494 Teunissen sold 32,722 shares of the company’s stock in a transaction that occurred on Friday, January 8th. The shares were sold at an average price of $34.00, for a total transaction of $1,112,548.00. Following the completion of the transaction, the chief financial officer now owns 23,603 shares of the company’s stock, valued at $802,502. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Seth J. Kalvert sold 18,975 shares of the company’s stock in a transaction that occurred on Monday, December 21st. The stock was sold at an average price of $25.69, for a total transaction of $487,467.75. Following the transaction, the senior vice president now directly owns 34,098 shares of the company’s stock, valued at approximately $875,977.62. The disclosure for this sale can be found here. Insiders have sold 52,047 shares of company stock worth $1,610,040 in the last three months. Insiders own 3.50% of the company’s stock.

Shares of TRIP opened at $44.71 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.65 and a current ratio of 2.65. The company has a market capitalization of $6.01 billion, a price-to-earnings ratio of -29.61 and a beta of 1.48. The company’s 50 day simple moving average is $34.74 and its 200 day simple moving average is $26.16. TripAdvisor, Inc. has a 1 year low of $13.73 and a 1 year high of $46.48.

TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Thursday, February 18th. The travel company reported ($0.41) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.42) by $0.01. TripAdvisor had a negative net margin of 24.54% and a negative return on equity of 15.76%. Equities analysts expect that TripAdvisor, Inc. will post -1.72 EPS for the current fiscal year.

TRIP has been the topic of a number of research analyst reports. Truist boosted their price objective on shares of TripAdvisor from $25.00 to $37.00 in a report on Thursday, January 21st. Credit Suisse Group boosted their price objective on shares of TripAdvisor from $25.00 to $31.00 and gave the stock a “neutral” rating in a report on Monday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of TripAdvisor from $36.00 to $38.00 and gave the stock a “hold” rating in a report on Thursday, February 18th. Barclays boosted their price objective on shares of TripAdvisor from $25.00 to $45.00 in a report on Monday. Finally, Stifel Nicolaus upped their price target on shares of TripAdvisor from $26.00 to $39.00 and gave the company a “hold” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $29.65.

TripAdvisor Company Profile

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotels, Media & Platform; and Experiences & Dining. The company operates TripAdvisor-branded Websites, including tripadvisor.com in the United States; and localized versions of the Website in 48 markets and 28 languages.

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Institutional Ownership by Quarter for TripAdvisor (NASDAQ:TRIP)

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