Contrarius Investment Management Ltd Buys 1,143 Shares of TripAdvisor, Inc. (NASDAQ:TRIP)

Contrarius Investment Management Ltd boosted its stake in TripAdvisor, Inc. (NASDAQ:TRIP) by 1.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,713 shares of the travel company’s stock after purchasing an additional 1,143 shares during the period. Contrarius Investment Management Ltd owned approximately 0.05% of TripAdvisor worth $2,769,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. The PNC Financial Services Group Inc. grew its position in TripAdvisor by 8.0% in the 1st quarter. The PNC Financial Services Group Inc. now owns 5,898 shares of the travel company’s stock worth $317,000 after purchasing an additional 438 shares during the period. Great West Life Assurance Co. Can grew its position in shares of TripAdvisor by 1.4% during the 2nd quarter. Great West Life Assurance Co. Can now owns 38,368 shares of the travel company’s stock valued at $1,547,000 after acquiring an additional 537 shares during the period. Eaton Vance Management bought a new stake in shares of TripAdvisor during the 1st quarter valued at $34,000. Gilder Gagnon Howe & Co. LLC bought a new stake in shares of TripAdvisor during the 1st quarter valued at $40,000. Finally, Victory Capital Management Inc. grew its position in shares of TripAdvisor by 5.9% during the 1st quarter. Victory Capital Management Inc. now owns 14,468 shares of the travel company’s stock valued at $778,000 after acquiring an additional 805 shares during the period. 72.35% of the stock is owned by institutional investors and hedge funds.

NASDAQ:TRIP traded up $0.44 during mid-day trading on Monday, hitting $37.06. 33,754 shares of the stock traded hands, compared to its average volume of 3,091,705. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of -20.99 and a beta of 1.36. TripAdvisor, Inc. has a 52 week low of $18.24 and a 52 week high of $64.95. The firm’s 50 day moving average is $35.45 and its two-hundred day moving average is $42.41. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 1.16.

TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Thursday, August 5th. The travel company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.01). The firm had revenue of $235.00 million for the quarter, compared to the consensus estimate of $199.00 million. TripAdvisor had a negative net margin of 38.56% and a negative return on equity of 27.90%. As a group, research analysts predict that TripAdvisor, Inc. will post -0.81 EPS for the current year.

A number of research analysts recently weighed in on the stock. Ascendiant Capital Markets lifted their target price on shares of TripAdvisor from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Monday, June 14th. They noted that the move was a valuation call. Credit Suisse Group lifted their target price on shares of TripAdvisor from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, August 9th. DA Davidson lifted their target price on shares of TripAdvisor from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, August 18th. Finally, Mizuho lowered their target price on shares of TripAdvisor from $50.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $44.00.

About TripAdvisor

TripAdvisor, Inc is an online travel company, which owns and operates a portfolio of online travel brands. It operates through the following segments: Hotels, Media & Platform, and Experiences & Dining. The Hotels, Media and Platform segment provides contextually-relevant booking links to travel partners on websites.

Further Reading: What is Considered a Good Return on Equity (ROE)?

Institutional Ownership by Quarter for TripAdvisor (NASDAQ:TRIP)

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