Leonteq Securities AG Raises Stock Holdings in TripAdvisor, Inc. $TRIP

Leonteq Securities AG boosted its stake in shares of TripAdvisor, Inc. (NASDAQ:TRIP) by 153.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 242,483 shares of the travel company’s stock after purchasing an additional 146,977 shares during the quarter. Leonteq Securities AG’s holdings in TripAdvisor were worth $2,585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in TRIP. Alyeska Investment Group L.P. purchased a new stake in shares of TripAdvisor during the third quarter valued at about $26,848,000. Ameriprise Financial Inc. lifted its position in TripAdvisor by 24.2% during the third quarter. Ameriprise Financial Inc. now owns 7,416,019 shares of the travel company’s stock valued at $120,585,000 after acquiring an additional 1,445,607 shares during the last quarter. SG Americas Securities LLC boosted its stake in TripAdvisor by 1,712.3% in the fourth quarter. SG Americas Securities LLC now owns 1,107,995 shares of the travel company’s stock valued at $16,132,000 after acquiring an additional 1,046,858 shares in the last quarter. Holocene Advisors LP grew its holdings in TripAdvisor by 78.5% in the third quarter. Holocene Advisors LP now owns 2,210,903 shares of the travel company’s stock worth $35,949,000 after purchasing an additional 972,369 shares during the last quarter. Finally, Nuveen LLC grew its holdings in TripAdvisor by 40.1% in the fourth quarter. Nuveen LLC now owns 3,355,310 shares of the travel company’s stock worth $48,853,000 after purchasing an additional 961,121 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TRIP has been the subject of several analyst reports. Wedbush increased their price objective on TripAdvisor from $19.00 to $20.00 and gave the company an “outperform” rating in a report on Tuesday, June 16th. UBS Group dropped their target price on TripAdvisor from $16.00 to $13.70 and set a “neutral” rating on the stock in a research note on Monday, April 27th. Bank of America raised TripAdvisor from a “neutral” rating to a “buy” rating and upped their target price for the company from $14.00 to $15.00 in a research report on Friday, March 27th. JPMorgan Chase & Co. decreased their price target on TripAdvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Friday, May 8th. Finally, BTIG Research reissued a “buy” rating on shares of TripAdvisor in a report on Monday, June 15th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $15.19.

Insider Buying and Selling at TripAdvisor

In other news, CEO Almir Ambeskovic sold 8,000 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $12.30, for a total value of $98,400.00. Following the transaction, the chief executive officer directly owned 34,396 shares of the company’s stock, valued at approximately $423,070.80. This represents a 18.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.00% of the company’s stock.

TripAdvisor Price Performance

Shares of TRIP opened at $14.29 on Friday. The firm has a market capitalization of $1.66 billion, a PE ratio of 142.91, a price-to-earnings-growth ratio of 2.70 and a beta of 0.86. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.25 and a quick ratio of 1.25. TripAdvisor, Inc. has a 1-year low of $9.01 and a 1-year high of $20.16. The company’s fifty day moving average price is $11.48 and its 200-day moving average price is $11.79.

TripAdvisor (NASDAQ:TRIP) last issued its earnings results on Thursday, May 7th. The travel company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.08). TripAdvisor had a return on equity of 5.73% and a net margin of 0.99%.The firm had revenue of $382.40 million during the quarter, compared to analysts’ expectations of $384.69 million. During the same quarter last year, the business earned $0.14 EPS. The business’s revenue was down 4.0% on a year-over-year basis. On average, equities research analysts predict that TripAdvisor, Inc. will post 0.69 EPS for the current year.

About TripAdvisor

TripAdvisor (NASDAQ:TRIP) is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company’s flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor’s offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.