Rangeley Capital LLC Acquires New Holdings in TripAdvisor, Inc. $TRIP

Rangeley Capital LLC acquired a new stake in shares of TripAdvisor, Inc. (NASDAQ:TRIP) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 190,000 shares of the travel company’s stock, valued at approximately $2,025,000. TripAdvisor comprises approximately 1.8% of Rangeley Capital LLC’s investment portfolio, making the stock its 14th largest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kestra Advisory Services LLC purchased a new stake in TripAdvisor in the 4th quarter worth approximately $33,000. UMB Bank n.a. grew its position in shares of TripAdvisor by 295.2% during the 4th quarter. UMB Bank n.a. now owns 2,300 shares of the travel company’s stock valued at $33,000 after purchasing an additional 1,718 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in shares of TripAdvisor by 192.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,767 shares of the travel company’s stock valued at $40,000 after purchasing an additional 1,821 shares in the last quarter. CIBC Private Wealth Group LLC bought a new position in shares of TripAdvisor in the third quarter worth $58,000. Finally, Atlas Capital Advisors Inc. bought a new position in shares of TripAdvisor in the fourth quarter worth $58,000. Institutional investors own 98.99% of the company’s stock.

TripAdvisor Stock Performance

NASDAQ:TRIP opened at $13.70 on Monday. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 137.01, a PEG ratio of 2.69 and a beta of 0.86. The business has a 50 day moving average of $12.57 and a 200 day moving average of $11.75. 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.

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

Insider Activity

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TRIP. BTIG Research lowered TripAdvisor from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 21st. Wedbush upped their target price on TripAdvisor from $19.00 to $20.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 16th. The Goldman Sachs Group restated a “buy” rating and set a $16.00 price objective on shares of TripAdvisor in a research report on Monday, July 20th. UBS Group dropped their price objective on shares of TripAdvisor from $16.00 to $13.70 and set a “neutral” rating for the company in a report on Monday, April 27th. Finally, Barclays cut their target price on shares of TripAdvisor from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Monday, May 11th. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, TripAdvisor presently has an average rating of “Reduce” and a consensus target price of $14.76.

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.