Leonteq Securities AG Makes New Investment in TripAdvisor, Inc. $TRIP

Leonteq Securities AG bought a new position in shares of TripAdvisor, Inc. (NASDAQ:TRIP) during the 4th quarter, HoldingsChannel reports. The firm bought 95,506 shares of the travel company’s stock, valued at approximately $1,391,000.

Other institutional investors have also recently made changes to their positions in the company. Essex Investment Management Co. LLC increased its holdings in shares of TripAdvisor by 75.7% in the third quarter. Essex Investment Management Co. LLC now owns 1,523 shares of the travel company’s stock worth $25,000 after purchasing an additional 656 shares during the period. Covestor Ltd increased its holdings in shares of TripAdvisor by 64.8% in the third quarter. Covestor Ltd now owns 1,770 shares of the travel company’s stock worth $29,000 after purchasing an additional 696 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of TripAdvisor by 39.7% in the third quarter. Smartleaf Asset Management LLC now owns 2,482 shares of the travel company’s stock worth $42,000 after purchasing an additional 705 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of TripAdvisor by 308.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,077 shares of the travel company’s stock worth $53,000 after purchasing an additional 3,078 shares during the period. Finally, CIBC Private Wealth Group LLC bought a new position in shares of TripAdvisor in the third quarter worth $58,000. Institutional investors own 98.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wall Street Zen cut shares of TripAdvisor from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Barclays decreased their price target on shares of TripAdvisor from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Monday, May 11th. JPMorgan Chase & Co. decreased their price target on shares of TripAdvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a report on Friday, May 8th. Bank of America raised shares of TripAdvisor from a “neutral” rating to a “buy” rating and upped their price target for the stock from $14.00 to $15.00 in a report on Friday, March 27th. Finally, DA Davidson decreased their price target on shares of TripAdvisor from $11.00 to $10.50 and set a “neutral” rating on the stock in a report on Monday. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $14.26.

TripAdvisor Stock Down 0.3%

TRIP opened at $9.90 on Friday. The stock has a market cap of $1.15 billion, a PE ratio of 99.01, a P/E/G ratio of 1.82 and a beta of 0.91. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.36. TripAdvisor, Inc. has a 52 week low of $9.01 and a 52 week high of $20.16. The business’s fifty day simple moving average is $10.41 and its 200 day simple moving average is $12.39.

TripAdvisor (NASDAQ:TRIP) last released its 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 firm had revenue of $382.40 million during 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% compared to the same quarter last year. During the same period in the prior year, the company earned $0.14 EPS. As a group, research analysts expect that TripAdvisor, Inc. will post 0.74 earnings per share for the current fiscal 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.