TripAdvisor, Inc. $TRIP Shares Sold by Headwater Capital Co Ltd

Headwater Capital Co Ltd lowered its holdings in TripAdvisor, Inc. (NASDAQ:TRIP) by 62.0% in the fourth quarter, HoldingsChannel reports. The firm owned 350,000 shares of the travel company’s stock after selling 570,000 shares during the quarter. TripAdvisor makes up approximately 1.0% of Headwater Capital Co Ltd’s holdings, making the stock its 15th biggest holding. Headwater Capital Co Ltd’s holdings in TripAdvisor were worth $5,096,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew 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 valued at $42,000 after purchasing an additional 705 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new position in shares of TripAdvisor in the third quarter valued at approximately $58,000. State of Wyoming acquired a new position in shares of TripAdvisor in the third quarter valued at approximately $60,000. Tower Research Capital LLC TRC grew 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 valued at $53,000 after purchasing an additional 3,078 shares in the last quarter. Finally, Covestor Ltd grew its holdings in shares of TripAdvisor by 168.9% in the fourth quarter. Covestor Ltd now owns 4,760 shares of the travel company’s stock valued at $69,000 after purchasing an additional 2,990 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Insider Buying and Selling

In related 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 in the company, valued at $423,070.80. This represents a 18.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TRIP. Cantor Fitzgerald set a $10.00 price objective on shares of TripAdvisor and gave the company an “underweight” rating in a report on Friday, February 13th. BTIG Research reiterated a “buy” rating and issued a $15.00 price target on shares of TripAdvisor in a research note on Friday, May 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of TripAdvisor in a research note on Friday, May 15th. Barclays decreased their price target on shares of TripAdvisor from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Monday, May 11th. Finally, DA Davidson decreased their price target on shares of TripAdvisor from $11.00 to $10.50 and set a “neutral” rating for the company in a research note on Monday, May 18th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $14.76.

TripAdvisor Stock Up 2.9%

Shares of NASDAQ:TRIP opened at $11.91 on Friday. The firm has a 50 day simple moving average of $10.88 and a 200-day simple moving average of $12.01. TripAdvisor, Inc. has a twelve month low of $9.01 and a twelve month high of $20.16. The company has a market capitalization of $1.39 billion, a PE ratio of 119.11, a P/E/G ratio of 2.28 and a beta of 0.90. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.36.

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

TripAdvisor Company Profile

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.