SummitTX Capital L.P. Boosts Stock Position in TripAdvisor, Inc. $TRIP

SummitTX Capital L.P. raised its holdings in TripAdvisor, Inc. (NASDAQ:TRIP) by 619.9% during the first quarter, Holdings Channel reports. The institutional investor owned 139,710 shares of the travel company’s stock after buying an additional 120,303 shares during the period. SummitTX Capital L.P.’s holdings in TripAdvisor were worth $1,489,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of TRIP. UMB Bank n.a. boosted 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 worth $33,000 after acquiring an additional 1,718 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of TripAdvisor during the 4th quarter worth about $33,000. Rockefeller Capital Management L.P. raised 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 worth $40,000 after acquiring an additional 1,821 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in TripAdvisor by 308.1% during 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 last quarter. Finally, CIBC Private Wealth Group LLC purchased a new stake in TripAdvisor during the third quarter worth approximately $58,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

TripAdvisor Stock Down 2.3%

TRIP stock opened at $14.58 on Thursday. The company has a fifty day moving average price of $12.87 and a 200 day moving average price of $11.75. TripAdvisor, Inc. has a 12 month low of $9.01 and a 12 month high of $20.16. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 145.81, a price-to-earnings-growth ratio of 2.93 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 (NASDAQ:TRIP) last issued its quarterly earnings data on Thursday, May 7th. The travel company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.08). The business had revenue of $382.40 million for the quarter, compared to analysts’ expectations of $384.69 million. TripAdvisor had a return on equity of 5.73% and a net margin of 0.99%.The company’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 earnings per share. Sell-side analysts expect that TripAdvisor, Inc. will post 0.69 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Barclays dropped their price target on shares of TripAdvisor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Monday, May 11th. BTIG Research downgraded shares of TripAdvisor from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 21st. Wedbush upped their target price on shares of TripAdvisor from $19.00 to $20.00 and gave the company an “outperform” rating in a report on Tuesday, June 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of TripAdvisor in a research report on Friday, May 15th. Finally, UBS Group cut their price target on shares of TripAdvisor from $16.00 to $13.70 and set a “neutral” rating on the stock in a research note on Monday, April 27th. 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $14.76.

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 shares were sold at an average price of $12.30, for a total transaction of $98,400.00. Following the completion of the sale, the chief executive officer owned 34,396 shares in the company, valued at approximately $423,070.80. This represents a 18.87% decrease in their ownership of the stock. The sale was disclosed in a filing 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.

TripAdvisor 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.