Hsbc Holdings PLC Purchases New Holdings in TripAdvisor, Inc. $TRIP

Hsbc Holdings PLC acquired a new position in TripAdvisor, Inc. (NASDAQ:TRIP) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 280,028 shares of the travel company’s stock, valued at approximately $3,883,000. Hsbc Holdings PLC owned about 0.24% of TripAdvisor at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of TRIP. Essex Financial Services Inc. lifted its stake in shares of TripAdvisor by 4.5% during the fourth quarter. Essex Financial Services Inc. now owns 17,864 shares of the travel company’s stock valued at $260,000 after acquiring an additional 776 shares during the period. Acorn Financial Advisory Services Inc. ADV raised its holdings in TripAdvisor by 1.3% during the 4th quarter. Acorn Financial Advisory Services Inc. ADV now owns 64,053 shares of the travel company’s stock worth $933,000 after purchasing an additional 847 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in TripAdvisor by 13.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,812 shares of the travel company’s stock valued at $143,000 after purchasing an additional 1,126 shares during the period. Illinois Municipal Retirement Fund boosted its stake in shares of TripAdvisor by 2.0% in the 1st quarter. Illinois Municipal Retirement Fund now owns 61,011 shares of the travel company’s stock valued at $650,000 after purchasing an additional 1,216 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of TripAdvisor by 3.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,142 shares of the travel company’s stock worth $614,000 after buying an additional 1,395 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Insider Activity

In other TripAdvisor 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 completion of the sale, the chief executive officer directly owned 34,396 shares in the company, valued at $423,070.80. This represents a 18.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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. 2.00% of the stock is owned by company insiders.

TripAdvisor Trading Up 0.8%

TRIP opened at $9.87 on Friday. The firm’s fifty day moving average is $12.70 and its two-hundred day moving average is $11.42. The firm has a market cap of $1.16 billion, a PE ratio of 987.99, a price-to-earnings-growth ratio of 3.67 and a beta of 0.86. TripAdvisor, Inc. has a twelve month low of $9.01 and a twelve month high of $20.16. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.56 and a current ratio of 1.56.

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings data on Thursday, August 6th. The travel company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The firm had revenue of $385.30 million during the quarter, compared to the consensus estimate of $506.27 million. TripAdvisor had a net margin of 0.28% and a return on equity of 4.23%. TripAdvisor’s quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.46 EPS. Equities research analysts anticipate that TripAdvisor, Inc. will post 0.36 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on TRIP. BTIG Research downgraded shares of TripAdvisor from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 21st. DA Davidson lifted their target price on shares of TripAdvisor from $10.50 to $15.50 and gave the stock a “neutral” rating in a report on Monday, June 15th. Cantor Fitzgerald dropped 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 Friday, August 7th. Weiss Ratings reissued a “sell (d)” rating on shares of TripAdvisor in a research note on Wednesday, August 12th. Finally, Barclays cut their target price on TripAdvisor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Monday, May 11th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $14.12.

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.