Toronado Partners LLC Acquires 54,042 Shares of TripAdvisor, Inc. $TRIP

Toronado Partners LLC increased its holdings in TripAdvisor, Inc. (NASDAQ:TRIP) by 5.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 990,649 shares of the travel company’s stock after purchasing an additional 54,042 shares during the period. TripAdvisor makes up 9.2% of Toronado Partners LLC’s portfolio, making the stock its 4th biggest position. Toronado Partners LLC’s holdings in TripAdvisor were worth $12,928,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC boosted its holdings in TripAdvisor by 86.9% during the first quarter. Smartleaf Asset Management LLC now owns 3,055 shares of the travel company’s stock valued at $43,000 after purchasing an additional 1,420 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of TripAdvisor by 419.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,893 shares of the travel company’s stock worth $55,000 after buying an additional 3,144 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in TripAdvisor by 376.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,127 shares of the travel company’s stock valued at $67,000 after buying an additional 4,052 shares in the last quarter. Quarry LP boosted its stake in TripAdvisor by 571.0% in the 1st quarter. Quarry LP now owns 5,697 shares of the travel company’s stock valued at $81,000 after buying an additional 4,848 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in TripAdvisor by 1,183.2% in the first quarter. Jones Financial Companies Lllp now owns 6,416 shares of the travel company’s stock valued at $85,000 after acquiring an additional 5,916 shares during the period. Institutional investors own 98.99% of the company’s stock.

Analyst Ratings Changes

TRIP has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of TripAdvisor in a report on Tuesday. Barclays dropped their target price on shares of TripAdvisor from $14.00 to $13.00 and set an “underweight” rating for the company in a research report on Friday, November 7th. UBS Group reissued a “neutral” rating on shares of TripAdvisor in a report on Sunday, August 10th. Citigroup upped their price objective on shares of TripAdvisor from $16.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday, August 18th. Finally, B. Riley cut their target price on shares of TripAdvisor from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $16.66.

Insiders Place Their Bets

In other TripAdvisor news, insider Seth J. Kalvert sold 10,880 shares of the company’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $20.04, for a total transaction of $218,035.20. Following the transaction, the insider owned 136,914 shares of the company’s stock, valued at approximately $2,743,756.56. This represents a 7.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.10% of the stock is owned by company insiders.

TripAdvisor Stock Up 0.2%

Shares of NASDAQ TRIP opened at $14.88 on Friday. TripAdvisor, Inc. has a 12-month low of $10.43 and a 12-month high of $20.16. The firm’s 50-day simple moving average is $15.72 and its 200 day simple moving average is $16.00. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.37. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 30.99, a price-to-earnings-growth ratio of 2.49 and a beta of 1.21.

TripAdvisor (NASDAQ:TRIP) last announced its earnings results on Thursday, November 6th. The travel company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. TripAdvisor had a net margin of 3.53% and a return on equity of 12.40%. The company had revenue of $553.00 million during the quarter, compared to the consensus estimate of $562.92 million. During the same period in the previous year, the firm posted $0.50 earnings per share. The company’s revenue was up 3.9% on a year-over-year basis. On average, research analysts expect that TripAdvisor, Inc. will post 0.46 earnings per share for the current fiscal year.

TripAdvisor Profile

TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.