Clal Insurance Enterprises Holdings Ltd Invests $1.17 Million in TripAdvisor, Inc. $TRIP

Clal Insurance Enterprises Holdings Ltd bought a new position in TripAdvisor, Inc. (NASDAQ:TRIP) in the 4th quarter, HoldingsChannel reports. The fund bought 80,000 shares of the travel company’s stock, valued at approximately $1,165,000.

Several other hedge funds and other institutional investors have also modified their holdings of TRIP. Smartleaf Asset Management LLC boosted its position 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 buying an additional 705 shares during the period. Tower Research Capital LLC TRC boosted its position 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 buying an additional 3,078 shares during the period. CIBC Private Wealth Group LLC acquired a new stake in shares of TripAdvisor in the third quarter worth $58,000. State of Wyoming acquired a new stake in shares of TripAdvisor in the third quarter worth $60,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of TripAdvisor by 376.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,127 shares of the travel company’s stock worth $67,000 after buying an additional 4,052 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

TripAdvisor Price Performance

Shares of NASDAQ:TRIP opened at $12.41 on Friday. 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, Inc. has a 1 year low of $9.01 and a 1 year high of $20.16. The business has a fifty day simple moving average of $10.92 and a 200 day simple moving average of $12.01. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 124.11, a P/E/G ratio of 2.34 and a beta of 0.90.

TripAdvisor (NASDAQ:TRIP) last announced 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). TripAdvisor had a return on equity of 5.73% and a net margin of 0.99%.The firm had revenue of $382.40 million for the quarter, compared to analysts’ expectations of $384.69 million. During the same quarter in the prior year, the business posted $0.14 earnings per share. TripAdvisor’s revenue was down 4.0% on a year-over-year basis. As a group, sell-side analysts predict that TripAdvisor, Inc. will post 0.69 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Almir Ambeskovic sold 8,000 shares of the stock in a transaction on Tuesday, June 2nd. The stock was 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 directly owned 34,396 shares in the company, valued at approximately $423,070.80. This trade 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 accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 3.10% of the company’s stock.

Analyst Ratings Changes

TRIP has been the subject of several recent analyst reports. B. Riley Financial decreased their target price on TripAdvisor from $18.00 to $13.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. UBS Group decreased their target price on TripAdvisor from $16.00 to $13.70 and set a “neutral” rating for the company in a research report on Monday, April 27th. Zacks Research cut TripAdvisor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. DA Davidson decreased their target price on TripAdvisor from $11.00 to $10.50 and set a “neutral” rating for the company in a research report on Monday, May 18th. Finally, Wedbush initiated coverage on TripAdvisor in a research report on Tuesday, June 2nd. They issued an “outperform” rating and a $19.00 target price for the company. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $14.76.

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.