130,662 Shares in TripAdvisor, Inc. $TRIP Bought by IMA Advisory Services Inc.

IMA Advisory Services Inc. purchased a new position in shares of TripAdvisor, Inc. (NASDAQ:TRIP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 130,662 shares of the travel company’s stock, valued at approximately $1,902,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRIP. Vestcor Inc bought a new stake in shares of TripAdvisor in the 4th quarter worth about $95,000. State of Wyoming increased its position in shares of TripAdvisor by 123.4% in the 4th quarter. State of Wyoming now owns 8,234 shares of the travel company’s stock worth $120,000 after purchasing an additional 4,548 shares during the last quarter. Essex Financial Services Inc. increased its position in shares of TripAdvisor by 4.5% in the 4th quarter. Essex Financial Services Inc. now owns 17,864 shares of the travel company’s stock worth $260,000 after purchasing an additional 776 shares during the last quarter. Hillsdale Investment Management Inc. increased its position in shares of TripAdvisor by 20.4% in the 4th quarter. Hillsdale Investment Management Inc. now owns 465,900 shares of the travel company’s stock worth $6,784,000 after purchasing an additional 78,800 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of TripAdvisor by 13.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,812 shares of the travel company’s stock worth $143,000 after purchasing an additional 1,126 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

TripAdvisor Stock Performance

NASDAQ TRIP opened at $11.86 on Monday. TripAdvisor, Inc. has a one year low of $9.01 and a one year high of $20.16. The company has a 50-day simple moving average of $10.76 and a 200-day simple moving average of $12.07. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market capitalization of $1.38 billion, a PE ratio of 118.61, a price-to-earnings-growth ratio of 2.33 and a beta of 0.90.

TripAdvisor (NASDAQ:TRIP) last posted 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). The business had revenue of $382.40 million during the quarter, compared to analyst estimates of $384.69 million. TripAdvisor had a net margin of 0.99% and a return on equity of 5.73%. The company’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period last year, the firm posted $0.14 earnings per share. On average, equities analysts forecast that TripAdvisor, Inc. will post 0.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Cantor Fitzgerald set a $10.00 target price on shares of TripAdvisor and gave the stock an “underweight” rating in a research report on Friday, February 13th. DA Davidson dropped their target price on shares of TripAdvisor from $11.00 to $10.50 and set a “neutral” rating for the company in a research report on Monday, May 18th. UBS Group decreased their price target on shares of TripAdvisor from $16.00 to $13.70 and set a “neutral” rating for the company in a report on Monday, April 27th. Wedbush initiated coverage on shares of TripAdvisor in a report on Tuesday, June 2nd. They issued an “outperform” rating and a $19.00 price target for the company. Finally, Bank of America raised shares of TripAdvisor from a “neutral” rating to a “buy” rating and lifted their price target for the company from $14.00 to $15.00 in a report on Friday, March 27th. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, TripAdvisor presently has a consensus rating of “Hold” and an average price target of $14.76.

Insider Transactions at TripAdvisor

In other TripAdvisor news, CEO Almir Ambeskovic sold 8,000 shares of the business’s 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 transaction, the chief executive officer directly owned 34,396 shares of the company’s stock, valued at $423,070.80. The trade was a 18.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.10% of the stock is owned by insiders.

About TripAdvisor

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.