Connor Clark & Lunn Investment Management Ltd. Has $1.83 Million Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Connor Clark & Lunn Investment Management Ltd. lowered its position in shares of Tripadvisor, Inc. (NASDAQ:TRIPGet Rating) by 30.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 67,107 shares of the travel company’s stock after selling 29,914 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Tripadvisor were worth $1,829,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allianz Asset Management GmbH grew its holdings in Tripadvisor by 19.2% during the third quarter. Allianz Asset Management GmbH now owns 2,504,205 shares of the travel company’s stock valued at $84,768,000 after purchasing an additional 403,202 shares during the period. Arizona State Retirement System grew its holdings in Tripadvisor by 1.9% during the third quarter. Arizona State Retirement System now owns 27,045 shares of the travel company’s stock valued at $915,000 after purchasing an additional 508 shares during the period. ARK Investment Management LLC acquired a new position in Tripadvisor during the fourth quarter valued at approximately $195,000. Point72 Hong Kong Ltd acquired a new position in Tripadvisor during the third quarter valued at approximately $682,000. Finally, Contrarius Investment Management Ltd grew its holdings in Tripadvisor by 356.3% during the fourth quarter. Contrarius Investment Management Ltd now owns 335,266 shares of the travel company’s stock valued at $9,139,000 after purchasing an additional 261,796 shares during the period. Hedge funds and other institutional investors own 82.89% of the company’s stock.

A number of brokerages have weighed in on TRIP. Credit Suisse Group cut their price target on shares of Tripadvisor from $36.00 to $30.00 and set a “neutral” rating on the stock in a research note on Friday, February 18th. Mizuho cut their price target on shares of Tripadvisor from $36.00 to $30.00 in a research note on Friday, February 18th. Citigroup cut their price objective on shares of Tripadvisor from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Monday, May 9th. Zacks Investment Research raised shares of Tripadvisor from a “sell” rating to a “hold” rating and set a $26.00 price target on the stock in a research report on Wednesday, April 27th. Finally, StockNews.com began coverage on shares of Tripadvisor in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Tripadvisor presently has an average rating of “Hold” and an average target price of $35.00.

TRIP stock opened at $24.77 on Friday. The firm has a 50-day moving average price of $25.38 and a 200-day moving average price of $27.04. The stock has a market capitalization of $3.43 billion, a P/E ratio of -33.93 and a beta of 1.35. Tripadvisor, Inc. has a 12 month low of $20.25 and a 12 month high of $44.99. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.17.

Tripadvisor (NASDAQ:TRIPGet Rating) last issued its quarterly earnings data on Wednesday, May 4th. The travel company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). The business had revenue of $262.00 million during the quarter, compared to the consensus estimate of $249.70 million. Tripadvisor had a negative net margin of 9.80% and a negative return on equity of 12.01%. The firm’s quarterly revenue was up 113.0% compared to the same quarter last year. During the same quarter last year, the business earned ($0.56) EPS. As a group, equities analysts predict that Tripadvisor, Inc. will post 0.28 EPS for the current fiscal year.

In other Tripadvisor news, Director Gregory B. Maffei acquired 50,000 shares of the company’s stock in a transaction that occurred on Friday, March 4th. The stock was acquired at an average price of $22.38 per share, for a total transaction of $1,119,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.50% of the stock is owned by company insiders.

About Tripadvisor (Get Rating)

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotels, Media & Platform; and Experiences & Dining. The company operates TripAdvisor-branded websites, including tripadvisor.com in the United States; and localized versions of the website in 40 markets and 20 languages.

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Institutional Ownership by Quarter for Tripadvisor (NASDAQ:TRIP)

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