PNC Financial Services Group Inc. Sells 4,375 Shares of TripAdvisor, Inc. $TRIP

PNC Financial Services Group Inc. trimmed its position in TripAdvisor, Inc. (NASDAQ:TRIP) by 25.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,011 shares of the travel company’s stock after selling 4,375 shares during the period. PNC Financial Services Group Inc.’s holdings in TripAdvisor were worth $170,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its holdings in shares of 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 acquiring an additional 1,420 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in TripAdvisor by 419.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,893 shares of the travel company’s stock valued at $55,000 after purchasing an additional 3,144 shares during the period. Quarry LP increased its stake in TripAdvisor by 571.0% during the 1st quarter. Quarry LP now owns 5,697 shares of the travel company’s stock valued at $81,000 after purchasing an additional 4,848 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in TripAdvisor by 1,183.2% during the first quarter. Jones Financial Companies Lllp now owns 6,416 shares of the travel company’s stock worth $85,000 after buying an additional 5,916 shares during the last quarter. Finally, Atlas Capital Advisors Inc. bought a new position in shares of TripAdvisor in the first quarter valued at $128,000. Institutional investors own 98.99% of the company’s stock.

Insiders Place Their Bets

In related news, insider Seth J. Kalvert sold 10,880 shares of the firm’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $20.04, for a total transaction of $218,035.20. Following the completion of the sale, the insider owned 136,914 shares in the company, valued at approximately $2,743,756.56. This trade represents a 7.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.10% of the company’s stock.

Analysts Set New Price Targets

TRIP has been the subject of several recent research reports. UBS Group reissued a “neutral” rating on shares of TripAdvisor in a research report on Sunday, August 10th. Mizuho set a $17.00 price objective on TripAdvisor and gave the stock a “neutral” rating in a report on Friday, November 14th. Barclays lowered their price objective on TripAdvisor from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Friday, November 7th. Citigroup lifted their target price on TripAdvisor from $16.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday, August 18th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of TripAdvisor in a research report on Tuesday. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $16.66.

TripAdvisor Stock Performance

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

TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Thursday, November 6th. The travel company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. TripAdvisor had a return on equity of 12.40% and a net margin of 3.53%.The firm had revenue of $553.00 million during the quarter, compared to the consensus estimate of $562.92 million. During the same quarter in the prior year, the company earned $0.50 EPS. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, sell-side analysts forecast that TripAdvisor, Inc. will post 0.46 earnings per share for the current year.

About TripAdvisor

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.