SG Americas Securities LLC Sells 292,461 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

SG Americas Securities LLC lessened its holdings in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 39.6% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 446,270 shares of the travel company’s stock after selling 292,461 shares during the period. SG Americas Securities LLC owned 0.32% of Tripadvisor worth $6,324,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in TRIP. Ameriprise Financial Inc. grew its holdings in shares of Tripadvisor by 179.5% during the fourth quarter. Ameriprise Financial Inc. now owns 4,412,426 shares of the travel company’s stock worth $65,172,000 after purchasing an additional 2,833,528 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Tripadvisor by 40.1% during the fourth quarter. AQR Capital Management LLC now owns 3,364,542 shares of the travel company’s stock worth $49,694,000 after purchasing an additional 962,262 shares during the last quarter. Toronado Partners LLC bought a new position in Tripadvisor in the fourth quarter valued at about $10,533,000. Gotham Asset Management LLC boosted its holdings in Tripadvisor by 170.6% in the fourth quarter. Gotham Asset Management LLC now owns 1,073,773 shares of the travel company’s stock valued at $15,860,000 after acquiring an additional 676,977 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Tripadvisor by 20.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,633,866 shares of the travel company’s stock valued at $53,674,000 after acquiring an additional 615,519 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Mizuho upgraded Tripadvisor to a “hold” rating in a report on Friday, April 18th. DA Davidson raised their price target on Tripadvisor from $16.00 to $16.25 and gave the company a “neutral” rating in a report on Thursday, May 29th. Citigroup assumed coverage on Tripadvisor in a report on Wednesday, May 28th. They issued a “neutral” rating and a $16.00 price target on the stock. Cantor Fitzgerald decreased their price target on Tripadvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Friday, February 21st. Finally, UBS Group raised their price target on Tripadvisor from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Tripadvisor presently has a consensus rating of “Hold” and a consensus target price of $17.27.

Tripadvisor Trading Down 0.8%

NASDAQ:TRIP opened at $14.00 on Friday. Tripadvisor, Inc. has a 1-year low of $10.43 and a 1-year high of $18.74. The business’s 50-day moving average price is $13.39 and its two-hundred day moving average price is $14.51. The company has a current ratio of 2.10, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 700.35, a PEG ratio of 9.01 and a beta of 1.32.

Tripadvisor (NASDAQ:TRIP) last released its earnings results on Wednesday, May 7th. The travel company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.09. Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. The firm had revenue of $398.00 million for the quarter, compared to analyst estimates of $386.94 million. During the same quarter in the prior year, the firm posted $0.12 earnings per share. The company’s quarterly revenue was up .8% on a year-over-year basis. On average, equities analysts expect that Tripadvisor, Inc. will post 0.46 earnings per share for the current year.

Insider Transactions at Tripadvisor

In other news, CEO Almir Ambeskovic sold 16,643 shares of the firm’s stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $15.33, for a total transaction of $255,137.19. Following the sale, the chief executive officer now owns 15,931 shares of the company’s stock, valued at $244,222.23. This trade represents a 51.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.10% of the stock is currently owned by insiders.

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.