TripAdvisor, Inc. $TRIP Shares Purchased by Cygnus Capital Advisors LLC

by · The Cerbat Gem

Cygnus Capital Advisors LLC grew its holdings in TripAdvisor, Inc. (NASDAQ:TRIP – Free Report) by 28.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 365,683 shares of the travel company’s stock after acquiring an additional 81,570 shares during the period. TripAdvisor accounts for approximately 3.4% of Cygnus Capital Advisors LLC’s holdings, making the stock its 10th largest position. Cygnus Capital Advisors LLC owned about 0.31% of TripAdvisor worth $5,014,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of TripAdvisor by 29.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,998 shares of the travel company’s stock valued at $1,162,000 after purchasing an additional 18,699 shares during 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 valued at $85,000 after buying an additional 5,916 shares in the last quarter. Empowered Funds LLC lifted its position in shares of TripAdvisor by 14.2% in the first quarter. Empowered Funds LLC now owns 13,475 shares of the travel company’s stock worth $191,000 after buying an additional 1,676 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of TripAdvisor by 8.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 297,532 shares of the travel company’s stock worth $4,216,000 after buying an additional 22,136 shares during the last quarter. Finally, Creative Planning bought a new stake in shares of TripAdvisor during the 2nd quarter worth about $349,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. B. Riley Financial lowered their price objective on TripAdvisor from $13.00 to $12.50 and set a “neutral” rating on the stock in a report on Monday, August 10th. BTIG Research cut TripAdvisor from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 21st. Barclays lowered their price target on TripAdvisor from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Monday, May 11th. JPMorgan Chase & Co. dropped their price target on shares of TripAdvisor from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Friday, August 7th. Finally, Wedbush boosted their price objective on shares of TripAdvisor from $19.00 to $20.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 16th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, TripAdvisor has a consensus rating of “Reduce” and a consensus target price of $14.12.

Check Out Our Latest Analysis on TripAdvisor

Insider Activity at TripAdvisor

In other news, CEO Almir Ambeskovic sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $9.45, for a total transaction of $75,600.00. Following the sale, the chief executive officer directly owned 30,456 shares in the company, valued at approximately $287,809.20. The trade was a 20.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.00% of the company’s stock.

TripAdvisor Price Performance

NASDAQ:TRIP opened at $9.32 on Tuesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.56 and a quick ratio of 1.56. TripAdvisor, Inc. has a one year low of $9.01 and a one year high of $20.16. The company has a fifty day moving average price of $12.27 and a 200 day moving average price of $11.35. The stock has a market cap of $1.09 billion, a P/E ratio of 932.93, a PEG ratio of 3.47 and a beta of 0.83.

TripAdvisor (NASDAQ:TRIP – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The travel company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.03). TripAdvisor had a return on equity of 4.23% and a net margin of 0.28%.The company had revenue of $385.30 million during the quarter, compared to analyst estimates of $506.27 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. The business’s revenue for the quarter was down 7.2% on a year-over-year basis. Analysts anticipate that TripAdvisor, Inc. will post 0.36 earnings per share for the current year.

About TripAdvisor

(Free Report)

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.

Further Reading

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