The Manufacturers Life Insurance Company Reduces Stock Holdings in Tripadvisor, Inc. (NASDAQ:TRIP)

The Manufacturers Life Insurance Company decreased its position in Tripadvisor, Inc. (NASDAQ:TRIP) by 49.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,605 shares of the travel company’s stock after selling 21,837 shares during the period. The Manufacturers Life Insurance Company’s holdings in Tripadvisor were worth $403,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Tripadvisor by 6.6% in the fourth quarter. Vanguard Group Inc. now owns 12,876,614 shares of the travel company’s stock valued at $277,233,000 after acquiring an additional 791,940 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Tripadvisor during the first quarter valued at approximately $83,000. Toth Financial Advisory Corp bought a new stake in Tripadvisor in the 1st quarter worth approximately $736,000. Oliver Luxxe Assets LLC grew its position in Tripadvisor by 35.7% in the 1st quarter. Oliver Luxxe Assets LLC now owns 34,178 shares of the travel company’s stock worth $950,000 after purchasing an additional 8,990 shares during the period. Finally, Oak Thistle LLC purchased a new position in shares of Tripadvisor during the 1st quarter worth $385,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analysts Set New Price Targets

TRIP has been the topic of a number of analyst reports. BMO Capital Markets lowered their target price on shares of Tripadvisor from $20.00 to $17.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 7th. The Goldman Sachs Group cut their price target on shares of Tripadvisor from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Wedbush reaffirmed a “neutral” rating and set a $21.00 target price on shares of Tripadvisor in a research report on Wednesday, August 7th. UBS Group dropped their price objective on shares of Tripadvisor from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Finally, B. Riley downgraded shares of Tripadvisor from a “buy” rating to a “neutral” rating and lowered their target price for the company from $26.00 to $19.00 in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $18.33.

Tripadvisor Stock Up 0.5 %

TRIP opened at $15.05 on Thursday. Tripadvisor, Inc. has a fifty-two week low of $12.93 and a fifty-two week high of $28.76. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.68 and a current ratio of 1.68. The company has a fifty day moving average of $14.22 and a two-hundred day moving average of $18.19. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 100.33, a PEG ratio of 2.21 and a beta of 1.39.

Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Tuesday, August 6th. The travel company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. Tripadvisor had a net margin of 1.32% and a return on equity of 11.81%. The business had revenue of $497.00 million for the quarter, compared to analyst estimates of $504.76 million. During the same quarter last year, the business earned $0.21 earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year. On average, research analysts expect that Tripadvisor, Inc. will post 0.37 earnings per share for the current year.

Tripadvisor Company 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.