Fiera Capital Corp Has $38.54 Million Position in Tripadvisor Inc (TRIP)

Fiera Capital Corp lowered its position in Tripadvisor Inc (NASDAQ:TRIP) by 2.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 714,552 shares of the travel company’s stock after selling 19,634 shares during the period. Fiera Capital Corp’s holdings in Tripadvisor were worth $38,543,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in TRIP. Strs Ohio grew its stake in shares of Tripadvisor by 34.1% in the 3rd quarter. Strs Ohio now owns 6,326 shares of the travel company’s stock valued at $323,000 after buying an additional 1,609 shares during the period. Russell Investments Group Ltd. lifted its position in Tripadvisor by 11.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 191,691 shares of the travel company’s stock valued at $9,795,000 after acquiring an additional 18,974 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Tripadvisor by 175.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 99,706 shares of the travel company’s stock valued at $5,092,000 after acquiring an additional 63,507 shares in the last quarter. Chicago Equity Partners LLC bought a new position in Tripadvisor in the 3rd quarter valued at about $452,000. Finally, Daiwa Securities Group Inc. lifted its position in Tripadvisor by 43.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 58,541 shares of the travel company’s stock valued at $2,989,000 after acquiring an additional 17,751 shares in the last quarter. 87.39% of the stock is owned by hedge funds and other institutional investors.

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Tripadvisor stock opened at $52.32 on Wednesday. Tripadvisor Inc has a 52 week low of $36.75 and a 52 week high of $69.00. The company has a market cap of $7.56 billion, a price-to-earnings ratio of 49.83, a PEG ratio of 3.39 and a beta of 1.49.

Tripadvisor (NASDAQ:TRIP) last posted its earnings results on Tuesday, February 12th. The travel company reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.12. Tripadvisor had a net margin of 7.00% and a return on equity of 9.27%. The firm had revenue of $346.00 million for the quarter, compared to analysts’ expectations of $342.90 million. During the same quarter last year, the firm earned $0.06 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, sell-side analysts forecast that Tripadvisor Inc will post 1.26 earnings per share for the current year.

In other Tripadvisor news, insider Dermot Halpin sold 17,655 shares of Tripadvisor stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $56.69, for a total transaction of $1,000,861.95. Following the transaction, the insider now owns 21,791 shares of the company’s stock, valued at approximately $1,235,331.79. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Ernst 02494 Teunissen sold 15,418 shares of Tripadvisor stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $53.08, for a total transaction of $818,387.44. Following the transaction, the chief financial officer now directly owns 12,668 shares in the company, valued at approximately $672,417.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,729 shares of company stock worth $2,627,528. Insiders own 3.10% of the company’s stock.

Several equities analysts recently weighed in on TRIP shares. Zacks Investment Research raised shares of Tripadvisor from a “hold” rating to a “strong-buy” rating and set a $72.00 price target on the stock in a research report on Saturday, November 17th. DA Davidson raised their price target on shares of Tripadvisor to $62.00 and gave the company a “neutral” rating in a research report on Friday, November 9th. They noted that the move was a valuation call. UBS Group cut shares of Tripadvisor from a “neutral” rating to a “sell” rating and raised their price target for the company from $47.00 to $50.00 in a research report on Friday, November 9th. Piper Jaffray Companies raised their price target on shares of Tripadvisor to $58.00 and gave the company a “neutral” rating in a research report on Wednesday, February 13th. Finally, Bank of America raised their price target on shares of Tripadvisor from $38.00 to $43.00 and gave the company an “underperform” rating in a research report on Thursday, November 8th. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $56.63.

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Tripadvisor Company Profile

TripAdvisor, Inc operates as an online travel company. The company operates in two segments, Hotel and Non-Hotel. Its travel platform aggregates reviews and opinions of members about destinations, accommodations, activities and attractions, and restaurants, which enables users to research and plan their travel experiences, as well as book hotels, flights, cruises, vacation rentals, tours, activities and attractions, and restaurant reservations on its site or mobile app, or on the site or app of travel partner sites.

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