Disciplined Growth Investors Inc. MN increased its stake in shares of TripAdvisor, Inc. (NASDAQ:TRIP) by 0.4% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 482,352 shares of the travel company’s stock after acquiring an additional 2,080 shares during the period. Disciplined Growth Investors Inc. MN owned approximately 0.35% of TripAdvisor worth $18,426,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in TRIP. UBS Asset Management Americas Inc. lifted its position in TripAdvisor by 11.2% during the 1st quarter. UBS Asset Management Americas Inc. now owns 316,945 shares of the travel company’s stock worth $13,679,000 after acquiring an additional 32,039 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in TripAdvisor by 7.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 5,303 shares of the travel company’s stock worth $229,000 after acquiring an additional 377 shares in the last quarter. Stifel Financial Corp lifted its position in TripAdvisor by 19.7% during the 1st quarter. Stifel Financial Corp now owns 32,258 shares of the travel company’s stock worth $1,405,000 after acquiring an additional 5,315 shares in the last quarter. Victory Capital Management Inc. lifted its position in TripAdvisor by 68.4% during the 1st quarter. Victory Capital Management Inc. now owns 19,304 shares of the travel company’s stock worth $833,000 after acquiring an additional 7,839 shares in the last quarter. Finally, Credit Agricole S A lifted its position in TripAdvisor by 2.7% during the 1st quarter. Credit Agricole S A now owns 54,877 shares of the travel company’s stock worth $2,368,000 after acquiring an additional 1,440 shares in the last quarter. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

TRIP has been the topic of several recent research reports. Barclays PLC reduced their price target on TripAdvisor from $52.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Monday, August 7th. Royal Bank Of Canada reissued a “hold” rating and set a $47.00 price target on shares of TripAdvisor in a research report on Monday, August 7th. Zacks Investment Research raised TripAdvisor from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Stifel Nicolaus reissued a “hold” rating on shares of TripAdvisor in a research report on Friday, July 28th. Finally, Wells Fargo & Company reissued a “hold” rating on shares of TripAdvisor in a research report on Thursday, July 27th. Nine equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $42.83.

In other news, insider Dermot Halpin sold 12,859 shares of the stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $39.09, for a total value of $502,658.31. Following the completion of the transaction, the insider now directly owns 5,364 shares of the company’s stock, valued at approximately $209,678.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.09% of the company’s stock.

Shares of TripAdvisor, Inc. (NASDAQ TRIP) traded down 0.33% during midday trading on Friday, hitting $39.40. The stock had a trading volume of 1,918,147 shares. TripAdvisor, Inc. has a 12-month low of $35.34 and a 12-month high of $65.56. The firm has a 50-day moving average of $42.64 and a 200 day moving average of $41.08. The firm has a market cap of $5.47 billion, a PE ratio of 59.61 and a beta of 2.38.

TripAdvisor (NASDAQ:TRIP) last issued its earnings results on Tuesday, August 8th. The travel company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.05). TripAdvisor had a return on equity of 8.62% and a net margin of 6.26%. The company had revenue of $424.00 million during the quarter, compared to analyst estimates of $421.66 million. During the same period in the previous year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 8.4% on a year-over-year basis. On average, analysts expect that TripAdvisor, Inc. will post $1.14 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Disciplined Growth Investors Inc. MN Buys 2,080 Shares of TripAdvisor, Inc. (TRIP)” was originally published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece of content can be viewed at https://theolympiareport.com/2017/10/14/disciplined-growth-investors-inc-mn-buys-2080-shares-of-tripadvisor-inc-trip.html.

TripAdvisor Profile

TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.

Want to see what other hedge funds are holding TRIP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TripAdvisor, Inc. (NASDAQ:TRIP).

Institutional Ownership by Quarter for TripAdvisor (NASDAQ:TRIP)

Receive News & Ratings for TripAdvisor Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TripAdvisor Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.