Great Lakes Advisors LLC Has Boosted Its Position in Tripadvisor INC (TRIP) as Share Price Declined

October 13, 2018 - By Adrian Erickson

TripAdvisor, Inc. (NASDAQ:TRIP) LogoInvestors sentiment increased to 1.24 in 2018 Q2. Its up 0.19, from 1.05 in 2018Q1. It increased, as 23 investors sold TRIP shares while 109 reduced holdings. 73 funds opened positions while 91 raised stakes. 114.02 million shares or 4.32% less from 119.17 million shares in 2018Q1 were reported. Jane Street Group Inc Ltd Liability Com holds 80,535 shares. The British Columbia – Canada-based Numerixs Invest Inc has invested 0.03% in TripAdvisor, Inc. (NASDAQ:TRIP). Sun Life Fincl Incorporated holds 291 shares. 105,413 are owned by River & Mercantile Asset Mgmt Llp. Texas Permanent School Fund reported 0.02% in TripAdvisor, Inc. (NASDAQ:TRIP). Wells Fargo Mn reported 225,836 shares. Etrade Capital Ltd reported 0.03% stake. Dupont Cap Management invested in 0% or 1,424 shares. Ellington Management Ltd Liability Co accumulated 13,000 shares or 0.05% of the stock. Hartford Inv Mgmt owns 12,221 shares. Brinker Capital Incorporated owns 13,742 shares. Strs Ohio holds 0% or 4,717 shares in its portfolio. Manufacturers Life The holds 118,294 shares. Howe & Rusling holds 37 shares. 15,208 are held by Us State Bank De.

Since May 15, 2018, it had 0 insider purchases, and 5 sales for $1.05 million activity. Another trade for 728 shares valued at $35,002 was sold by Watson Noel Bertram. TEUNISSEN ERNST 02494 also sold $477,378 worth of TripAdvisor, Inc. (NASDAQ:TRIP) shares. Nishar Dipchand also sold $199,749 worth of TripAdvisor, Inc. (NASDAQ:TRIP) shares.

Great Lakes Advisors Llc increased its stake in Tripadvisor Inc (TRIP) by 547.18% based on its latest 2018Q2 regulatory filing with the SEC. Great Lakes Advisors Llc bought 449,751 shares as the company’s stock declined 9.68% while stock markets rallied. The institutional investor held 531,946 shares of the technology company at the end of 2018Q2, valued at $29.64 million, up from 82,195 at the end of the previous reported quarter. Great Lakes Advisors Llc who had been investing in Tripadvisor Inc for a number of months, seems to be bullish on the $6.24 billion market cap company. The stock increased 1.57% or $0.7 during the last trading session, reaching $45.35. About 2.14M shares traded or 9.13% up from the average. TripAdvisor, Inc. (NASDAQ:TRIP) has risen 14.12% since October 13, 2017 and is uptrending. It has underperformed by 1.50% the S&P500.

Great Lakes Advisors Llc, which manages about $5.40B and $4.27B US Long portfolio, decreased its stake in Chubb Limited Com by 85,407 shares to 576,319 shares, valued at $73.20M in 2018Q2, according to the filing. It also reduced its holding in Diamondback Energy Inc (NASDAQ:FANG) by 85,781 shares in the quarter, leaving it with 4,965 shares, and cut its stake in Exxon Mobil Corp (NYSE:XOM).

TripAdvisor, Inc. (NASDAQ:TRIP) Ratings Coverage

Among 7 analysts covering TripAdvisor (NASDAQ:TRIP), 2 have Buy rating, 1 Sell and 4 Hold. Therefore 29% are positive. TripAdvisor had 10 analyst reports since May 8, 2018 according to SRatingsIntel. Macquarie Research upgraded TripAdvisor, Inc. (NASDAQ:TRIP) on Wednesday, May 16 to “Buy” rating. Wedbush maintained the shares of TRIP in report on Thursday, May 10 with “Hold” rating. The stock of TripAdvisor, Inc. (NASDAQ:TRIP) earned “Overweight” rating by Barclays Capital on Monday, August 6. On Tuesday, July 31 the stock rating was maintained by Deutsche Bank with “Hold”. The rating was upgraded by Barclays Capital on Wednesday, July 11 to “Overweight”. The firm has “Sell” rating by Guggenheim given on Friday, May 25. Deutsche Bank maintained TripAdvisor, Inc. (NASDAQ:TRIP) rating on Tuesday, May 8. Deutsche Bank has “Hold” rating and $41 target. The firm has “Hold” rating given on Friday, August 3 by Stifel Nicolaus. Guggenheim downgraded it to “Sell” rating and $4000 target in Wednesday, May 16 report. As per Friday, August 3, the company rating was upgraded by Needham.

TripAdvisor, Inc. (NASDAQ:TRIP) Institutional Positions Chart

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