Tripadvisor INC (TRIP) Shareholder Great Lakes Advisors LLC Has Boosted Stake by $24.74 Million

October 13, 2018 - By Darrin Black

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. Utah Retirement Systems has 0.02% invested in TripAdvisor, Inc. (NASDAQ:TRIP). Deutsche Savings Bank Ag reported 233,911 shares. United Capital Advisers Ltd Liability Co reported 4,608 shares stake. D E Shaw Inc has 2.47M shares for 0.18% of their portfolio. First Trust Advisors Limited Partnership accumulated 2.64M shares. Moreover, Howe & Rusling has 0% invested in TripAdvisor, Inc. (NASDAQ:TRIP). Aqr Cap Management Ltd Co has invested 0.01% in TripAdvisor, Inc. (NASDAQ:TRIP). Miura Global Ltd Company holds 1.97% of its portfolio in TripAdvisor, Inc. (NASDAQ:TRIP) for 150,000 shares. Srs Invest Limited Liability holds 4.84M shares or 5.03% of its portfolio. Td Asset Management owns 0% invested in TripAdvisor, Inc. (NASDAQ:TRIP) for 31,298 shares. Ny State Teachers Retirement Systems reported 0.02% of its portfolio in TripAdvisor, Inc. (NASDAQ:TRIP). Sei holds 280,087 shares. Raymond James Assocs invested in 41,996 shares. Principal Fin Gp invested in 0.01% or 155,746 shares. State Bank Of America De has 304,713 shares for 0% of their portfolio.

Since May 15, 2018, it had 0 insider purchases, and 5 insider sales for $1.05 million activity. TEUNISSEN ERNST 02494 sold $477,378 worth of stock or 8,308 shares. 5,235 shares were sold by Kalvert Seth J, worth $300,803 on Friday, June 15. Another trade for 3,497 shares valued at $199,749 was sold by Nishar Dipchand.

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 2.14 million 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 $5.40 billion and $4.27 billion US Long portfolio, decreased its stake in Abbott Labs (NYSE:ABT) by 418,277 shares to 783,728 shares, valued at $47.80M in 2018Q2, according to the filing. It also reduced its holding in Apple Inc Com (NASDAQ:AAPL) by 213,859 shares in the quarter, leaving it with 398,094 shares, and cut its stake in Harley Davidson Inc (NYSE:HOG).

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. Guggenheim downgraded the stock to “Sell” rating in Wednesday, May 16 report. Needham upgraded TripAdvisor, Inc. (NASDAQ:TRIP) on Friday, August 3 to “Hold” rating. Macquarie Research upgraded the stock to “Buy” rating in Wednesday, May 16 report. The firm has “Hold” rating given on Tuesday, May 8 by Deutsche Bank. The firm has “Overweight” rating by Barclays Capital given on Monday, August 6. The firm has “Overweight” rating given on Wednesday, July 11 by Barclays Capital. Guggenheim downgraded TripAdvisor, Inc. (NASDAQ:TRIP) on Friday, May 25 to “Sell” rating. As per Tuesday, July 31, the company rating was maintained by Deutsche Bank. Wedbush maintained the stock with “Hold” rating in Thursday, May 10 report. The stock of TripAdvisor, Inc. (NASDAQ:TRIP) has “Hold” rating given on Friday, August 3 by Stifel Nicolaus.

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

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