Tripadvisor (TRIP) Shareholder 683 Capital Management Has Lowered Its Position as Stock Rose; Bank Of America (BAC) Share Value Declined While First Dallas Securities Raised Stake

April 19, 2018 - By Louis Casey

TripAdvisor, Inc. (NASDAQ:TRIP) Logo

First Dallas Securities Inc increased its stake in Bank Of America Corp (BAC) by 31.46% based on its latest 2017Q4 regulatory filing with the SEC. First Dallas Securities Inc bought 29,251 shares as the company’s stock declined 1.20% with the market. The institutional investor held 122,227 shares of the major banks company at the end of 2017Q4, valued at $3.61 million, up from 92,976 at the end of the previous reported quarter. First Dallas Securities Inc who had been investing in Bank Of America Corp for a number of months, seems to be bullish on the $303.95B market cap company. The stock increased 0.67% or $0.199 during the last trading session, reaching $29.729. About 4.93M shares traded. Bank of America Corporation (NYSE:BAC) has risen 28.18% since April 19, 2017 and is uptrending. It has outperformed by 16.63% the S&P500.

683 Capital Management Llc decreased its stake in Tripadvisor Inc (TRIP) by 13.67% based on its latest 2017Q4 regulatory filing with the SEC. 683 Capital Management Llc sold 41,000 shares as the company’s stock rose 16.66% while stock markets declined. The hedge fund held 259,000 shares of the technology company at the end of 2017Q4, valued at $8.93 million, down from 300,000 at the end of the previous reported quarter. 683 Capital Management Llc who had been investing in Tripadvisor Inc for a number of months, seems to be less bullish one the $5.81 billion market cap company. The stock decreased 0.71% or $0.3 during the last trading session, reaching $41.8. About 29,037 shares traded. TripAdvisor, Inc. (NASDAQ:TRIP) has declined 5.46% since April 19, 2017 and is downtrending. It has underperformed by 17.01% the S&P500.

683 Capital Management Llc, which manages about $566.08 million and $1.19 billion US Long portfolio, upped its stake in Select Sector Spdr Tr (Put) (XLU) by 100,000 shares to 500,000 shares, valued at $26.34M in 2017Q4, according to the filing. It also increased its holding in Fate Therapeutics Inc (NASDAQ:FATE) by 175,000 shares in the quarter, for a total of 853,800 shares, and has risen its stake in Carvana Co (Call).

Since December 18, 2017, it had 0 buys, and 3 insider sales for $1.51 million activity. TEUNISSEN ERNST 02494 also sold $378,280 worth of TripAdvisor, Inc. (NASDAQ:TRIP) shares. $11,937 worth of stock was sold by Nishar Dipchand on Monday, December 18.

Among 33 analysts covering TripAdvisor LLC (NASDAQ:TRIP), 0 have Buy rating, 7 Sell and 26 Hold. Therefore 0 are positive. TripAdvisor LLC had 87 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Cowen & Co on Friday, July 14 with “Sell”. Barclays Capital maintained the stock with “Hold” rating in Friday, February 16 report. Jefferies maintained TripAdvisor, Inc. (NASDAQ:TRIP) on Thursday, September 28 with “Sell” rating. The rating was maintained by Piper Jaffray on Thursday, December 10 with “Overweight”. Cowen & Co maintained it with “Hold” rating and $4200 target in Thursday, August 10 report. Guggenheim downgraded the stock to “Neutral” rating in Friday, November 6 report. The rating was maintained by Jefferies with “Hold” on Monday, June 12. The rating was upgraded by Cowen & Co on Wednesday, July 19 to “Market Perform”. RBC Capital Markets maintained it with “Hold” rating and $34.0 target in Monday, November 13 report. UBS maintained the stock with “Neutral” rating in Friday, May 6 report.

Investors sentiment increased to 1.24 in 2017 Q4. Its up 0.30, from 0.94 in 2017Q3. It increased, as 58 investors sold TRIP shares while 73 reduced holdings. 47 funds opened positions while 116 raised stakes. 115.06 million shares or 4.24% less from 120.15 million shares in 2017Q3 were reported. Dupont Management stated it has 0% of its portfolio in TripAdvisor, Inc. (NASDAQ:TRIP). San Francisco Sentry Invest Grp (Ca) holds 93 shares. Intact stated it has 6,300 shares. Old Mutual Customised Solutions (Proprietary) holds 0% of its portfolio in TripAdvisor, Inc. (NASDAQ:TRIP) for 1,000 shares. Td Asset Inc invested in 125,574 shares or 0.01% of the stock. Marathon Asset Mgmt Limited Liability Partnership stated it has 343,919 shares. Artisan Prns LP holds 0.18% in TripAdvisor, Inc. (NASDAQ:TRIP) or 2.68 million shares. Rhumbline Advisers owns 192,122 shares. Thompson Davis & Co Inc invested 0.02% of its portfolio in TripAdvisor, Inc. (NASDAQ:TRIP). Cornerstone Capital Limited Liability owns 20,386 shares for 0% of their portfolio. Davenport Co Limited Liability Corp invested in 0.31% or 741,159 shares. Moreover, Gulf Intll Bancorporation (Uk) has 0.02% invested in TripAdvisor, Inc. (NASDAQ:TRIP). Moreover, Sumitomo Mitsui Trust has 0.01% invested in TripAdvisor, Inc. (NASDAQ:TRIP). Macquarie Group holds 0.17% or 2.73 million shares in its portfolio. X Mgmt Limited Company reported 3,968 shares stake.

Analysts await TripAdvisor, Inc. (NASDAQ:TRIP) to report earnings on May, 8 after the close. They expect $0.05 earnings per share, down 68.75% or $0.11 from last year’s $0.16 per share. TRIP’s profit will be $6.95M for 209.00 P/E if the $0.05 EPS becomes a reality. After $-0.08 actual earnings per share reported by TripAdvisor, Inc. for the previous quarter, Wall Street now forecasts -162.50% EPS growth.

Investors sentiment increased to 1.19 in 2017 Q4. Its up 0.15, from 1.04 in 2017Q3. It improved, as 66 investors sold BAC shares while 561 reduced holdings. 162 funds opened positions while 585 raised stakes. 6.85 billion shares or 0.98% less from 6.91 billion shares in 2017Q3 were reported. Northcoast Asset Mngmt Limited Liability Corporation invested 1.91% of its portfolio in Bank of America Corporation (NYSE:BAC). Moreover, Heritage Wealth Advsrs has 0.41% invested in Bank of America Corporation (NYSE:BAC) for 32,780 shares. Loews has 0.03% invested in Bank of America Corporation (NYSE:BAC) for 163,448 shares. Boston Partners holds 2.44% in Bank of America Corporation (NYSE:BAC) or 70.17M shares. Heritage Investors Corporation holds 1.1% or 619,564 shares in its portfolio. Umb Fincl Bank N A Mo invested 0.08% in Bank of America Corporation (NYSE:BAC). Franklin Street Nc holds 24,239 shares. Bbr Partners Ltd accumulated 9,464 shares. Markston Intl Ltd Liability Com owns 788,278 shares or 2.4% of their US portfolio. Pinnacle Wealth Management Advisory Group Incorporated Limited Co, a New Jersey-based fund reported 7,089 shares. Bbva Compass Bank & Trust holds 0.33% or 173,891 shares. Bnp Paribas Arbitrage reported 5.69 million shares. Fagan Assocs Inc has invested 2.76% of its portfolio in Bank of America Corporation (NYSE:BAC). Sit Invest holds 1.04% or 1.48 million shares. Usca Ria Limited Liability reported 105,528 shares.

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 112 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets with “Hold” on Wednesday, May 31. The firm earned “Buy” rating on Tuesday, September 1 by KBW. The firm earned “Outperform” rating on Thursday, August 10 by Wells Fargo. The firm earned “Buy” rating on Tuesday, June 6 by Keefe Bruyette & Woods. The stock of Bank of America Corporation (NYSE:BAC) has “Hold” rating given on Friday, September 29 by Robert W. Baird. Bruyette & Woods” upgraded the stock to “Mkt Perform” rating in Monday, August 24 report. The firm earned “Market Perform” rating on Monday, May 16 by Keefe Bruyette & Woods. On Wednesday, April 4 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The firm has “Buy” rating by Nomura given on Tuesday, July 18. Deutsche Bank downgraded the stock to “Hold” rating in Tuesday, November 8 report.

First Dallas Securities Inc, which manages about $186.05 million and $157.27 million US Long portfolio, decreased its stake in Hodges Sm Cap Fd (HDPSX) by 614,768 shares to 60,291 shares, valued at $1.17 million in 2017Q4, according to the filing. It also reduced its holding in Tex Pac Land Tr Sub Sh (NYSE:TPL) by 927 shares in the quarter, leaving it with 31,528 shares, and cut its stake in Trinity Industries Inc (NYSE:TRN).

Bank of America Corporation (NYSE:BAC) Institutional Positions Chart

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