In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Tripadvisor Inc. (NASDAQ:TRIP) reported that Baillie Gifford & Co has picked up 4,261,832 of common stock as of 2017-05-08.
The acquisition brings the aggregate amount owned by Baillie Gifford & Co to a total of 4,261,832 representing less than 3.32% stake in the company.
For those not familiar with the company, 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. The Non-Hotel segment includes Attractions, Restaurants and Vacation Rentals businesses. The Company’s platform also enables users to compare real-time pricing and availability for these experiences, as well as to book hotels, flights, cruises, vacation rentals, tours, activities and attractions, and restaurants, on either a TripAdvisor site or application, or a travel partner site or application. As of December 31, 2016, the Company’s TripAdvisor-branded Websites included tripadvisor.com in the United States and localized versions of the TripAdvisor Website in 48 markets and 28 languages around the world.
A glance at Tripadvisor Inc. (NASDAQ:TRIP)’s key stats reveals a current market capitalization of 6.56 Billion based on 131.31 Million shares outstanding and a price at last close of $46.17 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-06-25, Liberty picked up 1 at a purchase price of $88.95. This brings their total holding to 1 as of the date of the filing.
On the sell side, the most recent transaction saw Seidenberg unload 614 shares at a sale price of $43.61. This brings their total holding to 0.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Tripadvisor Inc. (NASDAQ:TRIP) as things move forward to see if its progress aligns with these transactions.
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