Raymond James Financial Inc. bought a new position in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 203,747 shares of the travel company's stock, valued at approximately $3,009,000. Raymond James Financial Inc. owned about 0.15% of Tripadvisor at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. True Wealth Design LLC purchased a new stake in shares of Tripadvisor during the third quarter worth about $27,000. Bogart Wealth LLC acquired a new stake in Tripadvisor in the 4th quarter worth approximately $30,000. Blue Trust Inc. grew its position in Tripadvisor by 204.4% during the 4th quarter. Blue Trust Inc. now owns 2,298 shares of the travel company's stock worth $33,000 after purchasing an additional 1,543 shares during the last quarter. GAMMA Investing LLC increased its stake in Tripadvisor by 204.7% during the 4th quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company's stock valued at $54,000 after purchasing an additional 2,469 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Tripadvisor in the fourth quarter worth $58,000. 98.99% of the stock is owned by institutional investors and hedge funds.
Tripadvisor Price Performance
Shares of TRIP stock traded up $0.08 during trading hours on Monday, hitting $14.17. 2,514,074 shares of the company's stock were exchanged, compared to its average volume of 2,385,622. The firm has a 50 day moving average of $15.87 and a two-hundred day moving average of $15.06. Tripadvisor, Inc. has a fifty-two week low of $12.93 and a fifty-two week high of $28.64. The firm has a market cap of $1.99 billion, a P/E ratio of 708.85, a P/E/G ratio of 9.01 and a beta of 1.35. The company has a quick ratio of 1.85, a current ratio of 2.10 and a debt-to-equity ratio of 0.93.
Tripadvisor (NASDAQ:TRIP - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The travel company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.08). The company had revenue of $411.00 million for the quarter, compared to analysts' expectations of $400.02 million. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. Sell-side analysts forecast that Tripadvisor, Inc. will post 0.46 EPS for the current year.
Analyst Ratings Changes
Several research firms recently issued reports on TRIP. Wedbush reissued a "neutral" rating and issued a $17.00 target price on shares of Tripadvisor in a research report on Thursday, December 19th. B. Riley decreased their price objective on shares of Tripadvisor from $20.00 to $18.00 and set a "neutral" rating for the company in a research note on Monday, March 10th. Cantor Fitzgerald cut their price objective on shares of Tripadvisor from $14.00 to $13.00 and set an "underweight" rating on the stock in a research note on Friday, February 21st. UBS Group reissued a "neutral" rating on shares of Tripadvisor in a report on Tuesday, February 4th. Finally, StockNews.com raised shares of Tripadvisor from a "hold" rating to a "buy" rating in a report on Monday, February 24th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $17.57.
Get Our Latest Analysis on TRIP
Tripadvisor Company Profile
(
Free Report)
TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.
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