Dakota Wealth Management Makes New Investment in Tripadvisor, Inc. (NASDAQ:TRIP)

Dakota Wealth Management acquired a new position in Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 71,325 shares of the travel company's stock, valued at approximately $1,053,000. Dakota Wealth Management owned about 0.05% of Tripadvisor as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in Tripadvisor by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,733,746 shares of the travel company's stock worth $48,686,000 after purchasing an additional 95,138 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in Tripadvisor in the second quarter worth about $926,000. Public Sector Pension Investment Board increased its holdings in Tripadvisor by 8.0% during the second quarter. Public Sector Pension Investment Board now owns 239,281 shares of the travel company's stock valued at $4,262,000 after buying an additional 17,678 shares during the last quarter. Marshall Wace LLP raised its holdings in Tripadvisor by 883.4% in the 2nd quarter. Marshall Wace LLP now owns 653,436 shares of the travel company's stock worth $11,638,000 after purchasing an additional 586,990 shares during the period. Finally, AQR Capital Management LLC lifted its position in shares of Tripadvisor by 53.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,375,868 shares of the travel company's stock valued at $41,364,000 after buying an additional 822,712 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TRIP has been the subject of a number of research analyst reports. Wedbush reaffirmed a "neutral" rating and set a $17.00 price objective on shares of Tripadvisor in a report on Thursday, December 19th. B. Riley lifted their target price on Tripadvisor from $19.00 to $20.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. UBS Group cut their price objective on Tripadvisor from $18.00 to $17.00 and set a "neutral" rating on the stock in a research report on Thursday, November 7th. Cantor Fitzgerald lowered their price objective on shares of Tripadvisor from $12.00 to $11.00 and set an "underweight" rating for the company in a research note on Thursday, November 7th. Finally, TD Cowen raised their price target on shares of Tripadvisor from $15.00 to $20.00 and gave the company a "hold" rating in a report on Thursday, November 7th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Tripadvisor has a consensus rating of "Hold" and a consensus target price of $17.50.

Tripadvisor Stock Performance

Shares of Tripadvisor stock traded down $0.27 during trading on Friday, hitting $17.66. 3,817,380 shares of the stock were exchanged, compared to its average volume of 1,917,552. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85. The stock's fifty day moving average is $14.56 and its 200 day moving average is $15.01. The stock has a market cap of $2.46 billion, a PE ratio of 76.79, a P/E/G ratio of 8.59 and a beta of 1.33. Tripadvisor, Inc. has a 12 month low of $12.93 and a 12 month high of $28.76.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.06. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. The company had revenue of $532.00 million during the quarter, compared to analyst estimates of $527.86 million. During the same quarter last year, the firm posted $0.35 EPS. The business's revenue for the quarter was down .2% on a year-over-year basis. As a group, sell-side analysts anticipate that Tripadvisor, Inc. will post 0.36 EPS for the current year.

Tripadvisor Profile

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.