Algert Global LLC Trims Stake in Tripadvisor, Inc. (NASDAQ:TRIP)

Algert Global LLC trimmed its position in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 83.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,896 shares of the travel company's stock after selling 318,327 shares during the quarter. Algert Global LLC's holdings in Tripadvisor were worth $926,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Cerity Partners LLC grew its holdings in Tripadvisor by 154.1% during the 3rd quarter. Cerity Partners LLC now owns 36,493 shares of the travel company's stock valued at $529,000 after purchasing an additional 22,133 shares during the last quarter. Citigroup Inc. grew its holdings in Tripadvisor by 34.4% during the 3rd quarter. Citigroup Inc. now owns 258,119 shares of the travel company's stock valued at $3,740,000 after purchasing an additional 66,042 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Tripadvisor by 4.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,199,339 shares of the travel company's stock valued at $17,378,000 after purchasing an additional 55,115 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Tripadvisor by 167.6% during the 3rd quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company's stock valued at $73,431,000 after purchasing an additional 3,173,817 shares during the last quarter. Finally, Landscape Capital Management L.L.C. bought a new position in Tripadvisor during the 3rd quarter valued at about $2,788,000. Hedge funds and other institutional investors own 98.99% of the company's stock.

Tripadvisor Stock Performance

Tripadvisor stock traded up $0.23 during mid-day trading on Friday, reaching $14.33. 1,046,086 shares of the company traded hands, compared to its average volume of 2,318,552. The firm's fifty day moving average is $14.83 and its two-hundred day moving average is $15.93. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 62.30, a price-to-earnings-growth ratio of 9.85 and a beta of 1.37. Tripadvisor, Inc. has a fifty-two week low of $12.93 and a fifty-two week high of $28.76. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.85 and a quick ratio of 1.85.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TRIP shares. StockNews.com downgraded shares of Tripadvisor from a "buy" rating to a "hold" rating in a report on Friday, November 8th. Citigroup lowered their price objective on shares of Tripadvisor from $20.00 to $16.00 and set a "neutral" rating for the company in a research report on Tuesday, September 24th. The Goldman Sachs Group lowered their price objective on shares of Tripadvisor from $27.00 to $24.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. lowered their price objective on shares of Tripadvisor from $17.00 to $14.00 and set an "underweight" rating for the company in a research report on Wednesday, August 7th. Finally, Wedbush reaffirmed a "neutral" rating and issued a $17.00 price target (up previously from $16.00) on shares of Tripadvisor in a research report on Thursday, November 7th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tripadvisor presently has an average rating of "Hold" and a consensus target price of $18.33.

Tripadvisor Company 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.