Barclays PLC cut its holdings in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 58.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 58,024 shares of the travel company's stock after selling 82,599 shares during the quarter. Barclays PLC's holdings in Tripadvisor were worth $841,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. True Wealth Design LLC acquired a new position in Tripadvisor during the third quarter worth $27,000. Capital Performance Advisors LLP purchased a new stake in shares of Tripadvisor in the 3rd quarter valued at $28,000. Future Financial Wealth Managment LLC acquired a new position in Tripadvisor during the 3rd quarter worth about $43,000. Quest Partners LLC boosted its holdings in Tripadvisor by 14,244.4% during the 2nd quarter. Quest Partners LLC now owns 2,582 shares of the travel company's stock valued at $46,000 after acquiring an additional 2,564 shares during the period. Finally, KBC Group NV boosted its holdings in Tripadvisor by 65.3% during the 3rd quarter. KBC Group NV now owns 4,499 shares of the travel company's stock valued at $65,000 after acquiring an additional 1,777 shares during the period. 98.99% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the stock. Wedbush reissued a "neutral" rating and issued a $17.00 price objective on shares of Tripadvisor in a research note on Thursday, December 19th. StockNews.com cut shares of Tripadvisor from a "buy" rating to a "hold" rating in a research report on Wednesday. Truist Financial cut their price objective on Tripadvisor from $21.00 to $17.00 and set a "hold" rating on the stock in a research report on Wednesday, September 4th. TD Cowen lifted their target price on Tripadvisor from $15.00 to $20.00 and gave the company a "hold" rating in a report on Thursday, November 7th. Finally, Citigroup lowered their target price on Tripadvisor from $20.00 to $16.00 and set a "neutral" rating for the company in a research note on Tuesday, September 24th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Tripadvisor currently has a consensus rating of "Hold" and a consensus price target of $17.50.
Read Our Latest Stock Report on TRIP
Tripadvisor Stock Down 0.9 %
Shares of NASDAQ:TRIP traded down $0.13 during trading on Wednesday, hitting $14.77. 1,690,515 shares of the company were exchanged, compared to its average volume of 2,345,713. The firm's 50 day moving average price is $14.55 and its 200-day moving average price is $15.25. Tripadvisor, Inc. has a 12-month low of $12.93 and a 12-month 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. The stock has a market capitalization of $2.06 billion, a P/E ratio of 64.22, a PEG ratio of 9.35 and a beta of 1.36.
Tripadvisor (NASDAQ:TRIP - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.06. The firm had revenue of $532.00 million during the quarter, compared to analysts' expectations of $527.86 million. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. Tripadvisor's quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.35 earnings per share. On average, research analysts predict that Tripadvisor, Inc. will post 0.37 earnings per share for the current fiscal year.
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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