Barclays PLC lessened its stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 58.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of TRIP. Pacer Advisors Inc. raised its position in Tripadvisor by 167.6% in 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. River Road Asset Management LLC boosted its stake in shares of Tripadvisor by 33.3% during the third quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company's stock worth $53,179,000 after buying an additional 917,689 shares during the period. AQR Capital Management LLC grew its holdings in shares of Tripadvisor by 53.0% during the second quarter. AQR Capital Management LLC now owns 2,375,868 shares of the travel company's stock worth $41,364,000 after buying an additional 822,712 shares during the last quarter. U S Global Investors Inc. increased its position in Tripadvisor by 71.8% in the 3rd quarter. U S Global Investors Inc. now owns 1,512,548 shares of the travel company's stock valued at $21,917,000 after acquiring an additional 632,353 shares during the period. Finally, Stanley Capital Management LLC purchased a new stake in Tripadvisor during the 2nd quarter valued at approximately $11,142,000. Institutional investors and hedge funds own 98.99% of the company's stock.
Analysts Set New Price Targets
Several research analysts have weighed in on TRIP shares. B. Riley lifted their target price on Tripadvisor from $19.00 to $20.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. StockNews.com cut shares of Tripadvisor from a "buy" rating to a "hold" rating in a research note on Thursday, January 9th. Cantor Fitzgerald reduced their target price 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. Citigroup dropped their price target on shares of Tripadvisor from $20.00 to $16.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 24th. Finally, Wedbush restated a "neutral" rating and issued a $17.00 price objective on shares of Tripadvisor in a research report on Thursday, December 19th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $17.50.
Read Our Latest Analysis on Tripadvisor
Tripadvisor Price Performance
Tripadvisor stock traded up $0.38 during trading hours on Thursday, hitting $15.64. The stock had a trading volume of 1,031,591 shares, compared to its average volume of 2,165,724. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 67.98, a PEG ratio of 7.65 and a beta of 1.33. 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, Inc. has a 1-year low of $12.93 and a 1-year high of $28.76. The stock's fifty day moving average is $14.32 and its two-hundred day moving average is $15.05.
Tripadvisor (NASDAQ:TRIP - Get Free Report) last posted its earnings results 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. The firm had revenue of $532.00 million during the quarter, compared to the consensus estimate of $527.86 million. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. The firm's revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the firm posted $0.35 EPS. As a group, analysts predict that Tripadvisor, Inc. will post 0.36 earnings per share for the current fiscal year.
About Tripadvisor
(
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.
Featured Articles
Before you consider Tripadvisor, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tripadvisor wasn't on the list.
While Tripadvisor currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
