Boussard & Gavaudan Investment Management LLP increased its position in Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 5.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 375,668 shares of the travel company's stock after buying an additional 19,980 shares during the period. Boussard & Gavaudan Investment Management LLP owned about 0.27% of Tripadvisor worth $5,597,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in Tripadvisor by 4.8% in 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 buying an additional 55,115 shares during the period. Citigroup Inc. boosted its position in shares of Tripadvisor by 34.4% in the third quarter. Citigroup Inc. now owns 258,119 shares of the travel company's stock worth $3,740,000 after acquiring an additional 66,042 shares during the last quarter. Cerity Partners LLC grew its holdings in Tripadvisor by 154.1% in the third 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 period. Blueshift Asset Management LLC acquired a new position in Tripadvisor during the third quarter worth approximately $299,000. Finally, FORA Capital LLC purchased a new position in Tripadvisor during the third quarter worth approximately $777,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the stock. UBS Group reissued a "neutral" rating on shares of Tripadvisor in a research report on Tuesday, February 4th. StockNews.com upgraded shares of Tripadvisor from a "hold" rating to a "buy" rating in a research note on Monday, February 24th. DA Davidson reissued a "neutral" rating and issued a $16.00 target price on shares of Tripadvisor in a research note on Thursday, February 20th. Wedbush reaffirmed a "neutral" rating and set a $17.00 price target on shares of Tripadvisor in a research report on Thursday, December 19th. Finally, B. Riley lowered their price target on Tripadvisor from $20.00 to $18.00 and set a "neutral" rating for the company in a report on Monday, March 10th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Tripadvisor presently has an average rating of "Hold" and an average price target of $17.57.
Check Out Our Latest Report on TRIP
Tripadvisor Stock Up 0.7 %
Shares of TRIP stock traded up $0.11 during mid-day trading on Monday, reaching $14.20. 1,656,341 shares of the company were exchanged, compared to its average volume of 2,383,483. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 2.10. The business's 50 day simple moving average is $15.87 and its 200 day simple moving average is $15.06. The company has a market capitalization of $1.99 billion, a P/E ratio of 709.05, a P/E/G ratio of 9.01 and a beta of 1.35. Tripadvisor, Inc. has a fifty-two week low of $12.93 and a fifty-two week high of $28.64.
Tripadvisor (NASDAQ:TRIP - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The travel company reported $0.13 earnings per share 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 analyst estimates of $400.02 million. Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. Research analysts predict that Tripadvisor, Inc. will post 0.46 earnings per share for the current year.
Tripadvisor Profile
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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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