Charles Schwab Investment Management Inc. Increases Stake in Tripadvisor, Inc. (NASDAQ:TRIP)

Charles Schwab Investment Management Inc. raised its stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 4.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,199,339 shares of the travel company's stock after acquiring an additional 55,115 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.87% of Tripadvisor worth $17,378,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TRIP. Pacer Advisors Inc. lifted its stake in Tripadvisor by 167.6% during the third quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company's stock worth $73,431,000 after purchasing an additional 3,173,817 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new position in Tripadvisor in the 3rd quarter valued at about $2,788,000. Royce & Associates LP increased its stake in Tripadvisor by 75.7% during the third quarter. Royce & Associates LP now owns 57,090 shares of the travel company's stock worth $827,000 after purchasing an additional 24,591 shares during the period. KBC Group NV lifted its position in shares of Tripadvisor by 65.3% during the third quarter. KBC Group NV now owns 4,499 shares of the travel company's stock worth $65,000 after purchasing an additional 1,777 shares in the last quarter. Finally, GSA Capital Partners LLP grew its holdings in shares of Tripadvisor by 544.8% in the third quarter. GSA Capital Partners LLP now owns 111,044 shares of the travel company's stock valued at $1,609,000 after purchasing an additional 93,822 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on TRIP. Citigroup dropped their price target on shares of Tripadvisor from $20.00 to $16.00 and set a "neutral" rating for the company in a research note on Tuesday, September 24th. B. Riley boosted their price objective on Tripadvisor from $19.00 to $20.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Truist Financial decreased their price target on shares of Tripadvisor from $21.00 to $17.00 and set a "hold" rating for the company in a research note on Wednesday, September 4th. StockNews.com raised shares of Tripadvisor from a "hold" rating to a "buy" rating in a research report on Friday. Finally, TD Cowen boosted their target price on shares of Tripadvisor from $15.00 to $20.00 and gave the stock a "hold" rating in a research note on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $18.33.

Tripadvisor Price Performance

TRIP stock traded up $0.26 on Friday, reaching $14.33. The company had a trading volume of 1,226,886 shares, compared to its average volume of 1,951,359. The company's fifty day moving average is $14.79 and its 200 day moving average is $15.75. The company has a market cap of $2.00 billion, a P/E ratio of 62.30, a PEG ratio of 10.17 and a beta of 1.36. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85. Tripadvisor, Inc. has a 1 year low of $12.93 and a 1 year 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 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.06. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. The business had revenue of $532.00 million for the quarter, compared to analyst estimates of $527.86 million. During the same quarter last year, the company earned $0.35 earnings per share. The business's revenue for the quarter was down .2% compared to the same quarter last year. On average, research analysts forecast that Tripadvisor, Inc. will post 0.36 earnings per share 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.