Clark Estates Inc. NY Reduces Stake in Tripadvisor, Inc. (NASDAQ:TRIP)

Clark Estates Inc. NY lessened its holdings in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 10.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 193,173 shares of the travel company's stock after selling 23,407 shares during the period. Clark Estates Inc. NY owned about 0.14% of Tripadvisor worth $2,853,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. True Wealth Design LLC purchased a new position in Tripadvisor during the 3rd quarter valued at about $27,000. Capital Performance Advisors LLP purchased a new position in Tripadvisor during the 3rd quarter valued at about $28,000. Bogart Wealth LLC purchased a new position in Tripadvisor during the 4th quarter valued at about $30,000. Blue Trust Inc. grew its holdings in shares of Tripadvisor by 204.4% during the 4th quarter. Blue Trust Inc. now owns 2,298 shares of the travel company's stock worth $33,000 after acquiring an additional 1,543 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Tripadvisor by 204.7% during the 4th quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company's stock worth $54,000 after acquiring an additional 2,469 shares during the period. Hedge funds and other institutional investors own 98.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TRIP. Cantor Fitzgerald reduced their target price on Tripadvisor from $14.00 to $13.00 and set an "underweight" rating on the stock in a report on Friday, February 21st. UBS Group reiterated a "neutral" rating on shares of Tripadvisor in a report on Tuesday, February 4th. StockNews.com upgraded Tripadvisor from a "hold" rating to a "buy" rating in a report on Monday, February 24th. DA Davidson reiterated a "neutral" rating and set a $16.00 target price on shares of Tripadvisor in a report on Thursday, February 20th. Finally, Wedbush reiterated a "neutral" rating and set a $17.00 target price on shares of Tripadvisor in a report on Thursday, December 19th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $17.71.

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Tripadvisor Stock Up 1.6 %

TRIP stock traded up $0.22 during midday trading on Friday, hitting $14.17. The company's stock had a trading volume of 2,908,737 shares, compared to its average volume of 2,694,578. The company has a market cap of $1.99 billion, a PE ratio of 708.85, a P/E/G ratio of 9.01 and a beta of 1.35. Tripadvisor, Inc. has a 12 month low of $12.93 and a 12 month high of $28.76. The company has a current ratio of 2.10, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. The firm's 50-day moving average is $16.07 and its 200-day moving average is $15.02.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The travel company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.08). The business had revenue of $411.00 million during the quarter, compared to the consensus estimate of $400.02 million. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. On average, equities research analysts forecast that Tripadvisor, Inc. will post 0.46 earnings per share for the current fiscal year.

About Tripadvisor

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.