Confluence Investment Management LLC Grows Stake in Tripadvisor, Inc. (NASDAQ:TRIP)

Confluence Investment Management LLC raised its stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 43.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 233,858 shares of the travel company's stock after buying an additional 70,960 shares during the period. Confluence Investment Management LLC owned about 0.17% of Tripadvisor worth $3,454,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. KBC Group NV lifted its position in shares of 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 buying an additional 1,777 shares in the last quarter. True Wealth Design LLC purchased a new position in Tripadvisor during the third quarter valued at $27,000. Capital Performance Advisors LLP purchased a new position in Tripadvisor during the third quarter valued at $28,000. Quest Partners LLC grew its position in shares of Tripadvisor by 14,244.4% in the second quarter. Quest Partners LLC now owns 2,582 shares of the travel company's stock valued at $46,000 after purchasing an additional 2,564 shares during the period. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of Tripadvisor during the third quarter worth about $43,000. Institutional investors and hedge funds own 98.99% of the company's stock.

Tripadvisor Stock Performance

Shares of Tripadvisor stock remained flat at $14.99 during trading on Friday. 1,893,164 shares of the stock were exchanged, compared to its average volume of 1,811,532. The stock has a fifty day moving average price of $14.53 and a 200-day moving average price of $15.23. Tripadvisor, Inc. has a fifty-two week low of $12.93 and a fifty-two week high of $28.76. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 65.18, a PEG ratio of 9.35 and a beta of 1.33. 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 (NASDAQ:TRIP - Get Free Report) last announced its earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.06. The business 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 business's quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.35 earnings per share. On average, analysts predict that Tripadvisor, Inc. will post 0.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TRIP. StockNews.com lowered Tripadvisor from a "buy" rating to a "hold" rating in a research note on Wednesday. Citigroup lowered their target price 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. B. Riley increased their target price on shares of Tripadvisor from $19.00 to $20.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Cantor Fitzgerald decreased their price target on shares of Tripadvisor from $12.00 to $11.00 and set an "underweight" rating on the stock in a research note on Thursday, November 7th. Finally, DA Davidson reaffirmed a "neutral" rating and set a $16.00 price objective on shares of Tripadvisor in a research note on Thursday, December 19th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Tripadvisor has an average rating of "Hold" and a consensus target price of $17.50.

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.