Edgestream Partners L.P. Makes New Investment in Tripadvisor, Inc. (NASDAQ:TRIP)

Edgestream Partners L.P. bought a new position in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 39,210 shares of the travel company's stock, valued at approximately $579,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its position in Tripadvisor by 167.6% during the 3rd quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company's stock worth $73,431,000 after buying an additional 3,173,817 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Tripadvisor by 679.5% in the fourth quarter. SG Americas Securities LLC now owns 738,731 shares of the travel company's stock worth $10,911,000 after purchasing an additional 643,963 shares during the period. Lightrock Netherlands B.V. acquired a new position in shares of Tripadvisor during the 4th quarter worth $7,607,000. Boussard & Gavaudan Investment Management LLP bought a new stake in shares of Tripadvisor during the third quarter worth $5,159,000. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Tripadvisor by 15.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,566,342 shares of the travel company's stock worth $37,186,000 after purchasing an additional 334,961 shares during the last quarter. 98.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Wedbush reiterated a "neutral" rating and set a $17.00 price objective on shares of Tripadvisor in a research report on Thursday, December 19th. B. Riley reduced their price target on shares of Tripadvisor from $20.00 to $18.00 and set a "neutral" rating for the company in a report on Monday. DA Davidson reiterated a "neutral" rating and set a $16.00 price objective on shares of Tripadvisor in a report on Thursday, February 20th. Cantor Fitzgerald dropped their price objective on shares of Tripadvisor from $14.00 to $13.00 and set an "underweight" rating on the stock in a research note on Friday, February 21st. Finally, UBS Group reiterated a "neutral" rating on shares of Tripadvisor in a research note on Tuesday, February 4th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Tripadvisor presently has a consensus rating of "Hold" and an average price target of $17.57.

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Tripadvisor Price Performance

Shares of TRIP traded down $0.07 during trading hours on Thursday, reaching $13.68. 3,588,876 shares of the company's stock traded hands, compared to its average volume of 2,848,516. The firm's 50 day simple moving average is $15.99 and its 200-day simple moving average is $15.01. The stock has a market cap of $1.92 billion, a PE ratio of 684.34, a price-to-earnings-growth 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.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last released its earnings results on Thursday, February 20th. The travel company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.08). Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. The firm had revenue of $411.00 million during the quarter, compared to the consensus estimate of $400.02 million. Equities analysts expect that Tripadvisor, Inc. will post 0.46 EPS 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.