17,720 Shares in Tripadvisor, Inc. (NASDAQ:TRIP) Bought by Essex Financial Services Inc.

Essex Financial Services Inc. acquired a new stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 17,720 shares of the travel company's stock, valued at approximately $262,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. grew its position in shares of Tripadvisor by 204.4% in the 4th quarter. Blue Trust Inc. now owns 2,298 shares of the travel company's stock valued at $33,000 after buying an additional 1,543 shares during the last quarter. KBC Group NV lifted its stake in shares of Tripadvisor by 65.3% in the third quarter. KBC Group NV now owns 4,499 shares of the travel company's stock worth $65,000 after acquiring an additional 1,777 shares during the period. True Wealth Design LLC acquired a new position in shares of Tripadvisor in the third quarter worth approximately $27,000. Capital Performance Advisors LLP bought a new stake in Tripadvisor in the third quarter valued at approximately $28,000. Finally, GAMMA Investing LLC increased its position in Tripadvisor by 204.7% during the 4th quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company's stock valued at $54,000 after purchasing an additional 2,469 shares during the period. Institutional investors own 98.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TRIP. Cantor Fitzgerald decreased their price objective on shares of Tripadvisor from $12.00 to $11.00 and set an "underweight" rating for the company in a research report on Thursday, November 7th. StockNews.com downgraded Tripadvisor from a "buy" rating to a "hold" rating in a report on Thursday, January 9th. UBS Group lowered their price objective on Tripadvisor from $18.00 to $17.00 and set a "neutral" rating for the company in a research report on Thursday, November 7th. Wedbush restated a "neutral" rating and set a $17.00 target price on shares of Tripadvisor in a research report on Thursday, December 19th. Finally, B. Riley lifted their target price on Tripadvisor from $19.00 to $20.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $17.50.

Tripadvisor Stock Performance

TRIP traded up $0.06 during midday trading on Monday, reaching $17.81. The company had a trading volume of 2,063,983 shares, compared to its average volume of 2,446,722. Tripadvisor, Inc. has a 12-month low of $12.93 and a 12-month high of $28.76. The business has a 50-day moving average price of $15.75 and a two-hundred day moving average price of $14.96. The stock has a market cap of $2.48 billion, a PE ratio of 77.44, a P/E/G ratio of 9.54 and a beta of 1.34. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85.

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.