FIL Ltd decreased its position in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 10.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,485,849 shares of the travel company's stock after selling 497,685 shares during the quarter. FIL Ltd owned approximately 3.22% of Tripadvisor worth $66,256,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Bogart Wealth LLC purchased a new position in shares of Tripadvisor in the fourth quarter valued at about $30,000. Blue Trust Inc. boosted its stake in Tripadvisor by 204.4% in the 4th quarter. Blue Trust Inc. now owns 2,298 shares of the travel company's stock worth $33,000 after purchasing an additional 1,543 shares during the period. Aster Capital Management DIFC Ltd grew its holdings in Tripadvisor by 83.8% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company's stock valued at $50,000 after buying an additional 1,557 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Tripadvisor by 204.7% during the fourth quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company's stock valued at $54,000 after buying an additional 2,469 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Tripadvisor in the fourth quarter worth $58,000. Institutional investors own 98.99% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. B. Riley cut their target price on shares of Tripadvisor from $20.00 to $18.00 and set a "neutral" rating for the company in a research note on Monday, March 10th. StockNews.com raised Tripadvisor from a "hold" rating to a "buy" rating in a report on Monday, February 24th. DA Davidson reiterated a "neutral" rating and issued a $16.00 target price on shares of Tripadvisor in a research report on Thursday, February 20th. Cantor Fitzgerald cut their price target on Tripadvisor from $14.00 to $13.00 and set an "underweight" rating for the company in a report on Friday, February 21st. Finally, UBS Group reaffirmed a "neutral" rating on shares of Tripadvisor in a report on Tuesday, February 4th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $17.29.
Get Our Latest Report on Tripadvisor
Tripadvisor Stock Up 0.7 %
TRIP stock traded up $0.08 on Tuesday, hitting $11.79. 432,910 shares of the company's stock were exchanged, compared to its average volume of 2,452,320. The stock has a market cap of $1.66 billion, a P/E ratio of 589.79, a price-to-earnings-growth ratio of 9.01 and a beta of 1.25. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 2.10. The firm has a 50 day moving average price of $14.59 and a two-hundred day moving average price of $14.88. Tripadvisor, Inc. has a 12-month low of $10.43 and a 12-month high of $27.63.
Tripadvisor (NASDAQ:TRIP - Get Free Report) last issued its quarterly 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 return on equity of 9.02% and a net margin of 0.33%. The firm had revenue of $411.00 million for the quarter, compared to analyst estimates of $400.02 million. As a group, equities research analysts expect that Tripadvisor, Inc. will post 0.46 EPS for the current fiscal year.
Tripadvisor Company Profile
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Free Report)
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.
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