Geode Capital Management LLC Has $26.59 Million Holdings in Tripadvisor, Inc. (NASDAQ:TRIP)

Geode Capital Management LLC lessened its stake in Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 1.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,799,793 shares of the travel company's stock after selling 23,120 shares during the period. Geode Capital Management LLC owned 1.29% of Tripadvisor worth $26,592,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TRIP. State Street Corp increased its stake in shares of Tripadvisor by 1.0% during the third quarter. State Street Corp now owns 3,457,661 shares of the travel company's stock valued at $50,102,000 after acquiring an additional 33,809 shares during the period. XTX Topco Ltd bought a new position in Tripadvisor during the 3rd quarter valued at $208,000. Public Employees Retirement System of Ohio raised its stake in shares of Tripadvisor by 7.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 52,534 shares of the travel company's stock worth $761,000 after buying an additional 3,604 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Tripadvisor in the third quarter valued at $201,000. Finally, Confluence Investment Management LLC boosted its stake in Tripadvisor by 43.6% during the fourth quarter. Confluence Investment Management LLC now owns 233,858 shares of the travel company's stock valued at $3,454,000 after buying an additional 70,960 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. DA Davidson reiterated a "neutral" rating and issued a $16.00 price target on shares of Tripadvisor in a research report on Thursday, February 20th. JPMorgan Chase & Co. decreased their price target on shares of Tripadvisor from $15.00 to $11.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. Cantor Fitzgerald reduced their price objective on Tripadvisor from $14.00 to $13.00 and set an "underweight" rating for the company in a research note on Friday, February 21st. StockNews.com upgraded Tripadvisor from a "hold" rating to a "buy" rating in a report on Monday, February 24th. Finally, B. Riley reduced their target price on Tripadvisor from $20.00 to $18.00 and set a "neutral" rating for the company in a report on Monday, March 10th. Three investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $17.29.

Tripadvisor Stock Up 7.2 %

Shares of NASDAQ TRIP traded up $0.86 during mid-day trading on Wednesday, reaching $12.75. The company had a trading volume of 474,024 shares, compared to its average volume of 2,772,498. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 2.10. Tripadvisor, Inc. has a twelve month low of $10.43 and a twelve month high of $27.63. The stock's 50 day moving average is $13.85 and its 200-day moving average is $14.76. The stock has a market capitalization of $1.79 billion, a PE ratio of 637.82, a price-to-earnings-growth ratio of 9.01 and a beta of 1.25.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last issued its earnings results on Thursday, February 20th. The travel company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.08). The firm had revenue of $411.00 million during the quarter, compared to analyst estimates of $400.02 million. Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. As a group, equities analysts anticipate that Tripadvisor, Inc. will post 0.46 earnings per share for the current fiscal year.

Tripadvisor Company 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.