Greenland Capital Management LP bought a new position in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 35,387 shares of the travel company's stock, valued at approximately $523,000.
A number of other large investors have also recently made changes to their positions in TRIP. River Road Asset Management LLC lifted its holdings in Tripadvisor by 1.3% during the 4th quarter. River Road Asset Management LLC now owns 3,715,961 shares of the travel company's stock worth $54,885,000 after buying an additional 45,898 shares during the last quarter. State Street Corp increased its stake in Tripadvisor by 1.0% in the 3rd quarter. State Street Corp now owns 3,457,661 shares of the travel company's stock valued at $50,102,000 after purchasing an additional 33,809 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Tripadvisor by 1.0% in the third quarter. Geode Capital Management LLC now owns 1,822,913 shares of the travel company's stock valued at $26,421,000 after purchasing an additional 18,059 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Tripadvisor by 18.5% in the fourth quarter. Alliancebernstein L.P. now owns 1,813,449 shares of the travel company's stock valued at $26,785,000 after buying an additional 282,851 shares during the last quarter. Finally, U S Global Investors Inc. boosted its stake in Tripadvisor by 2.0% in the 4th quarter. U S Global Investors Inc. now owns 1,543,056 shares of the travel company's stock worth $22,791,000 after buying an additional 30,508 shares during the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the stock. UBS Group reiterated a "neutral" rating on shares of Tripadvisor in a research note on Tuesday, February 4th. B. Riley lowered their price target on Tripadvisor from $20.00 to $18.00 and set a "neutral" rating on the stock in a research report on Monday, March 10th. Wedbush restated a "neutral" rating and issued a $17.00 price target on shares of Tripadvisor in a research report on Thursday, December 19th. Cantor Fitzgerald dropped their price target 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, JPMorgan Chase & Co. decreased their target price on Tripadvisor from $15.00 to $11.00 and set an "underweight" rating for the company in a research report on Tuesday, April 8th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $17.29.
Check Out Our Latest Report on TRIP
Tripadvisor Stock Performance
Shares of NASDAQ:TRIP traded down $0.03 on Monday, hitting $11.59. The company had a trading volume of 402,942 shares, compared to its average volume of 2,848,972. The stock has a 50 day moving average price of $14.71 and a 200 day moving average price of $14.90. The company has a current ratio of 2.10, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 579.79, a P/E/G ratio of 9.01 and a beta of 1.25. Tripadvisor, Inc. has a 1-year low of $10.43 and a 1-year high of $27.63.
Tripadvisor (NASDAQ:TRIP - Get Free Report) last posted its earnings results on Thursday, February 20th. The travel company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.08). The firm had revenue of $411.00 million for 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%. Analysts expect that Tripadvisor, Inc. will post 0.46 EPS for the current year.
Tripadvisor Profile
(
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.
Further Reading
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