Ieq Capital LLC grew its holdings in Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 391.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 63,680 shares of the travel company's stock after purchasing an additional 50,713 shares during the period. Ieq Capital LLC's holdings in Tripadvisor were worth $941,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Pacer Advisors Inc. grew 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 acquiring an additional 3,173,817 shares during the last quarter. River Road Asset Management LLC grew its position in Tripadvisor by 33.3% during the 3rd quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company's stock worth $53,179,000 after acquiring an additional 917,689 shares during the last quarter. SG Americas Securities LLC grew its position in Tripadvisor by 679.5% during the 4th quarter. SG Americas Securities LLC now owns 738,731 shares of the travel company's stock worth $10,911,000 after acquiring an additional 643,963 shares during the last quarter. Lightrock Netherlands B.V. bought a new stake in Tripadvisor during the 4th quarter worth $7,607,000. Finally, Boussard & Gavaudan Investment Management LLP bought a new stake in Tripadvisor during the 3rd quarter worth $5,159,000. Institutional investors own 98.99% of the company's stock.
Tripadvisor Trading Up 2.4 %
Shares of NASDAQ:TRIP traded up $0.35 during midday trading on Friday, reaching $14.80. The company's stock had a trading volume of 2,430,824 shares, compared to its average volume of 2,659,249. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 740.37, a PEG ratio of 9.01 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 2.10. The firm has a 50 day moving average price of $16.10 and a two-hundred day moving average price of $15.02. Tripadvisor, Inc. has a fifty-two week low of $12.93 and a fifty-two week high of $28.76.
Tripadvisor (NASDAQ:TRIP - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The travel company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.08). The business had revenue of $411.00 million during the quarter, compared to analyst estimates of $400.02 million. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. As a group, analysts forecast that Tripadvisor, Inc. will post 0.46 earnings per share for the current year.
Analysts Set New Price Targets
A number of brokerages recently weighed in on TRIP. UBS Group restated a "neutral" rating on shares of Tripadvisor in a research report on Tuesday, February 4th. JPMorgan Chase & Co. boosted their price objective on Tripadvisor from $14.00 to $15.00 and gave the stock an "underweight" rating in a research report on Friday, February 21st. Cantor Fitzgerald reduced their price objective on Tripadvisor from $14.00 to $13.00 and set an "underweight" rating on the stock in a research report on Friday, February 21st. DA Davidson reaffirmed a "neutral" rating and set a $16.00 target price on shares of Tripadvisor in a report on Thursday, February 20th. Finally, TD Cowen lifted their target price on Tripadvisor from $15.00 to $20.00 and gave the stock a "hold" rating in a report on Thursday, November 7th. 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 data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $17.71.
Get Our Latest Research Report on TRIP
About Tripadvisor
(
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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