Invesco Ltd. Has $6.66 Million Stock Holdings in Tripadvisor, Inc. (NASDAQ:TRIP)

Invesco Ltd. lessened its position in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 50.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 450,563 shares of the travel company's stock after selling 464,204 shares during the quarter. Invesco Ltd. owned 0.32% of Tripadvisor worth $6,655,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of TRIP. MassMutual Private Wealth & Trust FSB bought a new position in Tripadvisor during the fourth quarter valued at $295,000. ExodusPoint Capital Management LP acquired a new stake in shares of Tripadvisor in the fourth quarter valued at about $5,170,000. Ieq Capital LLC lifted its position in shares of Tripadvisor by 391.1% in the fourth quarter. Ieq Capital LLC now owns 63,680 shares of the travel company's stock valued at $941,000 after acquiring an additional 50,713 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in Tripadvisor during the 4th quarter valued at about $308,000. Finally, Confluence Investment Management LLC lifted its position in Tripadvisor by 43.6% during the fourth quarter. Confluence Investment Management LLC now owns 233,858 shares of the travel company's stock worth $3,454,000 after buying an additional 70,960 shares in the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Tripadvisor Stock Performance

TRIP traded up $0.03 during trading on Friday, hitting $12.73. The stock had a trading volume of 1,715,689 shares, compared to its average volume of 2,467,478. Tripadvisor, Inc. has a 12 month low of $10.43 and a 12 month high of $27.63. The firm has a market cap of $1.79 billion, a PE ratio of 636.82, a P/E/G ratio of 9.01 and a beta of 1.25. The company has a 50 day simple moving average of $13.54 and a 200-day simple moving average of $14.73. The company has a current ratio of 2.10, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last issued its earnings results on Thursday, February 20th. The travel company reported $0.13 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $400.02 million. Analysts expect that Tripadvisor, Inc. will post 0.46 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TRIP. B. Riley cut their price objective on Tripadvisor from $20.00 to $18.00 and set a "neutral" rating on the stock in a report on Monday, March 10th. 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. UBS Group reaffirmed a "neutral" rating on shares of Tripadvisor in a research report on Tuesday, February 4th. StockNews.com upgraded shares of Tripadvisor from a "hold" rating to a "buy" rating in a research note on Monday, February 24th. Finally, Mizuho upgraded Tripadvisor to a "hold" rating in a research report on Friday, April 18th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $17.29.

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.