Janney Montgomery Scott LLC Makes New $308,000 Investment in Tripadvisor, Inc. (NASDAQ:TRIP)

Janney Montgomery Scott LLC acquired a new stake in Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 20,882 shares of the travel company's stock, valued at approximately $308,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. CWM LLC boosted its position in shares of Tripadvisor by 102.8% during the third quarter. CWM LLC now owns 21,358 shares of the travel company's stock worth $309,000 after buying an additional 10,826 shares during the period. Vontobel Holding Ltd. boosted its position in Tripadvisor by 19.7% during the third quarter. Vontobel Holding Ltd. now owns 160,325 shares of the travel company's stock valued at $2,323,000 after purchasing an additional 26,388 shares during the last quarter. U S Global Investors Inc. boosted its position in Tripadvisor by 71.8% during the third quarter. U S Global Investors Inc. now owns 1,512,548 shares of the travel company's stock valued at $21,917,000 after purchasing an additional 632,353 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Tripadvisor by 4.9% in the third quarter. Assenagon Asset Management S.A. now owns 772,592 shares of the travel company's stock valued at $11,195,000 after buying an additional 35,967 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Tripadvisor in the third quarter valued at approximately $207,000. Institutional investors own 98.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TRIP. Cantor Fitzgerald lowered their target price on Tripadvisor from $12.00 to $11.00 and set an "underweight" rating on the stock in a research note on Thursday, November 7th. TD Cowen raised their target price on Tripadvisor from $15.00 to $20.00 and gave the company a "hold" rating in a report on Thursday, November 7th. Wedbush reissued a "neutral" rating and set a $17.00 price objective on shares of Tripadvisor in a report on Thursday, December 19th. DA Davidson restated a "neutral" rating and set a $16.00 price target on shares of Tripadvisor in a report on Thursday, December 19th. Finally, UBS Group reduced their price objective on shares of Tripadvisor from $18.00 to $17.00 and set a "neutral" rating for the company in a research report on Thursday, November 7th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $17.50.

Tripadvisor Stock Performance

Shares of NASDAQ TRIP traded up $0.06 during mid-day trading on Friday, reaching $17.81. 2,063,983 shares of the company's stock were exchanged, compared to its average volume of 2,446,722. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 77.44, a price-to-earnings-growth ratio of 9.54 and a beta of 1.34. Tripadvisor, Inc. has a 52 week low of $12.93 and a 52 week high of $28.76. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a 50-day moving average price of $15.67 and a two-hundred day moving average price of $14.97.

About Tripadvisor

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.