512,466 Shares in Tripadvisor, Inc. (NASDAQ:TRIP) Bought by Lightrock Netherlands B.V.

Lightrock Netherlands B.V. bought a new position in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 512,466 shares of the travel company's stock, valued at approximately $7,607,000. Tripadvisor accounts for approximately 2.7% of Lightrock Netherlands B.V.'s portfolio, making the stock its 18th biggest holding. Lightrock Netherlands B.V. owned approximately 0.37% of Tripadvisor as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. True Wealth Design LLC acquired a new stake in Tripadvisor during the 3rd quarter worth approximately $27,000. Capital Performance Advisors LLP acquired a new stake in Tripadvisor during the 3rd quarter worth approximately $28,000. Blue Trust Inc. lifted its holdings in Tripadvisor by 204.4% during the 4th quarter. Blue Trust Inc. now owns 2,298 shares of the travel company's stock worth $33,000 after purchasing an additional 1,543 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Tripadvisor by 204.7% during the 4th quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company's stock worth $54,000 after purchasing an additional 2,469 shares during the last quarter. Finally, KBC Group NV lifted its holdings in Tripadvisor by 65.3% during the 3rd quarter. KBC Group NV now owns 4,499 shares of the travel company's stock worth $65,000 after purchasing an additional 1,777 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors.

Tripadvisor Price Performance

Shares of Tripadvisor stock traded up $0.06 during trading on Friday, reaching $17.81. 2,063,983 shares of the company's stock were exchanged, compared to its average volume of 2,434,953. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85. Tripadvisor, Inc. has a 1-year low of $12.93 and a 1-year high of $28.76. The company has a market cap of $2.48 billion, a P/E ratio of 77.44, a PEG ratio of 9.54 and a beta of 1.34. The firm's 50-day moving average price is $15.67 and its 200 day moving average price is $15.00.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on TRIP shares. StockNews.com cut Tripadvisor from a "buy" rating to a "hold" rating in a report on Thursday, January 9th. Wedbush reaffirmed a "neutral" rating and issued a $17.00 price objective on shares of Tripadvisor in a report on Thursday, December 19th. DA Davidson reaffirmed a "neutral" rating and issued a $16.00 price objective on shares of Tripadvisor in a report on Thursday, December 19th. B. Riley lifted their price objective on Tripadvisor from $19.00 to $20.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Finally, UBS Group dropped their price objective on Tripadvisor from $18.00 to $17.00 and set a "neutral" rating for the company in a report on Thursday, November 7th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $17.50.

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.