MassMutual Private Wealth & Trust FSB Buys New Position in Tripadvisor, Inc. (NASDAQ:TRIP)

MassMutual Private Wealth & Trust FSB purchased a new stake 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 purchased 20,000 shares of the travel company's stock, valued at approximately $295,000.

Several other institutional investors have also made changes to their positions in the company. KBC Group NV boosted its position in Tripadvisor by 65.3% during the third 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 period. True Wealth Design LLC bought a new stake in Tripadvisor during the third quarter worth approximately $27,000. Capital Performance Advisors LLP bought a new stake in Tripadvisor during the third quarter worth approximately $28,000. GAMMA Investing LLC boosted its position in Tripadvisor by 204.7% during the fourth 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 period. Finally, Future Financial Wealth Managment LLC bought a new stake in Tripadvisor during the third quarter worth approximately $43,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Tripadvisor Trading Up 13.9 %

Tripadvisor stock traded up $2.19 during mid-day trading on Thursday, hitting $17.93. The stock had a trading volume of 7,953,323 shares, compared to its average volume of 2,760,906. The stock has a 50-day simple moving average of $14.48 and a two-hundred day simple moving average of $15.01. The stock has a market capitalization of $2.50 billion, a PE ratio of 77.96, a P/E/G ratio of 8.68 and a beta of 1.33. Tripadvisor, Inc. has a 12 month low of $12.93 and a 12 month high of $28.76. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.06. The business had revenue of $532.00 million for the quarter, compared to analysts' expectations of $527.86 million. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. The firm's quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the business earned $0.35 earnings per share. As a group, sell-side analysts forecast that Tripadvisor, Inc. will post 0.36 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. TD Cowen increased their price objective on Tripadvisor from $15.00 to $20.00 and gave the company a "hold" rating in a research report on Thursday, November 7th. Cantor Fitzgerald reduced their price objective on Tripadvisor from $12.00 to $11.00 and set an "underweight" rating for the company in a research report on Thursday, November 7th. B. Riley increased their price objective on Tripadvisor from $19.00 to $20.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. UBS Group reduced their price objective on Tripadvisor from $18.00 to $17.00 and set a "neutral" rating for the company in a research report on Thursday, November 7th. Finally, Wedbush reissued a "neutral" rating and issued a $17.00 price objective on shares of Tripadvisor in a research report on Thursday, December 19th. 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. Based on data from MarketBeat, Tripadvisor currently has an average rating of "Hold" and an average price target of $17.50.

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.