Palogic Value Management L.P. Decreases Holdings in Tripadvisor, Inc. (NASDAQ:TRIP)

Palogic Value Management L.P. reduced its holdings in Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 21.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 110,000 shares of the travel company's stock after selling 30,000 shares during the period. Palogic Value Management L.P. owned approximately 0.08% of Tripadvisor worth $1,625,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC bought a new position in shares of Tripadvisor during the third quarter worth $27,000. Bogart Wealth LLC acquired a new stake in shares of Tripadvisor during the fourth quarter worth about $30,000. Blue Trust Inc. lifted its holdings in shares of Tripadvisor by 204.4% during the 4th quarter. Blue Trust Inc. now owns 2,298 shares of the travel company's stock valued at $33,000 after purchasing an additional 1,543 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Tripadvisor by 204.7% in the 4th quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company's stock valued at $54,000 after purchasing an additional 2,469 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Tripadvisor during the 4th quarter worth approximately $58,000. 98.99% of the stock is owned by institutional investors.

Tripadvisor Price Performance

Tripadvisor stock traded up $0.32 during midday trading on Tuesday, reaching $15.33. 2,329,121 shares of the stock were exchanged, compared to its average volume of 2,323,896. Tripadvisor, Inc. has a 52 week low of $12.93 and a 52 week high of $28.64. The company's fifty day moving average is $15.93 and its 200-day moving average is $15.03. 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 market cap of $2.15 billion, a PE ratio of 766.88, a PEG ratio of 9.01 and a beta of 1.35.

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Tripadvisor (NASDAQ:TRIP - Get Free Report) last issued its earnings results on Thursday, February 20th. The travel company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.08). The company had revenue of $411.00 million for the quarter, compared to analysts' expectations of $400.02 million. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. On average, sell-side analysts forecast that Tripadvisor, Inc. will post 0.46 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TRIP. StockNews.com upgraded Tripadvisor from a "hold" rating to a "buy" rating in a report on Monday, February 24th. DA Davidson restated a "neutral" rating and set a $16.00 price objective on shares of Tripadvisor in a research note on Thursday, February 20th. B. Riley dropped their price target on Tripadvisor from $20.00 to $18.00 and set a "neutral" rating on the stock in a research note on Monday, March 10th. UBS Group restated a "neutral" rating on shares of Tripadvisor in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. lifted their target price on Tripadvisor from $14.00 to $15.00 and gave the stock an "underweight" rating in a report on Friday, February 21st. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Tripadvisor currently has a consensus rating of "Hold" and an average target price of $17.57.

Tripadvisor 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.