Principal Financial Group Inc. Grows Stake in Tripadvisor, Inc. (NASDAQ:TRIP)

Principal Financial Group Inc. lifted its position in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 534,304 shares of the travel company's stock after purchasing an additional 18,223 shares during the quarter. Principal Financial Group Inc. owned 0.38% of Tripadvisor worth $7,892,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TRIP. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Tripadvisor during the third quarter worth approximately $207,000. Pallas Capital Advisors LLC acquired a new position in shares of Tripadvisor during the third quarter worth approximately $247,000. River Road Asset Management LLC raised its position in shares of Tripadvisor by 33.3% during the third quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company's stock worth $53,179,000 after purchasing an additional 917,689 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Tripadvisor during the third quarter worth approximately $28,000. Finally, River Global Investors LLP raised its position in shares of Tripadvisor by 5.0% during the third quarter. River Global Investors LLP now owns 72,808 shares of the travel company's stock worth $1,055,000 after purchasing an additional 3,500 shares during the period. 98.99% of the stock is owned by institutional investors and hedge funds.

Tripadvisor Price Performance

NASDAQ:TRIP traded down $0.10 during mid-day trading on Wednesday, reaching $13.69. The stock had a trading volume of 3,055,505 shares, compared to its average volume of 2,667,293. The firm has a 50 day moving average price of $16.10 and a two-hundred day moving average price of $15.04. The stock has a market capitalization of $1.92 billion, a P/E ratio of 684.84, a P/E/G ratio of 9.01 and a beta of 1.34. Tripadvisor, Inc. has a one year low of $12.93 and a one year high of $28.76. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 2.10.

Remove Ads

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. DA Davidson reiterated a "neutral" rating and set a $16.00 price target on shares of Tripadvisor in a report on Thursday, February 20th. UBS Group reiterated a "neutral" rating on shares of Tripadvisor in a report on Tuesday, February 4th. JPMorgan Chase & Co. upped their price target on Tripadvisor from $14.00 to $15.00 and gave the stock an "underweight" rating in a report on Friday, February 21st. Cantor Fitzgerald decreased 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. Finally, StockNews.com upgraded Tripadvisor from a "hold" rating to a "buy" rating in a report on Monday, February 24th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $17.71.

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.