Renaissance Technologies LLC Sells 380,400 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Renaissance Technologies LLC cut its stake in Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 18.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,635,810 shares of the travel company's stock after selling 380,400 shares during the period. Renaissance Technologies LLC owned approximately 1.17% of Tripadvisor worth $24,161,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. River Road Asset Management LLC boosted its holdings in Tripadvisor by 1.3% during the fourth quarter. River Road Asset Management LLC now owns 3,715,961 shares of the travel company's stock worth $54,885,000 after buying an additional 45,898 shares in the last quarter. State Street Corp grew its holdings in shares of Tripadvisor by 1.0% in the 3rd quarter. State Street Corp now owns 3,457,661 shares of the travel company's stock worth $50,102,000 after acquiring an additional 33,809 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Tripadvisor by 1.0% during the third quarter. Geode Capital Management LLC now owns 1,822,913 shares of the travel company's stock worth $26,421,000 after purchasing an additional 18,059 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Tripadvisor by 18.5% during the fourth quarter. Alliancebernstein L.P. now owns 1,813,449 shares of the travel company's stock valued at $26,785,000 after purchasing an additional 282,851 shares during the last quarter. Finally, U S Global Investors Inc. increased its stake in Tripadvisor by 2.0% in the 4th quarter. U S Global Investors Inc. now owns 1,543,056 shares of the travel company's stock worth $22,791,000 after purchasing an additional 30,508 shares in the last quarter. Institutional investors own 98.99% of the company's stock.

Tripadvisor Trading Down 0.4 %

NASDAQ:TRIP traded down $0.05 during trading hours on Friday, hitting $11.72. The stock had a trading volume of 1,597,997 shares, compared to its average volume of 2,459,727. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 2.10. Tripadvisor, Inc. has a one year low of $10.43 and a one year high of $27.63. The business's 50 day moving average is $14.22 and its 200-day moving average is $14.82. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 586.29, a P/E/G ratio of 9.01 and a beta of 1.25.

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on TRIP. StockNews.com upgraded shares of Tripadvisor from a "hold" rating to a "buy" rating in a report on Monday, February 24th. Cantor Fitzgerald cut their target price on shares of Tripadvisor from $14.00 to $13.00 and set an "underweight" rating on the stock in a research note on Friday, February 21st. DA Davidson reaffirmed a "neutral" rating and issued a $16.00 target price on shares of Tripadvisor in a research report on Thursday, February 20th. Wedbush reissued a "neutral" rating and set a $17.00 price target on shares of Tripadvisor in a research report on Thursday, December 19th. Finally, B. Riley decreased their price objective on Tripadvisor from $20.00 to $18.00 and set a "neutral" rating for the company in a research report on Monday, March 10th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $17.29.

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.