River Global Investors LLP Sells 32,548 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

River Global Investors LLP lowered its position in Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 44.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,260 shares of the travel company's stock after selling 32,548 shares during the period. River Global Investors LLP's holdings in Tripadvisor were worth $595,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB bought a new stake in shares of Tripadvisor during the 4th quarter valued at about $295,000. Ieq Capital LLC boosted its holdings in shares of Tripadvisor by 391.1% in the fourth quarter. Ieq Capital LLC now owns 63,680 shares of the travel company's stock worth $941,000 after buying an additional 50,713 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in Tripadvisor during the fourth quarter valued at approximately $308,000. Charles Schwab Investment Management Inc. increased its holdings in Tripadvisor by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,199,339 shares of the travel company's stock valued at $17,378,000 after buying an additional 55,115 shares during the last quarter. Finally, Boussard & Gavaudan Investment Management LLP bought a new position in Tripadvisor in the third quarter worth approximately $5,159,000. Hedge funds and other institutional investors own 98.99% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TRIP shares. UBS Group reissued a "neutral" rating on shares of Tripadvisor in a research report on Tuesday, February 4th. StockNews.com upgraded Tripadvisor from a "hold" rating to a "buy" rating in a research report on Monday, February 24th. B. Riley lowered their price objective on Tripadvisor from $20.00 to $18.00 and set a "neutral" rating on the stock in a research report on Monday. Cantor Fitzgerald cut their price objective on Tripadvisor from $14.00 to $13.00 and set an "underweight" rating for the company in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. raised their target price on shares of Tripadvisor from $14.00 to $15.00 and gave the stock an "underweight" rating in a research note on Friday, February 21st. Three analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Tripadvisor presently has an average rating of "Hold" and a consensus price target of $17.57.

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Tripadvisor Price Performance

Shares of NASDAQ:TRIP traded up $0.18 during midday trading on Wednesday, reaching $13.75. 3,955,649 shares of the company were exchanged, compared to its average volume of 2,832,763. The stock has a market cap of $1.93 billion, a PE ratio of 687.84, a price-to-earnings-growth ratio of 9.01 and a beta of 1.35. The business's fifty day moving average is $16.01 and its two-hundred day moving average is $15.02. Tripadvisor, Inc. has a one year low of $12.93 and a one year high of $28.76. The company has a current ratio of 2.10, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The travel company reported $0.13 EPS 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 the consensus estimate of $400.02 million. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. As a group, analysts predict that Tripadvisor, Inc. will post 0.46 earnings per share for the current year.

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.