Royce & Associates LP Has $1.12 Million Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Royce & Associates LP lifted its position in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 32.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,630 shares of the travel company's stock after purchasing an additional 18,540 shares during the period. Royce & Associates LP owned about 0.05% of Tripadvisor worth $1,117,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. KBC Group NV raised its holdings in Tripadvisor by 65.3% in the third quarter. KBC Group NV now owns 4,499 shares of the travel company's stock valued at $65,000 after acquiring an additional 1,777 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of Tripadvisor in the 3rd quarter valued at about $2,788,000. Pacer Advisors Inc. lifted its position in shares of Tripadvisor by 167.6% during the third quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company's stock worth $73,431,000 after purchasing an additional 3,173,817 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Tripadvisor by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,199,339 shares of the travel company's stock worth $17,378,000 after acquiring an additional 55,115 shares in the last quarter. Finally, Citigroup Inc. increased its holdings in shares of Tripadvisor by 34.4% in the 3rd quarter. Citigroup Inc. now owns 258,119 shares of the travel company's stock valued at $3,740,000 after acquiring an additional 66,042 shares during the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of analysts recently issued reports on TRIP shares. DA Davidson reissued a "neutral" rating and set a $16.00 price objective on shares of Tripadvisor in a research report on Thursday, February 20th. B. Riley lowered their price objective on shares of Tripadvisor from $20.00 to $18.00 and set a "neutral" rating on the stock in a research note on Monday, March 10th. Cantor Fitzgerald cut 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. JPMorgan Chase & Co. upped their target price on Tripadvisor from $14.00 to $15.00 and gave the company an "underweight" rating in a research note on Friday, February 21st. Finally, StockNews.com raised shares of Tripadvisor from a "hold" rating to a "buy" rating in a research report on Monday, February 24th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Tripadvisor has an average rating of "Hold" and a consensus price target of $17.57.

Tripadvisor Stock Performance

Shares of TRIP traded up $0.32 during midday trading on Tuesday, reaching $15.33. The stock had a trading volume of 2,329,121 shares, compared to its average volume of 2,328,305. Tripadvisor, Inc. has a one year low of $12.93 and a one year high of $28.64. The company has a current ratio of 2.10, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. The firm has a market cap of $2.15 billion, a PE ratio of 766.88, a P/E/G ratio of 9.01 and a beta of 1.35. The firm has a 50 day simple moving average of $15.94 and a 200-day simple moving average of $15.04.

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 business had revenue of $411.00 million during the quarter, compared to the consensus estimate of $400.02 million. As a group, sell-side analysts anticipate that Tripadvisor, Inc. will post 0.46 EPS for the current year.

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.