Citigroup Inc. increased its holdings in Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 34.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 258,119 shares of the travel company's stock after buying an additional 66,042 shares during the period. Citigroup Inc. owned 0.19% of Tripadvisor worth $3,740,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its position in shares of Tripadvisor by 104.1% during the second quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company's stock worth $30,000 after buying an additional 846 shares during the period. Louisiana State Employees Retirement System boosted its stake in Tripadvisor by 2.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 54,700 shares of the travel company's stock valued at $974,000 after purchasing an additional 1,200 shares during the last quarter. KBC Group NV raised its stake in shares of Tripadvisor by 65.3% in the third quarter. KBC Group NV now owns 4,499 shares of the travel company's stock worth $65,000 after purchasing an additional 1,777 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Tripadvisor in the third quarter valued at approximately $28,000. Finally, Quest Partners LLC boosted its position in shares of Tripadvisor by 14,244.4% during the second quarter. Quest Partners LLC now owns 2,582 shares of the travel company's stock valued at $46,000 after buying an additional 2,564 shares during the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.
Tripadvisor Stock Down 3.4 %
Shares of TRIP stock traded down $0.49 during midday trading on Thursday, reaching $14.07. 1,186,074 shares of the stock were exchanged, compared to its average volume of 2,306,230. Tripadvisor, Inc. has a 1 year low of $12.93 and a 1 year high of $28.76. The firm has a market cap of $1.96 billion, a PE ratio of 63.31, a price-to-earnings-growth ratio of 9.88 and a beta of 1.36. The company's 50 day moving average is $14.81 and its two-hundred day moving average is $15.82. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93.
Tripadvisor (NASDAQ:TRIP - Get Free Report) last announced its earnings results on Wednesday, November 6th. The travel company reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.06. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. The firm had revenue of $532.00 million for the quarter, compared to analysts' expectations of $527.86 million. During the same quarter in the previous year, the business posted $0.35 EPS. The company's quarterly revenue was down .2% on a year-over-year basis. On average, equities research analysts predict that Tripadvisor, Inc. will post 0.36 EPS for the current year.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the stock. DA Davidson reduced their target price on shares of Tripadvisor from $20.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday, August 12th. JPMorgan Chase & Co. cut their price target on shares of Tripadvisor from $17.00 to $14.00 and set an "underweight" rating on the stock in a report on Wednesday, August 7th. Wedbush restated a "neutral" rating and set a $17.00 price objective (up previously from $16.00) on shares of Tripadvisor in a report on Thursday, November 7th. Cantor Fitzgerald reduced their target price on shares of Tripadvisor from $12.00 to $11.00 and set an "underweight" rating for the company in a research report on Thursday, November 7th. Finally, StockNews.com downgraded Tripadvisor from a "buy" rating to a "hold" rating in a research note on Friday, November 8th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $18.33.
Read Our Latest Analysis on Tripadvisor
About Tripadvisor
(
Free Report)
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.
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