Russell Investments Group Ltd. boosted its stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 12.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 413,337 shares of the travel company's stock after purchasing an additional 47,083 shares during the quarter. Russell Investments Group Ltd. owned about 0.30% of Tripadvisor worth $6,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently added to or reduced their stakes in TRIP. MassMutual Private Wealth & Trust FSB bought a new stake in shares of Tripadvisor in the 4th quarter valued at about $295,000. ExodusPoint Capital Management LP acquired a new stake in Tripadvisor in the fourth quarter valued at approximately $5,170,000. Ieq Capital LLC grew its holdings in 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 purchasing an additional 50,713 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in Tripadvisor in the fourth quarter worth $308,000. Finally, Confluence Investment Management LLC increased its position in shares of Tripadvisor by 43.6% during the fourth quarter. Confluence Investment Management LLC now owns 233,858 shares of the travel company's stock worth $3,454,000 after purchasing an additional 70,960 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company's stock.
Tripadvisor Stock Performance
NASDAQ:TRIP traded down $0.05 during mid-day trading on Friday, hitting $11.72. The company's stock had a trading volume of 1,597,997 shares, compared to its average volume of 2,463,657. The business's fifty day moving average is $14.09 and its two-hundred day moving average is $14.80. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 586.29, a PEG ratio of 9.01 and a beta of 1.25. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.10 and a quick ratio of 1.85. Tripadvisor, Inc. has a 1 year low of $10.43 and a 1 year high of $27.63.
Tripadvisor (NASDAQ:TRIP - Get Free Report) last issued its 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%. Analysts anticipate that Tripadvisor, Inc. will post 0.46 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on TRIP. DA Davidson restated a "neutral" rating and set a $16.00 target price on shares of Tripadvisor in a research note on Thursday, February 20th. StockNews.com upgraded Tripadvisor from a "hold" rating to a "buy" rating in a research note on Monday, February 24th. Wedbush restated a "neutral" rating and set a $17.00 price objective on shares of Tripadvisor in a report on Thursday, December 19th. B. Riley lowered their target price on shares of Tripadvisor from $20.00 to $18.00 and set a "neutral" rating for the company in a research note on Monday, March 10th. Finally, Cantor Fitzgerald cut their price target 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. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $17.29.
View Our Latest Stock Analysis on Tripadvisor
Tripadvisor Company Profile
(
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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