Alliancebernstein L.P. Purchases 282,851 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Alliancebernstein L.P. boosted its stake in Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 18.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,813,449 shares of the travel company's stock after buying an additional 282,851 shares during the quarter. Alliancebernstein L.P. owned approximately 1.30% of Tripadvisor worth $26,785,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in shares of Tripadvisor by 4.8% in the third 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 during the last quarter. Cerity Partners LLC increased its position in Tripadvisor by 154.1% in the 3rd quarter. Cerity Partners LLC now owns 36,493 shares of the travel company's stock worth $529,000 after purchasing an additional 22,133 shares during the last quarter. Verition Fund Management LLC acquired a new position in Tripadvisor in the 3rd quarter worth about $714,000. Point72 Asset Management L.P. purchased a new stake in shares of Tripadvisor during the 3rd quarter worth about $1,796,000. Finally, State Street Corp lifted its holdings in shares of Tripadvisor by 1.0% during the 3rd quarter. State Street Corp now owns 3,457,661 shares of the travel company's stock valued at $50,102,000 after buying an additional 33,809 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Wedbush reaffirmed a "neutral" rating and set a $17.00 price objective on shares of Tripadvisor in a research report on Thursday, December 19th. B. Riley cut their price target on shares of Tripadvisor from $20.00 to $18.00 and set a "neutral" rating on the stock in a report on Monday, March 10th. JPMorgan Chase & Co. reduced their price objective on shares of Tripadvisor from $15.00 to $11.00 and set an "underweight" rating for the company in a research note on Tuesday. UBS Group reiterated a "neutral" rating on shares of Tripadvisor in a report on Tuesday, February 4th. Finally, Cantor Fitzgerald cut their target price on Tripadvisor from $14.00 to $13.00 and set an "underweight" rating on the stock in a report on Friday, February 21st. Three research 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. Based on data from MarketBeat, Tripadvisor currently has a consensus rating of "Hold" and a consensus price target of $17.29.

Tripadvisor Stock Performance

NASDAQ TRIP traded up $0.18 during trading on Friday, hitting $11.62. The company's stock had a trading volume of 2,968,309 shares, compared to its average volume of 2,457,459. Tripadvisor, Inc. has a 52 week low of $10.43 and a 52 week high of $27.63. The firm has a market cap of $1.63 billion, a P/E ratio of 581.29, a price-to-earnings-growth ratio of 9.01 and a beta of 1.25. The firm has a 50 day moving average price of $14.71 and a 200 day moving average price of $14.90. The company has a quick ratio of 1.85, a current ratio of 2.10 and a debt-to-equity ratio of 0.93.

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

Tripadvisor 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.