Rhumbline Advisers Has $4.23 Million Holdings in Tripadvisor, Inc. (NASDAQ:TRIP)

Rhumbline Advisers boosted its holdings in Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 15.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 286,342 shares of the travel company's stock after acquiring an additional 38,740 shares during the period. Rhumbline Advisers owned about 0.21% of Tripadvisor worth $4,229,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. True Wealth Design LLC bought a new position in shares of Tripadvisor during the 3rd quarter valued at about $27,000. Capital Performance Advisors LLP purchased a new stake in Tripadvisor in the 3rd quarter worth approximately $28,000. Bogart Wealth LLC acquired a new position in Tripadvisor in the 4th quarter worth about $30,000. Blue Trust Inc. raised its stake in shares of Tripadvisor by 204.4% during the 4th quarter. Blue Trust Inc. now owns 2,298 shares of the travel company's stock worth $33,000 after purchasing an additional 1,543 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Tripadvisor by 204.7% during the 4th quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company's stock worth $54,000 after purchasing an additional 2,469 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TRIP has been the topic of a number of research reports. DA Davidson restated a "neutral" rating and issued a $16.00 price objective on shares of Tripadvisor in a report on Thursday, February 20th. TD Cowen increased their target price on shares of Tripadvisor from $15.00 to $20.00 and gave the stock a "hold" rating in a research report on Thursday, November 7th. Wedbush reaffirmed a "neutral" rating and issued a $17.00 price target on shares of Tripadvisor in a research report on Thursday, December 19th. StockNews.com raised Tripadvisor from a "hold" rating to a "buy" rating in a report on Monday, February 24th. Finally, Cantor Fitzgerald reduced their target price on Tripadvisor from $14.00 to $13.00 and set an "underweight" rating for the company in a report on Friday, February 21st. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $17.71.

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Tripadvisor Stock Performance

NASDAQ:TRIP traded down $0.48 during trading hours on Tuesday, hitting $13.91. 1,919,230 shares of the company traded hands, compared to its average volume of 2,626,742. 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 stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 697.60, a P/E/G ratio of 9.01 and a beta of 1.34. The firm has a 50-day moving average of $16.11 and a 200 day moving average of $15.04. Tripadvisor, Inc. has a twelve month low of $12.93 and a twelve month high of $28.76.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The travel company reported $0.13 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 company had revenue of $411.00 million for the quarter, compared to analyst estimates of $400.02 million. On average, analysts forecast that Tripadvisor, Inc. will post 0.46 EPS for the current 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.