Vanguard Group Inc. Decreases Stock Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Vanguard Group Inc. decreased its position in Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 0.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 12,193,967 shares of the travel company's stock after selling 116,901 shares during the period. Vanguard Group Inc. owned about 8.75% of Tripadvisor worth $180,105,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Bogart Wealth LLC bought a new stake in Tripadvisor in the 4th quarter worth $30,000. Blue Trust Inc. boosted its holdings in shares of Tripadvisor by 204.4% during the fourth 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 during the period. GAMMA Investing LLC grew its stake in shares of Tripadvisor by 204.7% in the fourth 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 during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Tripadvisor during the 4th quarter valued at about $58,000. Finally, SRS Capital Advisors Inc. bought a new position in Tripadvisor during the 4th quarter valued at approximately $71,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TRIP has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their price objective on Tripadvisor from $15.00 to $11.00 and set an "underweight" rating on the stock in a research report on Tuesday. Cantor Fitzgerald reduced their price objective on shares of Tripadvisor from $14.00 to $13.00 and set an "underweight" rating on the stock in a research report on Friday, February 21st. DA Davidson restated a "neutral" rating and issued a $16.00 price objective on shares of Tripadvisor in a report on Thursday, February 20th. B. Riley cut their target price 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. Finally, UBS Group reissued a "neutral" rating on shares of Tripadvisor in a research note on Tuesday, February 4th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $17.29.

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Tripadvisor Stock Up 1.6 %

Shares of Tripadvisor stock traded up $0.18 during midday trading on Friday, hitting $11.62. The company 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 company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 2.10. The stock has a market capitalization of $1.63 billion, a P/E ratio of 581.29, a P/E/G ratio of 9.01 and a beta of 1.25. The company has a 50 day moving average of $14.71 and a 200 day moving average of $14.90.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last released 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%. On average, equities analysts predict that Tripadvisor, Inc. will post 0.46 earnings per share for the current fiscal year.

Tripadvisor Company 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.