Victory Capital Management Inc. Reduces Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Victory Capital Management Inc. lessened its position in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 22.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 123,366 shares of the travel company's stock after selling 35,524 shares during the quarter. Victory Capital Management Inc. owned about 0.09% of Tripadvisor worth $1,822,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB purchased a new position in shares of Tripadvisor during the 4th quarter worth $295,000. Ieq Capital LLC lifted its position in Tripadvisor by 391.1% in the fourth quarter. Ieq Capital LLC now owns 63,680 shares of the travel company's stock valued at $941,000 after buying an additional 50,713 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in Tripadvisor during the fourth quarter worth about $308,000. Charles Schwab Investment Management Inc. increased its position in shares of Tripadvisor by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,199,339 shares of the travel company's stock valued at $17,378,000 after acquiring an additional 55,115 shares during the last quarter. Finally, Boussard & Gavaudan Investment Management LLP purchased a new stake in shares of Tripadvisor in the 3rd quarter valued at approximately $5,159,000. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Tripadvisor Stock Down 0.6 %

TRIP stock traded down $0.09 during trading on Friday, hitting $14.90. 1,054,371 shares of the company's stock were exchanged, compared to its average volume of 2,317,573. The business has a 50-day moving average price of $15.90 and a two-hundred day moving average price of $15.00. 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 $2.09 billion, a price-to-earnings ratio of 745.12, a PEG ratio of 9.01 and a beta of 1.35. Tripadvisor, Inc. has a 52-week low of $12.93 and a 52-week high of $28.76.

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TRIP. Cantor Fitzgerald cut their target price on Tripadvisor from $14.00 to $13.00 and set an "underweight" rating on the stock in a research report on Friday, February 21st. UBS Group restated a "neutral" rating on shares of Tripadvisor in a report on Tuesday, February 4th. 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 research note on Monday, March 10th. StockNews.com raised shares of Tripadvisor from a "hold" rating to a "buy" rating in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. upped their target price on shares of Tripadvisor from $14.00 to $15.00 and gave the stock an "underweight" rating in a research note on Friday, February 21st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Tripadvisor currently has an average rating of "Hold" and an average target price of $17.57.

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.