Wittenberg Investment Management Inc. Acquires Shares of 75,000 Tripadvisor, Inc. (NASDAQ:TRIP)

Wittenberg Investment Management Inc. bought a new position in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 75,000 shares of the travel company's stock, valued at approximately $1,087,000. Wittenberg Investment Management Inc. owned approximately 0.05% of Tripadvisor as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the business. Capital Performance Advisors LLP acquired a new position in Tripadvisor during the third quarter worth approximately $28,000. Fifth Third Bancorp raised its stake in shares of Tripadvisor by 104.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company's stock worth $30,000 after buying an additional 846 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in Tripadvisor during the third quarter worth about $43,000. Quest Partners LLC lifted its position in shares of Tripadvisor by 14,244.4% during the 2nd quarter. Quest Partners LLC now owns 2,582 shares of the travel company's stock valued at $46,000 after acquiring an additional 2,564 shares during the period. Finally, KBC Group NV boosted its stake in shares of Tripadvisor by 65.3% during the 3rd quarter. KBC Group NV now owns 4,499 shares of the travel company's stock worth $65,000 after acquiring an additional 1,777 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company's stock.

Tripadvisor Price Performance

Shares of NASDAQ:TRIP traded up $0.44 on Monday, hitting $14.31. The stock had a trading volume of 1,163,239 shares, compared to its average volume of 2,324,518. The firm's 50 day moving average price is $14.83 and its 200-day moving average price is $16.05. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85. Tripadvisor, Inc. has a twelve month low of $12.93 and a twelve month high of $28.76. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 62.00, a price-to-earnings-growth ratio of 9.69 and a beta of 1.37.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last posted its earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.06. The company had revenue of $532.00 million during the quarter, compared to analysts' expectations of $527.86 million. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. Tripadvisor's quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 earnings per share. On average, equities research analysts predict that Tripadvisor, Inc. will post 0.36 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on TRIP shares. The Goldman Sachs Group reduced their price objective on Tripadvisor from $27.00 to $24.00 and set a "buy" rating for the company in a report on Thursday, August 8th. StockNews.com lowered Tripadvisor from a "buy" rating to a "hold" rating in a research report on Friday, November 8th. Citigroup dropped their price objective on Tripadvisor from $20.00 to $16.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 24th. JPMorgan Chase & Co. decreased their price target on shares of Tripadvisor from $17.00 to $14.00 and set an "underweight" rating on the stock in a research report on Wednesday, August 7th. Finally, B. Riley increased their price objective on Tripadvisor from $19.00 to $20.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $18.33.

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.