4,747,604 Shares in Tripadvisor, Inc. (NASDAQ:TRIP) Purchased by Boston Partners

Boston Partners purchased a new stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,747,604 shares of the travel company’s stock, valued at approximately $131,887,000.

Other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC increased its position in shares of Tripadvisor by 2,053.0% during the fourth quarter. International Assets Investment Management LLC now owns 2,153 shares of the travel company’s stock valued at $46,000 after acquiring an additional 2,053 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Tripadvisor by 52.6% during the fourth quarter. Quadrant Capital Group LLC now owns 2,497 shares of the travel company’s stock valued at $54,000 after acquiring an additional 861 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of Tripadvisor during the first quarter valued at about $83,000. SYSTM Wealth Solutions LLC increased its position in shares of Tripadvisor by 10.5% during the first quarter. SYSTM Wealth Solutions LLC now owns 4,527 shares of the travel company’s stock valued at $126,000 after acquiring an additional 432 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Tripadvisor by 46.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,158 shares of the travel company’s stock valued at $111,000 after acquiring an additional 1,641 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Tripadvisor Stock Down 3.7 %

Shares of NASDAQ:TRIP traded down $0.63 during trading on Friday, hitting $16.22. 1,912,251 shares of the company were exchanged, compared to its average volume of 1,384,787. The stock has a market capitalization of $2.26 billion, a P/E ratio of 108.14, a PEG ratio of 1.48 and a beta of 1.42. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.69 and a quick ratio of 1.69. Tripadvisor, Inc. has a 12-month low of $14.15 and a 12-month high of $28.76. The firm’s 50 day moving average price is $17.86 and its 200-day moving average price is $22.19.

Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Wednesday, May 8th. The travel company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.08. The business had revenue of $395.00 million for the quarter, compared to analysts’ expectations of $390.93 million. Tripadvisor had a net margin of 1.32% and a return on equity of 12.03%. On average, research analysts predict that Tripadvisor, Inc. will post 0.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

TRIP has been the subject of several recent research reports. BMO Capital Markets lowered their price objective on shares of Tripadvisor from $23.00 to $20.00 and set a “market perform” rating for the company in a research note on Thursday, May 9th. Wedbush reissued a “neutral” rating and issued a $21.00 price objective on shares of Tripadvisor in a research note on Friday, May 24th. Barclays lowered their price objective on shares of Tripadvisor from $20.00 to $15.00 and set an “underweight” rating for the company in a research note on Friday, May 10th. The Goldman Sachs Group lowered their price objective on shares of Tripadvisor from $34.00 to $27.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Finally, DA Davidson lowered shares of Tripadvisor from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $31.00 to $20.00 in a research note on Thursday, May 9th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $22.19.

About Tripadvisor

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.