First Hawaiian Bank Decreases Stock Position in Tripadvisor, Inc. (NASDAQ:TRIP)

First Hawaiian Bank lowered its stake in Tripadvisor, Inc. (NASDAQ:TRIP) by 21.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,360 shares of the travel company’s stock after selling 3,325 shares during the quarter. First Hawaiian Bank’s holdings in Tripadvisor were worth $220,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Tripadvisor by 6.6% in the 4th quarter. Vanguard Group Inc. now owns 12,876,614 shares of the travel company’s stock worth $277,233,000 after purchasing an additional 791,940 shares in the last quarter. Boston Partners purchased a new stake in Tripadvisor in the 1st quarter worth $131,887,000. Dimensional Fund Advisors LP lifted its stake in Tripadvisor by 9.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,438,349 shares of the travel company’s stock worth $74,027,000 after purchasing an additional 304,975 shares in the last quarter. Norges Bank purchased a new stake in shares of Tripadvisor during the 4th quarter valued at about $27,807,000. Finally, Contrarius Investment Management Ltd purchased a new stake in shares of Tripadvisor during the 4th quarter valued at about $9,859,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Tripadvisor Price Performance

Shares of TRIP stock opened at $16.32 on Wednesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market capitalization of $2.27 billion, a P/E ratio of 108.80, a P/E/G ratio of 1.42 and a beta of 1.42. The company’s 50-day simple moving average is $17.79 and its two-hundred day simple moving average is $22.16. Tripadvisor, Inc. has a one year low of $14.15 and a one year high of $28.76.

Tripadvisor (NASDAQ:TRIP) last issued its earnings results on Wednesday, May 8th. The travel company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.08. The business had revenue of $395.00 million for the quarter, compared to the consensus estimate of $390.93 million. Tripadvisor had a net margin of 1.32% and a return on equity of 12.03%. As a group, equities analysts anticipate that Tripadvisor, Inc. will post 0.63 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on TRIP shares. Barclays decreased their target price on shares of Tripadvisor from $20.00 to $15.00 and set an “underweight” rating on the stock in a research report on Friday, May 10th. Wedbush restated a “neutral” rating and set a $21.00 target price on shares of Tripadvisor in a research report on Friday, May 24th. BMO Capital Markets decreased their target price on shares of Tripadvisor from $23.00 to $20.00 and set a “market perform” rating on the stock in a research report on Thursday, May 9th. Truist Financial decreased their target price on shares of Tripadvisor from $28.00 to $21.00 and set a “hold” rating on the stock in a research report on Thursday, May 30th. Finally, The Goldman Sachs Group decreased their target price on shares of Tripadvisor from $34.00 to $27.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $21.43.

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.