Clark Estates Inc. NY Invests $3.14 Million in Tripadvisor, Inc. (NASDAQ:TRIP)

Clark Estates Inc. NY acquired a new stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 216,580 shares of the travel company’s stock, valued at approximately $3,138,000.

A number of other institutional investors also recently bought and sold shares of the company. Tidal Investments LLC bought a new stake in shares of Tripadvisor during the 1st quarter valued at about $4,638,000. Boston Partners bought a new stake in Tripadvisor during the first quarter valued at approximately $131,887,000. DekaBank Deutsche Girozentrale increased its holdings in Tripadvisor by 9,356.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 195,467 shares of the travel company’s stock valued at $5,477,000 after buying an additional 193,400 shares during the last quarter. U S Global Investors Inc. increased its holdings in Tripadvisor by 71.8% during the third quarter. U S Global Investors Inc. now owns 1,512,548 shares of the travel company’s stock valued at $21,917,000 after buying an additional 632,353 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in Tripadvisor by 406.7% in the second quarter. Assenagon Asset Management S.A. now owns 736,625 shares of the travel company’s stock worth $13,119,000 after acquiring an additional 591,251 shares during the period. Institutional investors own 98.99% of the company’s stock.

Tripadvisor Price Performance

NASDAQ:TRIP opened at $13.88 on Wednesday. The business’s 50-day moving average is $14.85 and its 200 day moving average is $16.02. Tripadvisor, Inc. has a 12 month low of $12.93 and a 12 month high of $28.76. The company has a market capitalization of $1.93 billion, a P/E ratio of 60.35, a P/E/G ratio of 9.92 and a beta of 1.37. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Wednesday, November 6th. The travel company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.06. The business had revenue of $532.00 million for the quarter, compared to analysts’ expectations of $527.86 million. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 EPS. On average, equities research analysts forecast that Tripadvisor, Inc. will post 0.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TRIP has been the subject of a number of recent research reports. B. Riley boosted their price objective on shares of Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. StockNews.com lowered Tripadvisor from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Truist Financial decreased their price objective on Tripadvisor from $21.00 to $17.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Cantor Fitzgerald cut their price objective on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group decreased their target price on shares of Tripadvisor from $27.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Tripadvisor 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.