River Global Investors LLP Sells 32,548 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

River Global Investors LLP decreased its holdings in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 44.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,260 shares of the travel company’s stock after selling 32,548 shares during the quarter. River Global Investors LLP’s holdings in Tripadvisor were worth $595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Edgestream Partners L.P. bought a new position in shares of Tripadvisor in the fourth quarter worth $579,000. Raymond James Financial Inc. bought a new position in shares of Tripadvisor in the fourth quarter worth $3,009,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Tripadvisor by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,204,362 shares of the travel company’s stock worth $17,788,000 after purchasing an additional 5,023 shares during the period. SRS Capital Advisors Inc. bought a new position in shares of Tripadvisor in the fourth quarter worth $71,000. Finally, U S Global Investors Inc. increased its holdings in shares of Tripadvisor by 2.0% in the fourth quarter. U S Global Investors Inc. now owns 1,543,056 shares of the travel company’s stock worth $22,791,000 after purchasing an additional 30,508 shares during the period. Institutional investors own 98.99% of the company’s stock.

Tripadvisor Stock Performance

NASDAQ TRIP opened at $14.17 on Friday. The company has a quick ratio of 1.85, a current ratio of 2.10 and a debt-to-equity ratio of 0.93. The company has a 50-day simple moving average of $16.07 and a two-hundred day simple moving average of $15.03. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 708.85, a PEG ratio of 9.01 and a beta of 1.35. Tripadvisor, Inc. has a 12-month low of $12.93 and a 12-month high of $28.76.

Tripadvisor (NASDAQ:TRIP) last posted its earnings results on Thursday, February 20th. The travel company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The firm had revenue of $411.00 million for the quarter, compared to analysts’ expectations of $400.02 million. Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. On average, equities analysts forecast that Tripadvisor, Inc. will post 0.46 EPS for the current year.

Analyst Ratings Changes

TRIP has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Tripadvisor from $14.00 to $15.00 and gave the stock an “underweight” rating in a report on Friday, February 21st. Cantor Fitzgerald reduced their target price on Tripadvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a research note on Friday, February 21st. Wedbush reissued a “neutral” rating and issued a $17.00 target price on shares of Tripadvisor in a research note on Thursday, December 19th. UBS Group reissued a “neutral” rating on shares of Tripadvisor in a research note on Tuesday, February 4th. Finally, DA Davidson reissued a “neutral” rating and issued a $16.00 target price on shares of Tripadvisor in a research note on Thursday, February 20th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tripadvisor has a consensus rating of “Hold” and an average price target of $17.71.

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.