Royce & Associates LP Purchases 18,540 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Royce & Associates LP grew its position in Tripadvisor, Inc. (NASDAQ:TRIP) by 32.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 75,630 shares of the travel company’s stock after purchasing an additional 18,540 shares during the period. Royce & Associates LP’s holdings in Tripadvisor were worth $1,117,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of TRIP. KBC Group NV lifted its position in shares of Tripadvisor by 65.3% in the third quarter. KBC Group NV now owns 4,499 shares of the travel company’s stock worth $65,000 after purchasing an additional 1,777 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in Tripadvisor during the 3rd quarter worth about $2,788,000. Pacer Advisors Inc. boosted its stake in shares of Tripadvisor by 167.6% during the 3rd quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company’s stock worth $73,431,000 after buying an additional 3,173,817 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Tripadvisor by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,199,339 shares of the travel company’s stock valued at $17,378,000 after acquiring an additional 55,115 shares in the last quarter. Finally, Citigroup Inc. increased its position in shares of Tripadvisor by 34.4% in the third quarter. Citigroup Inc. now owns 258,119 shares of the travel company’s stock valued at $3,740,000 after acquiring an additional 66,042 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors.

Tripadvisor Stock Down 0.6 %

TRIP opened at $14.89 on Friday. The stock has a fifty day moving average of $15.91 and a 200-day moving average of $15.00. The company has a market capitalization of $2.09 billion, a P/E ratio of 744.87, a P/E/G ratio of 9.01 and a beta of 1.35. Tripadvisor, Inc. has a fifty-two week low of $12.93 and a fifty-two week high of $28.76. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 2.10.

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Wedbush reissued a “neutral” rating and set a $17.00 price target on shares of Tripadvisor in a research report on Thursday, December 19th. StockNews.com raised Tripadvisor from a “hold” rating to a “buy” rating in a report on Monday, February 24th. JPMorgan Chase & Co. raised their target price on shares of Tripadvisor from $14.00 to $15.00 and gave the company an “underweight” rating in a research note on Friday, February 21st. DA Davidson reaffirmed a “neutral” rating and set a $16.00 price target on shares of Tripadvisor in a research report on Thursday, February 20th. Finally, B. Riley lowered their price objective on shares of Tripadvisor from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, March 10th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Tripadvisor currently has a consensus rating of “Hold” and an average target price of $17.57.

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.