Stifel Financial Corp lowered its position in shares of Tripadvisor, Inc. (NASDAQ:TRIP – Free Report) by 64.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 17,263 shares of the travel company’s stock after selling 30,634 shares during the period. Stifel Financial Corp’s holdings in Tripadvisor were worth $250,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of TRIP. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Tripadvisor by 28.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,487 shares of the travel company’s stock valued at $472,000 after buying an additional 5,802 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in Tripadvisor by 525.7% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 56,197 shares of the travel company’s stock valued at $1,001,000 after purchasing an additional 47,216 shares during the last quarter. Versor Investments LP increased its stake in Tripadvisor by 111.3% during the 2nd quarter. Versor Investments LP now owns 17,433 shares of the travel company’s stock valued at $310,000 after purchasing an additional 9,184 shares in the last quarter. Rhumbline Advisers raised its holdings in Tripadvisor by 8.1% in the second quarter. Rhumbline Advisers now owns 278,067 shares of the travel company’s stock worth $4,952,000 after buying an additional 20,776 shares during the last quarter. Finally, Acorn Financial Advisory Services Inc. ADV lifted its stake in shares of Tripadvisor by 24.1% in the second quarter. Acorn Financial Advisory Services Inc. ADV now owns 76,569 shares of the travel company’s stock worth $1,364,000 after buying an additional 14,851 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.
Tripadvisor Stock Up 1.0 %
NASDAQ TRIP opened at $14.55 on Monday. Tripadvisor, Inc. has a 52 week low of $12.93 and a 52 week high of $28.76. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $2.03 billion, a P/E ratio of 63.26, a price-to-earnings-growth ratio of 9.35 and a beta of 1.36. The stock’s 50-day moving average price is $14.57 and its 200-day moving average price is $15.32.
Tripadvisor (NASDAQ:TRIP – Get Free Report) last released its earnings results on Wednesday, November 6th. The travel company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. The company had revenue of $532.00 million for the quarter, compared to analysts’ expectations of $527.86 million. During the same quarter last year, the business earned $0.35 EPS. The firm’s revenue was down .2% compared to the same quarter last year. On average, equities research analysts predict that Tripadvisor, Inc. will post 0.37 earnings per share for the current year.
Analyst Ratings Changes
Several equities analysts recently issued reports on TRIP shares. Wedbush reiterated a “neutral” rating and set a $17.00 target price on shares of Tripadvisor in a research note on Thursday, December 19th. StockNews.com raised Tripadvisor from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Truist Financial lowered their target price on shares of Tripadvisor from $21.00 to $17.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. B. Riley lifted their price target on shares of Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Citigroup lowered their price objective on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Tripadvisor has an average rating of “Hold” and an average target price of $17.50.
Get Our Latest Stock Report on TRIP
Tripadvisor Company Profile
(Free Report)
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.
Further Reading
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