Toth Financial Advisory Corp Makes New Investment in Tripadvisor, Inc. (NASDAQ:TRIP)

Toth Financial Advisory Corp bought a new position in shares of Tripadvisor, Inc. (NASDAQ:TRIP) during the first quarter, HoldingsChannel.com reports. The firm bought 26,500 shares of the travel company’s stock, valued at approximately $736,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC bought a new stake in Tripadvisor during the 1st quarter worth approximately $83,000. Confluence Investment Management LLC bought a new stake in Tripadvisor during the 1st quarter worth approximately $5,218,000. Vanguard Group Inc. raised its stake in Tripadvisor by 6.6% during the 4th quarter. Vanguard Group Inc. now owns 12,876,614 shares of the travel company’s stock worth $277,233,000 after acquiring an additional 791,940 shares during the period. AdvisorShares Investments LLC bought a new stake in Tripadvisor during the 4th quarter worth approximately $183,000. Finally, Tower Research Capital LLC TRC raised its stake in Tripadvisor by 46.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,158 shares of the travel company’s stock worth $111,000 after acquiring an additional 1,641 shares during the period. Institutional investors own 98.99% of the company’s stock.

Analyst Ratings Changes

TRIP has been the topic of several recent analyst reports. Mizuho reduced their price objective on shares of Tripadvisor from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, May 9th. Barclays reduced their price objective 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. UBS Group reduced their price objective on shares of Tripadvisor from $27.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, May 9th. Wedbush reiterated a “neutral” rating and set a $21.00 price objective on shares of Tripadvisor in a research report on Friday, May 24th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Tripadvisor from $25.00 to $17.00 and set an “underweight” rating on the stock in a research report on Thursday, May 9th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $21.76.

Tripadvisor Stock Up 1.9 %

NASDAQ TRIP opened at $17.81 on Friday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.08. The company has a fifty day moving average of $20.09 and a two-hundred day moving average of $22.72. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 118.74, a PEG ratio of 1.60 and a beta of 1.44. Tripadvisor, Inc. has a 52 week low of $14.15 and a 52 week high of $28.76.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Wednesday, May 8th. The travel company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.08. The company had revenue of $395.00 million during the quarter, compared to analyst estimates of $390.93 million. Tripadvisor had a net margin of 1.32% and a return on equity of 12.03%. On average, analysts predict that Tripadvisor, Inc. will post 0.62 earnings per share for the current year.

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.