Vanguard Group Inc. Increases Stock Holdings in Tripadvisor, Inc. (NASDAQ:TRIP)

Vanguard Group Inc. boosted its stake in Tripadvisor, Inc. (NASDAQ:TRIP) by 6.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,876,614 shares of the travel company’s stock after acquiring an additional 791,940 shares during the quarter. Vanguard Group Inc. owned about 9.34% of Tripadvisor worth $277,233,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Public Sector Pension Investment Board purchased a new position in Tripadvisor in the third quarter valued at about $2,206,000. Moody Aldrich Partners LLC acquired a new stake in shares of Tripadvisor during the fourth quarter worth approximately $3,520,000. Contrarius Investment Management Ltd acquired a new stake in Tripadvisor in the fourth quarter valued at $9,859,000. Oliver Luxxe Assets LLC bought a new position in Tripadvisor during the 4th quarter valued at $542,000. Finally, Graham Capital Management L.P. boosted its stake in Tripadvisor by 170.7% during the 3rd quarter. Graham Capital Management L.P. now owns 91,148 shares of the travel company’s stock valued at $1,511,000 after acquiring an additional 57,480 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Citigroup upped their target price on shares of Tripadvisor from $23.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Mizuho decreased their target price on Tripadvisor from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Thursday, May 9th. Wedbush reissued a “neutral” rating and set a $21.00 price target on shares of Tripadvisor in a research report on Friday, May 24th. Barclays reduced their price objective on Tripadvisor from $20.00 to $15.00 and set an “underweight” rating on the stock in a research note on Friday, May 10th. Finally, DA Davidson cut shares of Tripadvisor from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $31.00 to $20.00 in a report on Thursday, May 9th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.76.

Tripadvisor Stock Performance

Shares of TRIP stock opened at $17.81 on Monday. Tripadvisor, Inc. has a 12-month low of $14.15 and a 12-month high of $28.76. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.69 and a quick ratio of 1.69. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 118.74, a price-to-earnings-growth ratio of 1.60 and a beta of 1.44. The business has a 50 day simple moving average of $20.09 and a 200 day simple moving average of $22.75.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Wednesday, May 8th. The travel company reported ($0.08) earnings per share (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 analysts’ expectations of $390.93 million. Tripadvisor had a return on equity of 12.03% and a net margin of 1.32%. On average, equities research analysts anticipate that Tripadvisor, Inc. will post 0.62 EPS 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.