Wealth Enhancement Advisory Services LLC Purchases Shares of 14,319 Tripadvisor, Inc. (NASDAQ:TRIP)

Wealth Enhancement Advisory Services LLC acquired a new position in Tripadvisor, Inc. (NASDAQ:TRIP) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 14,319 shares of the travel company’s stock, valued at approximately $207,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of TRIP. Acadian Asset Management LLC raised its position in Tripadvisor by 589.5% during the 1st quarter. Acadian Asset Management LLC now owns 34,946 shares of the travel company’s stock worth $970,000 after buying an additional 29,878 shares during the last quarter. Tidal Investments LLC purchased a new position in shares of Tripadvisor during the first quarter worth $4,638,000. Boston Partners acquired a new position in Tripadvisor during the first quarter valued at $131,887,000. DekaBank Deutsche Girozentrale boosted its holdings in Tripadvisor by 9,356.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 195,467 shares of the travel company’s stock valued at $5,477,000 after purchasing an additional 193,400 shares during the last quarter. Finally, U S Global Investors Inc. grew its position in Tripadvisor by 71.8% during the 3rd quarter. U S Global Investors Inc. now owns 1,512,548 shares of the travel company’s stock worth $21,917,000 after purchasing an additional 632,353 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Tripadvisor Trading Down 3.6 %

Shares of Tripadvisor stock opened at $14.26 on Wednesday. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.93. Tripadvisor, Inc. has a twelve month low of $12.93 and a twelve month high of $28.76. The firm has a market capitalization of $1.98 billion, a PE ratio of 62.00, a P/E/G ratio of 10.19 and a beta of 1.37. The firm’s 50-day moving average price is $14.79 and its 200 day moving average price is $16.69.

Tripadvisor (NASDAQ:TRIP) last released its earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.06. The business had revenue of $532.00 million for the quarter, compared to the consensus estimate of $527.86 million. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 earnings per share. On average, sell-side analysts predict that Tripadvisor, Inc. will post 0.38 EPS for the current fiscal year.

Analyst Ratings Changes

TRIP has been the subject of several analyst reports. DA Davidson decreased their price objective on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, August 12th. The Goldman Sachs Group decreased their price target on Tripadvisor from $27.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Cantor Fitzgerald dropped their price objective on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a research note on Thursday, November 7th. JPMorgan Chase & Co. decreased their target price on shares of Tripadvisor from $17.00 to $14.00 and set an “underweight” rating for the company in a research note on Wednesday, August 7th. Finally, StockNews.com lowered shares of Tripadvisor from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Tripadvisor has an average rating of “Hold” and an average price target of $18.33.

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.