Royce & Associates LP Grows Stock Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Royce & Associates LP increased its stake in Tripadvisor, Inc. (NASDAQ:TRIP) by 75.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,090 shares of the travel company’s stock after buying an additional 24,591 shares during the quarter. Royce & Associates LP’s holdings in Tripadvisor were worth $827,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Boston Partners bought a new stake in shares of Tripadvisor in the 1st quarter worth about $131,887,000. River Road Asset Management LLC raised its position in Tripadvisor by 33.3% in the 3rd quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company’s stock worth $53,179,000 after purchasing an additional 917,689 shares during the period. Dimensional Fund Advisors LP lifted its stake in Tripadvisor by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,733,746 shares of the travel company’s stock worth $48,686,000 after purchasing an additional 95,138 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Tripadvisor by 53.0% during the second quarter. AQR Capital Management LLC now owns 2,375,868 shares of the travel company’s stock valued at $41,364,000 after buying an additional 822,712 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. grew its stake in shares of Tripadvisor by 4.9% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,292,087 shares of the travel company’s stock valued at $40,822,000 after buying an additional 107,154 shares during the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Tripadvisor Stock Down 0.6 %

NASDAQ:TRIP opened at $13.35 on Thursday. The company’s 50-day simple moving average is $14.82 and its 200-day simple moving average is $16.23. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85. Tripadvisor, Inc. has a fifty-two week low of $12.93 and a fifty-two week high of $28.76. The stock has a market capitalization of $1.86 billion, a P/E ratio of 58.04, a P/E/G ratio of 9.73 and a beta of 1.37.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.06. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. The business had revenue of $532.00 million for the quarter, compared to analyst estimates of $527.86 million. During the same period in the previous year, the company earned $0.35 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis. On average, equities analysts anticipate that Tripadvisor, Inc. will post 0.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on TRIP. JPMorgan Chase & Co. dropped their price objective on Tripadvisor from $17.00 to $14.00 and set an “underweight” rating for the company in a report on Wednesday, August 7th. UBS Group reduced their price target on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Wedbush reissued a “neutral” rating and issued a $17.00 price objective (up from $16.00) on shares of Tripadvisor in a research report on Thursday, November 7th. Truist Financial decreased their price target on shares of Tripadvisor from $21.00 to $17.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Finally, Citigroup reduced their price objective on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Tripadvisor presently has a consensus rating of “Hold” and a consensus price target of $18.33.

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.