Pallas Capital Advisors LLC Sells 5,381 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Pallas Capital Advisors LLC cut its position in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 33.2% in the fourth quarter, HoldingsChannel reports. The firm owned 10,817 shares of the travel company’s stock after selling 5,381 shares during the period. Pallas Capital Advisors LLC’s holdings in Tripadvisor were worth $160,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. True Wealth Design LLC purchased a new position in shares of Tripadvisor during the third quarter valued at $27,000. Capital Performance Advisors LLP bought a new position in Tripadvisor during the 3rd quarter worth about $28,000. Future Financial Wealth Managment LLC purchased a new position in Tripadvisor during the 3rd quarter valued at about $43,000. Quest Partners LLC raised its holdings in shares of Tripadvisor by 14,244.4% in the 2nd quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock valued at $46,000 after purchasing an additional 2,564 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Tripadvisor by 204.7% in the 4th quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company’s stock worth $54,000 after purchasing an additional 2,469 shares during the period. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. B. Riley lifted their price objective on shares of Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. StockNews.com downgraded Tripadvisor from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Cantor Fitzgerald decreased their price objective on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Thursday, November 7th. DA Davidson reiterated a “neutral” rating and issued a $16.00 target price on shares of Tripadvisor in a research note on Thursday, December 19th. Finally, Citigroup reduced their target price on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $17.50.

Tripadvisor Stock Performance

TRIP opened at $15.26 on Thursday. The company has a market cap of $2.13 billion, a P/E ratio of 66.35, a price-to-earnings-growth ratio of 9.35 and a beta of 1.33. 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 firm’s 50-day moving average price is $14.36 and its 200-day moving average price is $15.05. Tripadvisor, Inc. has a 52-week low of $12.93 and a 52-week high of $28.76.

Tripadvisor (NASDAQ:TRIP) last released its earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.06. The company had revenue of $532.00 million for the quarter, compared to the consensus estimate of $527.86 million. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. Tripadvisor’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 EPS. As a group, equities analysts anticipate that Tripadvisor, Inc. will post 0.37 EPS for the current fiscal year.

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.