Tripadvisor, Inc. (NASDAQ:TRIP) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its position in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 13.1% during the fourth quarter, Holdings Channel reports. The fund owned 15,649 shares of the travel company’s stock after selling 2,361 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Tripadvisor were worth $231,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. State Street Corp boosted its position in Tripadvisor by 1.0% during the third quarter. State Street Corp now owns 3,457,661 shares of the travel company’s stock worth $50,102,000 after acquiring an additional 33,809 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Tripadvisor by 15.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,566,342 shares of the travel company’s stock valued at $37,186,000 after purchasing an additional 334,961 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Tripadvisor by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,822,913 shares of the travel company’s stock valued at $26,421,000 after purchasing an additional 18,059 shares during the last quarter. U S Global Investors Inc. boosted its holdings in shares of Tripadvisor by 2.0% in the 4th quarter. U S Global Investors Inc. now owns 1,543,056 shares of the travel company’s stock valued at $22,791,000 after purchasing an additional 30,508 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Tripadvisor by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,204,362 shares of the travel company’s stock valued at $17,788,000 after purchasing an additional 5,023 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Tripadvisor Trading Down 0.6 %

NASDAQ TRIP opened at $14.89 on Friday. Tripadvisor, Inc. has a one year low of $12.93 and a one year high of $28.64. The company has a 50-day simple moving average of $15.91 and a 200-day simple moving average of $15.01. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 2.10. The firm has a market capitalization of $2.09 billion, a PE ratio of 744.87, a price-to-earnings-growth ratio of 9.01 and a beta of 1.35.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Thursday, February 20th. The travel company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.08). The business had revenue of $411.00 million during the quarter, compared to analyst estimates of $400.02 million. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. On average, equities analysts forecast that Tripadvisor, Inc. will post 0.46 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. B. Riley decreased their price target on shares of Tripadvisor from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, March 10th. Wedbush restated a “neutral” rating and set a $17.00 target price on shares of Tripadvisor in a report on Thursday, December 19th. JPMorgan Chase & Co. lifted their price target on shares of Tripadvisor from $14.00 to $15.00 and gave the stock an “underweight” rating in a research note on Friday, February 21st. Cantor Fitzgerald dropped their price target on shares of Tripadvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a research note on Friday, February 21st. Finally, DA Davidson reaffirmed a “neutral” rating and set a $16.00 price target on shares of Tripadvisor in a research note on Thursday, February 20th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.57.

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.