Crossmark Global Holdings Inc. Has $1 Million Stake in Tripadvisor, Inc. (NASDAQ:TRIP)

Crossmark Global Holdings Inc. grew its holdings in Tripadvisor, Inc. (NASDAQ:TRIP) by 525.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 56,197 shares of the travel company’s stock after acquiring an additional 47,216 shares during the period. Crossmark Global Holdings Inc.’s holdings in Tripadvisor were worth $1,001,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in TRIP. Fifth Third Bancorp lifted its holdings in Tripadvisor by 104.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock worth $30,000 after purchasing an additional 846 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in Tripadvisor by 52.6% during the 4th quarter. Quadrant Capital Group LLC now owns 2,497 shares of the travel company’s stock worth $54,000 after purchasing an additional 861 shares during the last quarter. Gladius Capital Management LP acquired a new stake in Tripadvisor during the 2nd quarter worth approximately $79,000. Future Financial Wealth Managment LLC acquired a new stake in Tripadvisor during the 1st quarter worth approximately $83,000. Finally, SYSTM Wealth Solutions LLC raised its holdings in Tripadvisor by 10.5% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 4,527 shares of the travel company’s stock valued at $126,000 after acquiring an additional 432 shares in the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Wedbush reaffirmed a “neutral” rating and issued a $21.00 price objective on shares of Tripadvisor in a report on Wednesday, August 7th. The Goldman Sachs Group dropped their price objective on Tripadvisor from $27.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, August 8th. UBS Group decreased their price target on Tripadvisor from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. B. Riley lowered Tripadvisor from a “buy” rating to a “neutral” rating and decreased their price target for the company from $26.00 to $19.00 in a research note on Wednesday, August 7th. Finally, BMO Capital Markets decreased their price target on Tripadvisor from $20.00 to $17.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Tripadvisor currently has a consensus rating of “Hold” and an average price target of $19.93.

Tripadvisor Stock Down 0.4 %

Shares of TRIP opened at $14.51 on Friday. The company has a market capitalization of $2.01 billion, a PE ratio of 96.74, a PEG ratio of 1.87 and a beta of 1.42. Tripadvisor, Inc. has a 12 month low of $13.30 and a 12 month high of $28.76. The stock’s 50-day moving average price is $16.34 and its two-hundred day moving average price is $21.17. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.04.

Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Tuesday, August 6th. The travel company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $497.00 million for the quarter, compared to the consensus estimate of $504.76 million. Tripadvisor had a return on equity of 11.81% and a net margin of 1.32%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 EPS. On average, analysts anticipate that Tripadvisor, Inc. will post 0.43 EPS for the current year.

Tripadvisor 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.