DekaBank Deutsche Girozentrale Has $2.86 Million Position in Tripadvisor, Inc. (NASDAQ:TRIP)

DekaBank Deutsche Girozentrale lowered its holdings in Tripadvisor, Inc. (NASDAQ:TRIP) by 8.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 195,467 shares of the travel company’s stock after selling 18,151 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Tripadvisor were worth $2,860,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Acadian Asset Management LLC raised its position in shares of Tripadvisor by 589.5% during the first quarter. Acadian Asset Management LLC now owns 34,946 shares of the travel company’s stock worth $970,000 after acquiring an additional 29,878 shares during the last quarter. Tidal Investments LLC bought a new stake in shares of Tripadvisor during the first quarter worth $4,638,000. Boston Partners bought a new stake in shares of Tripadvisor during the first quarter worth $131,887,000. U S Global Investors Inc. raised its position in shares of Tripadvisor by 71.8% during the third quarter. U S Global Investors Inc. now owns 1,512,548 shares of the travel company’s stock worth $21,917,000 after acquiring an additional 632,353 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Tripadvisor by 406.7% during the second quarter. Assenagon Asset Management S.A. now owns 736,625 shares of the travel company’s stock worth $13,119,000 after acquiring an additional 591,251 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TRIP. UBS Group dropped their target price on Tripadvisor from $20.00 to $18.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. JPMorgan Chase & Co. dropped their target price on Tripadvisor from $17.00 to $14.00 and set an “underweight” rating for the company in a research report on Wednesday, August 7th. Wedbush reiterated 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. Finally, DA Davidson dropped 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. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Tripadvisor has a consensus rating of “Hold” and a consensus target price of $18.33.

Tripadvisor Stock Performance

Shares of NASDAQ TRIP opened at $16.13 on Friday. The stock has a 50 day moving average price of $14.60 and a 200 day moving average price of $17.30. Tripadvisor, Inc. has a 52 week low of $12.93 and a 52 week high of $28.76. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.68 and a current ratio of 1.68. The stock has a market capitalization of $2.24 billion, a PE ratio of 107.53, a price-to-earnings-growth ratio of 10.62 and a beta of 1.39.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings data on Tuesday, August 6th. The travel company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $497.00 million for the quarter, compared to analyst estimates of $504.76 million. Tripadvisor had a return on equity of 11.81% and a net margin of 1.32%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.21 earnings per share. Analysts predict that Tripadvisor, Inc. will post 0.38 earnings per share for the current fiscal year.

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.