713,163 Shares in Tripadvisor, Inc. (NASDAQ:TRIP) Purchased by Toronado Partners LLC

Toronado Partners LLC bought a new position in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 713,163 shares of the travel company's stock, valued at approximately $10,533,000. Tripadvisor makes up about 6.7% of Toronado Partners LLC's holdings, making the stock its 10th biggest position. Toronado Partners LLC owned about 0.51% of Tripadvisor as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Sterling Capital Management LLC lifted its position in shares of Tripadvisor by 55.5% during the 4th quarter. Sterling Capital Management LLC now owns 6,219 shares of the travel company's stock valued at $92,000 after acquiring an additional 2,219 shares during the period. Quinn Opportunity Partners LLC grew its stake in Tripadvisor by 51.8% during the fourth quarter. Quinn Opportunity Partners LLC now owns 249,063 shares of the travel company's stock worth $3,679,000 after buying an additional 85,006 shares in the last quarter. Covestor Ltd raised its position in shares of Tripadvisor by 806.6% in the 4th quarter. Covestor Ltd now owns 6,564 shares of the travel company's stock valued at $97,000 after buying an additional 5,840 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Tripadvisor during the 4th quarter worth approximately $3,009,000. Finally, Greenland Capital Management LP acquired a new stake in shares of Tripadvisor during the 4th quarter worth approximately $523,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Tripadvisor Stock Up 0.1 %

NASDAQ TRIP traded up $0.01 during mid-day trading on Thursday, hitting $11.78. The company's stock had a trading volume of 694,887 shares, compared to its average volume of 2,451,825. The company has a current ratio of 2.10, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. The company's 50 day simple moving average is $14.35 and its 200 day simple moving average is $14.84. Tripadvisor, Inc. has a twelve month low of $10.43 and a twelve month high of $27.63. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 588.54, a PEG ratio of 9.01 and a beta of 1.25.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The travel company reported $0.13 earnings per share 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 the consensus estimate of $400.02 million. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. Analysts anticipate that Tripadvisor, Inc. will post 0.46 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. UBS Group reaffirmed a "neutral" rating on shares of Tripadvisor in a report on Tuesday, February 4th. StockNews.com upgraded Tripadvisor from a "hold" rating to a "buy" rating in a research report on Monday, February 24th. JPMorgan Chase & Co. cut their price target on Tripadvisor from $15.00 to $11.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. Wedbush reiterated a "neutral" rating and set a $17.00 target price on shares of Tripadvisor in a research report on Thursday, December 19th. Finally, DA Davidson restated a "neutral" rating and set a $16.00 price objective on shares of Tripadvisor in a research report on Thursday, February 20th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $17.29.

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.