Nuveen Asset Management LLC grew its stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 58.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,607,302 shares of the travel company's stock after purchasing an additional 595,053 shares during the quarter. Nuveen Asset Management LLC owned approximately 1.15% of Tripadvisor worth $23,740,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of Tripadvisor in the 4th quarter worth approximately $295,000. ExodusPoint Capital Management LP purchased a new stake in shares of Tripadvisor in the 4th quarter worth approximately $5,170,000. Ieq Capital LLC lifted its position in shares of Tripadvisor by 391.1% in the 4th quarter. Ieq Capital LLC now owns 63,680 shares of the travel company's stock worth $941,000 after purchasing an additional 50,713 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of Tripadvisor in the 4th quarter worth approximately $308,000. Finally, U S Global Investors Inc. lifted its position 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 worth $22,791,000 after purchasing an additional 30,508 shares during the period. Hedge funds and other institutional investors own 98.99% of the company's stock.
Tripadvisor Stock Performance
NASDAQ TRIP traded up $0.56 during mid-day trading on Tuesday, reaching $14.25. 1,555,610 shares of the stock were exchanged, compared to its average volume of 2,378,045. 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 company has a market capitalization of $2.02 billion, a P/E ratio of 712.96, a P/E/G ratio of 9.01 and a beta of 1.27. Tripadvisor, Inc. has a 1 year low of $10.43 and a 1 year high of $18.80. The business's 50 day moving average is $13.34 and its 200-day moving average is $14.50.
Tripadvisor (NASDAQ:TRIP - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The travel company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.09. The business had revenue of $398.00 million for the quarter, compared to the consensus estimate of $386.94 million. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. The company's revenue was up .8% compared to the same quarter last year. During the same period last year, the firm posted $0.12 earnings per share. On average, equities research analysts forecast that Tripadvisor, Inc. will post 0.46 EPS for the current fiscal year.
Wall Street Analyst Weigh In
TRIP has been the subject of several research reports. DA Davidson reaffirmed a "neutral" rating and issued a $16.00 price target on shares of Tripadvisor in a research report on Thursday, February 20th. JPMorgan Chase & Co. upped their price target on shares of Tripadvisor from $11.00 to $13.00 and gave the company an "underweight" rating in a research note on Friday, May 9th. Cantor Fitzgerald cut their price objective 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. UBS Group increased their price objective on shares of Tripadvisor from $15.00 to $16.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Finally, Wall Street Zen upgraded shares of Tripadvisor from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Tripadvisor currently has a consensus rating of "Hold" and an average target price of $17.25.
Read Our Latest Stock Analysis on Tripadvisor
Insider Buying and Selling at Tripadvisor
In other Tripadvisor news, CEO Almir Ambeskovic sold 16,643 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $15.33, for a total transaction of $255,137.19. Following the transaction, the chief executive officer now directly owns 15,931 shares of the company's stock, valued at $244,222.23. This trade represents a 51.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.10% of the company's stock.
Tripadvisor Profile
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Free Report)
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.
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