Palogic Value Management L.P. Sells 30,000 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Palogic Value Management L.P. lowered its stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 21.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,000 shares of the travel company's stock after selling 30,000 shares during the quarter. Palogic Value Management L.P. owned about 0.08% of Tripadvisor worth $1,625,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its stake in Tripadvisor by 179.5% during the fourth quarter. Ameriprise Financial Inc. now owns 4,412,426 shares of the travel company's stock worth $65,172,000 after purchasing an additional 2,833,528 shares during the last quarter. River Road Asset Management LLC lifted its stake in Tripadvisor by 1.3% during the fourth quarter. River Road Asset Management LLC now owns 3,715,961 shares of the travel company's stock worth $54,885,000 after purchasing an additional 45,898 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Tripadvisor by 20.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,633,866 shares of the travel company's stock worth $53,674,000 after purchasing an additional 615,519 shares during the last quarter. AQR Capital Management LLC lifted its stake in Tripadvisor by 40.1% during the fourth quarter. AQR Capital Management LLC now owns 3,364,542 shares of the travel company's stock worth $49,694,000 after purchasing an additional 962,262 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. lifted its stake in Tripadvisor by 8.7% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,587,902 shares of the travel company's stock worth $38,223,000 after purchasing an additional 208,173 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company's stock.

Insider Buying and Selling

In related news, CEO Almir Ambeskovic sold 16,643 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $15.33, for a total value of $255,137.19. Following the sale, the chief executive officer now owns 15,931 shares in the company, valued at approximately $244,222.23. This trade represents a 51.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TRIP. DA Davidson increased their price target on Tripadvisor from $16.00 to $16.25 and gave the company a "neutral" rating in a research note on Thursday. Citigroup began coverage on Tripadvisor in a research note on Wednesday. They issued a "neutral" rating and a $16.00 price target for the company. B. Riley dropped their price target on Tripadvisor from $20.00 to $18.00 and set a "neutral" rating for the company in a research note on Monday, March 10th. Mizuho upgraded Tripadvisor to a "hold" rating in a research note on Friday, April 18th. Finally, UBS Group increased their price target on Tripadvisor from $15.00 to $16.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $17.27.

Tripadvisor Stock Down 3.4%

NASDAQ TRIP traded down $0.49 during trading hours on Friday, hitting $14.07. The company's stock had a trading volume of 3,440,314 shares, compared to its average volume of 2,398,944. Tripadvisor, Inc. has a 52 week low of $10.43 and a 52 week high of $18.80. The company's 50-day simple moving average is $13.28 and its two-hundred day simple moving average is $14.49. 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 has a market capitalization of $2.00 billion, a PE ratio of 703.85, a price-to-earnings-growth ratio of 9.01 and a beta of 1.27.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The travel company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.09. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. The firm had revenue of $398.00 million during the quarter, compared to analyst estimates of $386.94 million. During the same period in the previous year, the business earned $0.12 EPS. The business's revenue for the quarter was up .8% on a year-over-year basis. Research analysts anticipate that Tripadvisor, Inc. will post 0.46 EPS for the current fiscal 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.