MassMutual Private Wealth & Trust FSB trimmed its position in Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 90.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,936 shares of the travel company's stock after selling 18,064 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in Tripadvisor were worth $27,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of TRIP. Janney Montgomery Scott LLC acquired a new stake in Tripadvisor in the 4th quarter worth about $308,000. Blue Trust Inc. boosted its holdings in shares of Tripadvisor by 204.4% during the 4th quarter. Blue Trust Inc. now owns 2,298 shares of the travel company's stock worth $33,000 after purchasing an additional 1,543 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of Tripadvisor in the fourth quarter valued at approximately $174,000. Lightrock Netherlands B.V. purchased a new position in Tripadvisor in the fourth quarter worth approximately $7,607,000. Finally, Essex Financial Services Inc. purchased a new position in shares of Tripadvisor during the fourth quarter worth $262,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.
Tripadvisor Stock Performance
TRIP traded down $0.02 during trading on Friday, reaching $14.12. The company's stock had a trading volume of 1,758,018 shares, compared to its average volume of 2,403,396. Tripadvisor, Inc. has a 52-week low of $10.43 and a 52-week high of $18.80. The company's fifty day moving average price is $13.26 and its 200-day moving average price is $14.50. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 706.35, a price-to-earnings-growth ratio of 9.01 and a beta of 1.32. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 2.10.
Tripadvisor (NASDAQ:TRIP - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The travel company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.09. Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. The company had revenue of $398.00 million for the quarter, compared to analyst estimates of $386.94 million. During the same quarter in the previous year, the company earned $0.12 EPS. The firm's revenue for the quarter was up .8% compared to the same quarter last year. On average, equities analysts forecast that Tripadvisor, Inc. will post 0.46 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on the company. Wall Street Zen upgraded Tripadvisor from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th. 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 report on Friday, February 21st. UBS Group lifted their target price on Tripadvisor from $15.00 to $16.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. DA Davidson lifted their target price on Tripadvisor from $16.00 to $16.25 and gave the stock a "neutral" rating in a research report on Thursday, May 29th. Finally, JPMorgan Chase & Co. lifted their target price on Tripadvisor from $11.00 to $13.00 and gave the stock an "underweight" rating in a research report on Friday, May 9th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $17.27.
View Our Latest Stock Report on Tripadvisor
Insiders Place Their Bets
In other Tripadvisor news, CEO Almir Ambeskovic sold 16,643 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $15.33, for a total transaction 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 represents a 51.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.10% of the stock is currently owned by company insiders.
Tripadvisor Company 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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