Wallace Capital Management Inc. cut its holdings in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 23.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 415,511 shares of the travel company's stock after selling 128,288 shares during the period. Tripadvisor makes up about 0.8% of Wallace Capital Management Inc.'s investment portfolio, making the stock its 19th largest holding. Wallace Capital Management Inc. owned about 0.30% of Tripadvisor worth $6,137,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in TRIP. Ameriprise Financial Inc. raised its stake in Tripadvisor by 179.5% during the 4th quarter. Ameriprise Financial Inc. now owns 4,412,426 shares of the travel company's stock valued at $65,172,000 after acquiring an additional 2,833,528 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Tripadvisor by 40.1% during the fourth quarter. AQR Capital Management LLC now owns 3,364,542 shares of the travel company's stock valued at $49,694,000 after purchasing an additional 962,262 shares in the last quarter. Toronado Partners LLC acquired a new stake in Tripadvisor in the fourth quarter worth about $10,533,000. Gotham Asset Management LLC grew its position in Tripadvisor by 170.6% in the 4th quarter. Gotham Asset Management LLC now owns 1,073,773 shares of the travel company's stock valued at $15,860,000 after buying an additional 676,977 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in Tripadvisor by 679.5% in the 4th quarter. SG Americas Securities LLC now owns 738,731 shares of the travel company's stock valued at $10,911,000 after buying an additional 643,963 shares in the last quarter. 98.99% of the stock is owned by institutional investors.
Tripadvisor Trading Down 2.4%
Shares of NASDAQ TRIP opened at $14.94 on Tuesday. The company has a quick ratio of 1.85, a current ratio of 2.10 and a debt-to-equity ratio of 0.93. Tripadvisor, Inc. has a 12 month low of $10.43 and a 12 month high of $18.80. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 747.37, a P/E/G ratio of 9.01 and a beta of 1.27. The business has a fifty day simple moving average of $13.37 and a 200-day simple moving average of $14.58.
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, topping the consensus estimate of $0.05 by $0.09. Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. The firm had revenue of $398.00 million for the quarter, compared to the consensus estimate of $386.94 million. During the same quarter in the previous year, the company earned $0.12 EPS. The business's revenue for the quarter was up .8% compared to the same quarter last year. Sell-side analysts predict that Tripadvisor, Inc. will post 0.46 EPS for the current year.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on TRIP. UBS Group upped their price target 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. Mizuho upgraded Tripadvisor to a "hold" rating in a research report on Friday, April 18th. JPMorgan Chase & Co. increased their price target on Tripadvisor from $11.00 to $13.00 and gave the company an "underweight" rating in a research note on Friday, May 9th. Cantor Fitzgerald lowered their price target on Tripadvisor from $14.00 to $13.00 and set an "underweight" rating on the stock in a research report on Friday, February 21st. Finally, DA Davidson restated a "neutral" rating and issued a $16.00 price objective on shares of Tripadvisor in a report on Thursday, February 20th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $17.25.
View Our Latest Stock Analysis on TRIP
Tripadvisor Company Profile
(
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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