Wallace Capital Management Inc. Has $6.14 Million Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Wallace Capital Management Inc. decreased its position in Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 23.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 415,511 shares of the travel company's stock after selling 128,288 shares during the quarter. Tripadvisor makes up approximately 0.8% of Wallace Capital Management Inc.'s portfolio, making the stock its 19th largest holding. Wallace Capital Management Inc. owned 0.30% of Tripadvisor worth $6,137,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Bogart Wealth LLC acquired a new stake in shares of Tripadvisor in the fourth quarter worth $30,000. Blue Trust Inc. grew its stake in shares of Tripadvisor by 204.4% in the fourth quarter. Blue Trust Inc. now owns 2,298 shares of the travel company's stock worth $33,000 after acquiring an additional 1,543 shares during the last quarter. Aster Capital Management DIFC Ltd grew its stake in shares of Tripadvisor by 83.8% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company's stock worth $50,000 after acquiring an additional 1,557 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Tripadvisor in the fourth quarter worth $58,000. Finally, SRS Capital Advisors Inc. acquired a new stake in shares of Tripadvisor in the fourth quarter worth $71,000. Institutional investors own 98.99% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. UBS Group raised 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. Wall Street Zen upgraded shares of Tripadvisor from a "buy" rating to a "strong-buy" rating in a research note on Saturday. B. Riley decreased their price target on shares of Tripadvisor from $20.00 to $18.00 and set a "neutral" rating on the stock in a research note on Monday, March 10th. DA Davidson reiterated a "neutral" rating and set a $16.00 price target on shares of Tripadvisor in a research note on Thursday, February 20th. Finally, Cantor Fitzgerald decreased their price target 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. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $17.25.

Insider Activity at Tripadvisor

In other Tripadvisor news, CEO Almir Ambeskovic sold 16,643 shares of the business's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $15.33, for a total transaction of $255,137.19. Following the completion of the sale, the chief executive officer now directly owns 15,931 shares of the company's stock, valued at approximately $244,222.23. The trade was a 51.09% decrease in their position. 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 currently owned by company insiders.

Tripadvisor Price Performance

Shares of NASDAQ:TRIP traded down $0.18 on Friday, hitting $13.69. The stock had a trading volume of 2,313,287 shares, compared to its average volume of 2,380,928. Tripadvisor, Inc. has a twelve month low of $10.43 and a twelve month high of $18.80. 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 firm's 50 day moving average price is $13.36 and its 200-day moving average price is $14.52. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 684.84, a price-to-earnings-growth ratio of 9.01 and a beta of 1.27.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last issued its earnings results on Wednesday, May 7th. The travel company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.05 by $0.09. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. The company 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 firm's revenue for the quarter was up .8% compared to the same quarter last year. On average, equities research analysts predict that Tripadvisor, Inc. will post 0.46 earnings per share for the current year.

Tripadvisor Company 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.