Wealth Enhancement Advisory Services LLC Has $679,000 Stock Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Wealth Enhancement Advisory Services LLC grew its position in Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 221.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,975 shares of the travel company's stock after acquiring an additional 31,656 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Tripadvisor were worth $679,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of TRIP. CSS LLC IL purchased a new stake in Tripadvisor during the 4th quarter valued at about $379,000. Vident Advisory LLC boosted its position in shares of Tripadvisor by 22.9% during the 4th quarter. Vident Advisory LLC now owns 164,792 shares of the travel company's stock worth $2,434,000 after purchasing an additional 30,752 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Tripadvisor by 150,850.0% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,057 shares of the travel company's stock worth $134,000 after purchasing an additional 9,051 shares during the period. Point72 Asset Management L.P. boosted its position in shares of Tripadvisor by 483.9% during the 4th quarter. Point72 Asset Management L.P. now owns 723,904 shares of the travel company's stock worth $10,692,000 after purchasing an additional 599,933 shares during the period. Finally, Quantinno Capital Management LP lifted its holdings in Tripadvisor by 177.4% during the 4th quarter. Quantinno Capital Management LP now owns 108,689 shares of the travel company's stock worth $1,605,000 after buying an additional 69,508 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Tripadvisor from $11.00 to $13.00 and gave the company an "underweight" rating in a research report on Friday, May 9th. Cantor Fitzgerald lowered their price objective on shares of Tripadvisor from $14.00 to $13.00 and set an "underweight" rating on the stock in a research report on Friday, February 21st. Wall Street Zen cut shares of Tripadvisor from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Citigroup started coverage on shares of Tripadvisor in a research note on Wednesday, May 28th. They issued a "neutral" rating and a $16.00 target price for the company. Finally, DA Davidson raised their price objective on shares of Tripadvisor from $16.00 to $16.25 and gave the company a "neutral" rating in a research note on Thursday, May 29th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $17.27.

Insider Buying and Selling

In related news, CEO Almir Ambeskovic sold 16,643 shares of Tripadvisor stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $15.33, for a total value of $255,137.19. Following the completion of the transaction, the chief executive officer now directly owns 15,931 shares of the company's stock, valued at $244,222.23. The trade was a 51.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.10% of the stock is owned by company insiders.

Tripadvisor Stock Down 5.0%

Shares of TRIP traded down $0.70 during trading hours on Friday, reaching $13.30. The company's stock had a trading volume of 2,434,622 shares, compared to its average volume of 2,411,205. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 665.33, a P/E/G ratio of 9.01 and a beta of 1.32. Tripadvisor, Inc. has a 1-year low of $10.43 and a 1-year high of $18.66. The company has a quick ratio of 1.85, a current ratio of 2.10 and a debt-to-equity ratio of 0.93. The company has a 50 day moving average of $13.44 and a two-hundred day moving average of $14.50.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last announced its quarterly 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 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 the consensus estimate of $386.94 million. During the same quarter last year, the company posted $0.12 earnings per share. The company's revenue for the quarter was up .8% compared to the same quarter last year. As a group, research analysts predict that Tripadvisor, Inc. will post 0.46 EPS for the current fiscal year.

About Tripadvisor

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.