Marshall Wace LLP Sells 535,426 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Marshall Wace LLP cut its holdings in Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 90.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,394 shares of the travel company's stock after selling 535,426 shares during the quarter. Marshall Wace LLP's holdings in Tripadvisor were worth $848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of TRIP. Bogart Wealth LLC purchased a new position in shares of Tripadvisor during the fourth quarter valued at about $30,000. Blue Trust Inc. grew 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 acquiring an additional 1,543 shares during the period. Aster Capital Management DIFC Ltd raised its position in shares of Tripadvisor by 83.8% in the 4th 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 in the last quarter. GAMMA Investing LLC lifted its stake in shares of Tripadvisor by 204.7% in the 4th quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company's stock valued at $54,000 after purchasing an additional 2,469 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Tripadvisor during the fourth quarter valued at approximately $58,000. Hedge funds and other institutional investors own 98.99% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on TRIP. UBS Group lowered their price objective on Tripadvisor from $18.00 to $15.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. 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. JPMorgan Chase & Co. lowered their target price on shares of Tripadvisor from $15.00 to $11.00 and set an "underweight" rating for the company in a report on Tuesday, April 8th. DA Davidson reissued a "neutral" rating and issued a $16.00 price target on shares of Tripadvisor in a research report on Thursday, February 20th. Finally, B. Riley dropped their target price on Tripadvisor from $20.00 to $18.00 and set a "neutral" rating on the stock in a report on Monday, March 10th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $17.14.

Tripadvisor Stock Performance

Shares of TRIP traded up $0.18 during mid-day trading on Friday, hitting $12.87. 1,683,101 shares of the company traded hands, compared to its average volume of 2,469,117. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 643.82, a P/E/G ratio of 9.01 and a beta of 1.25. The stock has a 50-day moving average price of $13.23 and a two-hundred day moving average price of $14.65. Tripadvisor, Inc. has a 1 year low of $10.43 and a 1 year high of $26.08. 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 earnings results on Thursday, February 20th. The travel company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.08). Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. The company had revenue of $411.00 million for the quarter, compared to analysts' expectations of $400.02 million. Equities analysts anticipate 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.