River Road Asset Management LLC Sells 124,126 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

River Road Asset Management LLC lowered its stake in Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,051,815 shares of the travel company's stock after selling 124,126 shares during the quarter. Tripadvisor makes up 1.2% of River Road Asset Management LLC's investment portfolio, making the stock its 25th largest holding. River Road Asset Management LLC owned about 2.93% of Tripadvisor worth $87,236,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of TRIP. DekaBank Deutsche Girozentrale purchased a new position in Tripadvisor during the 3rd quarter valued at about $34,000. Dark Forest Capital Management LP grew its stake in Tripadvisor by 1,227.3% during the 1st quarter. Dark Forest Capital Management LP now owns 1,699 shares of the travel company's stock valued at $34,000 after acquiring an additional 1,571 shares in the last quarter. International Assets Investment Management LLC grew its stake in Tripadvisor by 2,053.0% during the 4th quarter. International Assets Investment Management LLC now owns 2,153 shares of the travel company's stock valued at $46,000 after acquiring an additional 2,053 shares in the last quarter. CWM LLC grew its stake in Tripadvisor by 1,384.6% during the 3rd quarter. CWM LLC now owns 5,018 shares of the travel company's stock valued at $83,000 after acquiring an additional 4,680 shares in the last quarter. Finally, State of Wyoming grew its stake in Tripadvisor by 142.0% during the 2nd quarter. State of Wyoming now owns 7,783 shares of the travel company's stock valued at $128,000 after acquiring an additional 4,567 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TRIP shares. Mizuho lifted their target price on Tripadvisor from $20.00 to $23.00 and gave the company a "neutral" rating in a research note on Friday, February 16th. B. Riley reissued a "buy" rating and issued a $34.00 price target (up previously from $27.00) on shares of Tripadvisor in a research note on Friday, February 16th. StockNews.com raised Tripadvisor from a "hold" rating to a "buy" rating in a research note on Friday, February 23rd. Wedbush reissued a "neutral" rating and issued a $20.00 price target on shares of Tripadvisor in a research note on Thursday, February 15th. Finally, UBS Group boosted their price target on Tripadvisor from $21.00 to $27.00 and gave the company a "neutral" rating in a research note on Friday, February 16th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Tripadvisor currently has an average rating of "Hold" and a consensus price target of $23.53.

Tripadvisor Stock Performance

Shares of TRIP stock traded up $0.19 during trading hours on Wednesday, reaching $25.40. 1,299,526 shares of the company's stock were exchanged, compared to its average volume of 2,434,085. Tripadvisor, Inc. has a fifty-two week low of $14.15 and a fifty-two week high of $28.76. The stock has a market capitalization of $3.50 billion, a P/E ratio of 423.33, a P/E/G ratio of 1.58 and a beta of 1.57. The business has a fifty day moving average price of $26.73 and a 200-day moving average price of $21.47. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 1.02.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last issued its quarterly earnings results on Wednesday, February 14th. The travel company reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.14. Tripadvisor had a return on equity of 11.69% and a net margin of 0.56%. The company had revenue of $390.00 million during the quarter, compared to analyst estimates of $372.93 million. Analysts predict that Tripadvisor, Inc. will post 0.89 EPS for the current fiscal year.

Tripadvisor 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.