Vontobel Holding Ltd. lessened its stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 58.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 140,526 shares of the travel company's stock after selling 194,814 shares during the period. Vontobel Holding Ltd. owned approximately 0.10% of Tripadvisor worth $3,026,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership raised its stake in shares of Tripadvisor by 954.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,773,761 shares of the travel company's stock worth $35,227,000 after purchasing an additional 1,605,583 shares during the last quarter. Select Equity Group L.P. lifted its stake in Tripadvisor by 32.7% during the 4th quarter. Select Equity Group L.P. now owns 6,323,501 shares of the travel company's stock valued at $113,697,000 after acquiring an additional 1,557,851 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Tripadvisor by 38.1% in the 3rd quarter. AQR Capital Management LLC now owns 5,115,807 shares of the travel company's stock valued at $84,820,000 after acquiring an additional 1,410,932 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Tripadvisor by 11.7% in the third quarter. Vanguard Group Inc. now owns 12,084,674 shares of the travel company's stock worth $200,364,000 after acquiring an additional 1,263,706 shares during the period. Finally, Kettle Hill Capital Management LLC purchased a new position in shares of Tripadvisor during the third quarter worth $19,626,000. Institutional investors and hedge funds own 98.99% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have commented on the stock. Ascendiant Capital Markets upped their price target on shares of Tripadvisor from $27.00 to $30.00 and gave the company a "buy" rating in a report on Friday, December 29th. Mizuho lifted their price target on Tripadvisor from $20.00 to $23.00 and gave the company a "neutral" rating in a research report on Friday, February 16th. TheStreet raised shares of Tripadvisor from a "d+" rating to a "c" rating in a research note on Wednesday, February 14th. StockNews.com upgraded shares of Tripadvisor from a "hold" rating to a "buy" rating in a research note on Friday, February 23rd. Finally, Wedbush restated a "neutral" rating and set a $30.00 price target on shares of Tripadvisor in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $24.12.
Get Our Latest Stock Analysis on Tripadvisor
Tripadvisor Price Performance
NASDAQ TRIP traded down $0.21 during mid-day trading on Friday, hitting $25.04. The stock had a trading volume of 1,731,155 shares, compared to its average volume of 2,412,244. Tripadvisor, Inc. has a twelve month low of $14.15 and a twelve month high of $28.76. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.27 and a quick ratio of 2.27. The firm's 50 day moving average is $26.79 and its 200 day moving average is $21.49. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 421.83, a PEG ratio of 1.58 and a beta of 1.57.
Tripadvisor (NASDAQ:TRIP - Get Free Report) last issued its earnings results on Wednesday, February 14th. The travel company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.14. Tripadvisor had a return on equity of 11.69% and a net margin of 0.56%. The business had revenue of $390.00 million for the quarter, compared to analysts' expectations of $372.93 million. Equities research analysts forecast that Tripadvisor, Inc. will post 0.89 earnings per share for the current fiscal year.
Tripadvisor Profile
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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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