Raymond James Financial Inc. Buys New Shares in Tripadvisor, Inc. (NASDAQ:TRIP)

Raymond James Financial Inc. bought a new stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 203,747 shares of the travel company's stock, valued at approximately $3,009,000. Raymond James Financial Inc. owned approximately 0.15% of Tripadvisor at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in TRIP. River Road Asset Management LLC raised its position in Tripadvisor by 1.3% during the fourth quarter. River Road Asset Management LLC now owns 3,715,961 shares of the travel company's stock worth $54,885,000 after acquiring an additional 45,898 shares during the period. Alliancebernstein L.P. boosted its holdings in Tripadvisor by 18.5% in the 4th quarter. Alliancebernstein L.P. now owns 1,813,449 shares of the travel company's stock worth $26,785,000 after buying an additional 282,851 shares during the last quarter. U S Global Investors Inc. increased its stake in Tripadvisor by 2.0% during the 4th quarter. U S Global Investors Inc. now owns 1,543,056 shares of the travel company's stock worth $22,791,000 after buying an additional 30,508 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Tripadvisor by 18.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,270,509 shares of the travel company's stock worth $18,765,000 after acquiring an additional 197,456 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Tripadvisor by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,204,362 shares of the travel company's stock worth $17,788,000 after purchasing an additional 5,023 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Tripadvisor Trading Up 0.5 %

Shares of NASDAQ:TRIP traded up $0.06 during mid-day trading on Friday, reaching $12.75. 1,016,541 shares of the company were exchanged, compared to its average volume of 2,464,200. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 638.12, a P/E/G ratio of 9.01 and a beta of 1.25. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.10 and a quick ratio of 1.85. Tripadvisor, Inc. has a 1 year low of $10.43 and a 1 year high of $26.72. The firm's 50-day simple moving average is $13.27 and its 200 day simple moving average is $14.67.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $411.00 million during the quarter, compared to analyst estimates of $400.02 million. Equities research analysts forecast that Tripadvisor, Inc. will post 0.46 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TRIP shares. DA Davidson reiterated a "neutral" rating and issued a $16.00 target price on shares of Tripadvisor in a research report on Thursday, February 20th. JPMorgan Chase & Co. decreased their target price on shares of Tripadvisor from $15.00 to $11.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. Cantor Fitzgerald dropped their price target on Tripadvisor from $14.00 to $13.00 and set an "underweight" rating for the company in a research report on Friday, February 21st. Mizuho raised Tripadvisor to a "hold" rating in a report on Friday, April 18th. Finally, StockNews.com upgraded Tripadvisor from a "hold" rating to a "buy" rating in a report on Monday, February 24th. Three 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's stock. According to data from MarketBeat, Tripadvisor has a consensus rating of "Hold" and an average target price of $17.14.

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.