Tower Research Capital LLC TRC cut its stake in Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 90.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,428 shares of the travel company's stock after selling 32,704 shares during the quarter. Tower Research Capital LLC TRC's holdings in Tripadvisor were worth $51,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC boosted its stake in shares of Tripadvisor by 204.7% in the fourth 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. Gilman Hill Asset Management LLC acquired a new position in Tripadvisor in the 4th quarter worth $3,632,000. MassMutual Private Wealth & Trust FSB acquired a new position in Tripadvisor in the 4th quarter worth $295,000. Dakota Wealth Management purchased a new position in Tripadvisor in the 4th quarter valued at about $1,053,000. Finally, SG Americas Securities LLC grew its stake in shares of Tripadvisor by 679.5% during the fourth quarter. SG Americas Securities LLC now owns 738,731 shares of the travel company's stock valued at $10,911,000 after acquiring an additional 643,963 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company's stock.
Tripadvisor Stock Performance
Shares of NASDAQ:TRIP traded up $0.14 on Friday, reaching $15.30. 2,458,070 shares of the company's stock were exchanged, compared to its average volume of 2,369,862. The business's 50-day moving average is $13.31 and its two-hundred day moving average is $14.61. The company has a quick ratio of 1.85, a current ratio of 2.10 and a debt-to-equity ratio of 0.93. Tripadvisor, Inc. has a fifty-two week low of $10.43 and a fifty-two week high of $18.93. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 765.38, a PEG ratio of 9.01 and a beta of 1.27.
Tripadvisor (NASDAQ:TRIP - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The travel company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.09. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. The business had revenue of $398.00 million during the quarter, compared to the consensus estimate of $386.94 million. During the same quarter in the prior year, the firm earned $0.12 EPS. The company's revenue for the quarter was up .8% compared to the same quarter last year. As a group, equities research analysts forecast that Tripadvisor, Inc. will post 0.46 EPS for the current year.
Analysts Set New Price Targets
TRIP has been the topic of several recent analyst reports. B. Riley cut their price target on Tripadvisor from $20.00 to $18.00 and set a "neutral" rating on the stock in a research note on Monday, March 10th. Cantor Fitzgerald cut their target price on Tripadvisor from $14.00 to $13.00 and set an "underweight" rating on the stock in a research report on Friday, February 21st. DA Davidson reiterated a "neutral" rating and set a $16.00 target price on shares of Tripadvisor in a research note on Thursday, February 20th. JPMorgan Chase & Co. lifted their price target on shares of Tripadvisor from $11.00 to $13.00 and gave the stock an "underweight" rating in a research note on Friday, May 9th. Finally, StockNews.com raised shares of Tripadvisor from a "hold" rating to a "buy" rating in a report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $17.25.
Read Our Latest Report on TRIP
Tripadvisor Profile
(
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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