FORA Capital LLC Sells 22,219 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

FORA Capital LLC reduced its position in Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 41.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,412 shares of the travel company's stock after selling 22,219 shares during the period. FORA Capital LLC's holdings in Tripadvisor were worth $464,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TRIP. Ameriprise Financial Inc. grew its stake in shares of Tripadvisor by 179.5% in the 4th quarter. Ameriprise Financial Inc. now owns 4,412,426 shares of the travel company's stock worth $65,172,000 after buying an additional 2,833,528 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Tripadvisor by 40.1% during the 4th quarter. AQR Capital Management LLC now owns 3,364,542 shares of the travel company's stock valued at $49,694,000 after buying an additional 962,262 shares in the last quarter. Toronado Partners LLC bought a new position in shares of Tripadvisor in the 4th quarter valued at about $10,533,000. SG Americas Securities LLC grew its position in Tripadvisor by 679.5% in the fourth quarter. SG Americas Securities LLC now owns 738,731 shares of the travel company's stock worth $10,911,000 after acquiring an additional 643,963 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Tripadvisor by 20.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,633,866 shares of the travel company's stock worth $53,674,000 after acquiring an additional 615,519 shares in the last quarter. 98.99% of the stock is owned by institutional investors.

Tripadvisor Trading Up 1.9%

Tripadvisor stock traded up $0.28 during trading hours on Monday, hitting $15.30. The company had a trading volume of 4,023,159 shares, compared to its average volume of 2,383,899. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 2.10. The firm has a market cap of $2.15 billion, a P/E ratio of 765.38, a P/E/G ratio of 9.01 and a beta of 1.27. The company has a 50-day moving average price of $13.21 and a two-hundred day moving average price of $14.60. Tripadvisor, Inc. has a 1 year low of $10.43 and a 1 year high of $19.37.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The travel company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.09. Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. The firm had revenue of $398.00 million during the quarter, compared to analyst estimates of $386.94 million. During the same quarter in the previous year, the business earned $0.12 earnings per share. Tripadvisor's quarterly revenue was up .8% on a year-over-year basis. On average, sell-side analysts anticipate that Tripadvisor, Inc. will post 0.46 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TRIP shares. Cantor Fitzgerald lowered their price objective on Tripadvisor from $14.00 to $13.00 and set an "underweight" rating for the company in a research note on Friday, February 21st. DA Davidson restated a "neutral" rating and issued a $16.00 price target on shares of Tripadvisor in a research report on Thursday, February 20th. UBS Group boosted their price objective on shares of Tripadvisor from $15.00 to $16.00 and gave the company a "neutral" rating in a research report on Thursday. Mizuho raised shares of Tripadvisor to a "hold" rating in a research note on Friday, April 18th. Finally, 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. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Tripadvisor currently has a consensus rating of "Hold" and an average price target of $17.25.

About Tripadvisor

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.