Tripadvisor, Inc. (NASDAQ:TRIP) Shares Acquired by U S Global Investors Inc.

U S Global Investors Inc. lifted its position in Tripadvisor, Inc. (NASDAQ:TRIP) by 71.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,512,548 shares of the travel company’s stock after purchasing an additional 632,353 shares during the quarter. Tripadvisor comprises about 2.1% of U S Global Investors Inc.’s holdings, making the stock its 14th biggest holding. U S Global Investors Inc.’s holdings in Tripadvisor were worth $21,917,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Vontobel Holding Ltd. boosted its stake in Tripadvisor by 19.7% during the third quarter. Vontobel Holding Ltd. now owns 160,325 shares of the travel company’s stock worth $2,323,000 after buying an additional 26,388 shares during the period. CWM LLC boosted its stake in Tripadvisor by 102.8% during the third quarter. CWM LLC now owns 21,358 shares of the travel company’s stock worth $309,000 after buying an additional 10,826 shares during the period. Future Financial Wealth Managment LLC purchased a new position in Tripadvisor during the third quarter worth about $43,000. Handelsbanken Fonder AB boosted its stake in Tripadvisor by 60.3% during the third quarter. Handelsbanken Fonder AB now owns 31,900 shares of the travel company’s stock worth $462,000 after buying an additional 12,000 shares during the period. Finally, Quent Capital LLC boosted its stake in shares of Tripadvisor by 88.7% in the third quarter. Quent Capital LLC now owns 10,423 shares of the travel company’s stock valued at $151,000 after purchasing an additional 4,899 shares during the period. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on TRIP. Wedbush restated a “neutral” rating and issued a $21.00 price objective on shares of Tripadvisor in a report on Wednesday, August 7th. Citigroup dropped their price objective on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. UBS Group dropped their price objective on shares of Tripadvisor from $20.00 to $18.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. DA Davidson dropped their price objective on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Finally, TD Cowen lowered their price target on shares of Tripadvisor from $25.00 to $15.00 and set a “hold” rating on the stock in a research note on Thursday, August 22nd. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Tripadvisor currently has a consensus rating of “Hold” and a consensus target price of $18.33.

Tripadvisor Trading Down 0.7 %

Shares of TRIP stock traded down $0.10 during trading hours on Tuesday, hitting $15.16. 29,145 shares of the company were exchanged, compared to its average volume of 2,321,632. The firm has a market cap of $2.10 billion, a PE ratio of 101.73, a PEG ratio of 2.33 and a beta of 1.39. Tripadvisor, Inc. has a 1 year low of $12.93 and a 1 year high of $28.76. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.04. The firm has a fifty day moving average of $14.28 and a 200 day moving average of $17.95.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Tuesday, August 6th. The travel company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The business had revenue of $497.00 million for the quarter, compared to analyst estimates of $504.76 million. Tripadvisor had a net margin of 1.32% and a return on equity of 11.81%. The company’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.21 EPS. Analysts expect that Tripadvisor, Inc. will post 0.37 earnings per share for the current 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.