75,000 Shares in Tripadvisor, Inc. (NASDAQ:TRIP) Bought by Wittenberg Investment Management Inc.

Wittenberg Investment Management Inc. bought a new position in shares of Tripadvisor, Inc. (NASDAQ:TRIP) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 75,000 shares of the travel company’s stock, valued at approximately $1,087,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tidal Investments LLC bought a new stake in shares of Tripadvisor in the first quarter worth $4,638,000. Boston Partners bought a new stake in Tripadvisor during the 1st quarter worth about $131,887,000. DekaBank Deutsche Girozentrale boosted its stake in shares of Tripadvisor by 9,356.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 195,467 shares of the travel company’s stock worth $5,477,000 after buying an additional 193,400 shares during the last quarter. U S Global Investors Inc. grew its holdings in shares of Tripadvisor by 71.8% in the 3rd quarter. U S Global Investors Inc. now owns 1,512,548 shares of the travel company’s stock valued at $21,917,000 after acquiring an additional 632,353 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Tripadvisor by 406.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 736,625 shares of the travel company’s stock valued at $13,119,000 after acquiring an additional 591,251 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TRIP. Citigroup reduced their price target on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday, September 24th. Wedbush reissued a “neutral” rating and issued a $17.00 price objective (up previously from $16.00) on shares of Tripadvisor in a report on Thursday, November 7th. B. Riley boosted their target price on shares of Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. BMO Capital Markets cut their price target on shares of Tripadvisor from $20.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, August 7th. Finally, Truist Financial lowered their price objective on shares of Tripadvisor from $21.00 to $17.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Tripadvisor has an average rating of “Hold” and an average price target of $18.33.

Tripadvisor Trading Up 3.1 %

TRIP stock opened at $13.87 on Monday. Tripadvisor, Inc. has a 52 week low of $12.93 and a 52 week high of $28.76. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85. The company’s 50-day simple moving average is $14.83 and its 200 day simple moving average is $16.05. The company has a market capitalization of $1.93 billion, a PE ratio of 60.31, a price-to-earnings-growth ratio of 9.69 and a beta of 1.37.

Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Wednesday, November 6th. The travel company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.44 by $0.06. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. The company had revenue of $532.00 million for the quarter, compared to analysts’ expectations of $527.86 million. During the same period last year, the firm earned $0.35 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis. As a group, sell-side analysts anticipate that Tripadvisor, Inc. will post 0.36 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.