Lightrock Netherlands B.V. Makes New Investment in Tripadvisor, Inc. (NASDAQ:TRIP)

Lightrock Netherlands B.V. acquired a new stake in Tripadvisor, Inc. (NASDAQ:TRIP) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 512,466 shares of the travel company’s stock, valued at approximately $7,607,000. Tripadvisor makes up approximately 2.7% of Lightrock Netherlands B.V.’s holdings, making the stock its 18th biggest position. Lightrock Netherlands B.V. owned 0.37% of Tripadvisor as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Blue Trust Inc. raised its position in Tripadvisor by 204.4% in the fourth quarter. Blue Trust Inc. now owns 2,298 shares of the travel company’s stock worth $33,000 after purchasing an additional 1,543 shares in the last quarter. KBC Group NV grew its stake in shares of Tripadvisor by 65.3% in the 3rd quarter. KBC Group NV now owns 4,499 shares of the travel company’s stock valued at $65,000 after purchasing an additional 1,777 shares during the period. True Wealth Design LLC bought a new stake in shares of Tripadvisor in the 3rd quarter valued at approximately $27,000. Capital Performance Advisors LLP acquired a new position in shares of Tripadvisor in the 3rd quarter worth approximately $28,000. Finally, GAMMA Investing LLC lifted its position in shares of Tripadvisor by 204.7% during the 4th quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company’s stock worth $54,000 after buying an additional 2,469 shares during the period. 98.99% of the stock is owned by institutional investors.

Tripadvisor Price Performance

Tripadvisor stock opened at $18.41 on Tuesday. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 80.05, a P/E/G ratio of 9.54 and a beta of 1.34. Tripadvisor, Inc. has a 12-month low of $12.93 and a 12-month high of $28.76. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.93. The business’s 50-day simple moving average is $15.39 and its 200 day simple moving average is $14.96.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TRIP shares. UBS Group lowered their price target on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. B. Riley upped 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. Wedbush reissued a “neutral” rating and set a $17.00 price target on shares of Tripadvisor in a report on Thursday, December 19th. TD Cowen upped their price objective on shares of Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Finally, Cantor Fitzgerald cut their target price on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.50.

Tripadvisor Company 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.