Tripadvisor, Inc. (NASDAQ:TRIP) Shares Sold by Tidal Investments LLC

Tidal Investments LLC lessened its stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 1.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 170,851 shares of the travel company’s stock after selling 2,705 shares during the period. Tidal Investments LLC owned about 0.12% of Tripadvisor worth $2,476,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of TRIP. Pacer Advisors Inc. raised its position in shares of Tripadvisor by 167.6% during the third quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company’s stock worth $73,431,000 after purchasing an additional 3,173,817 shares during the period. River Road Asset Management LLC increased its stake in Tripadvisor by 33.3% in the 3rd quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company’s stock worth $53,179,000 after purchasing an additional 917,689 shares in the last quarter. State Street Corp increased its stake in Tripadvisor by 1.0% in the 3rd quarter. State Street Corp now owns 3,457,661 shares of the travel company’s stock worth $50,102,000 after purchasing an additional 33,809 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Tripadvisor by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,733,746 shares of the travel company’s stock worth $48,686,000 after buying an additional 95,138 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its stake in Tripadvisor by 15.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,566,342 shares of the travel company’s stock valued at $37,186,000 after buying an additional 334,961 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Tripadvisor Trading Up 0.7 %

NASDAQ:TRIP opened at $13.77 on Monday. The company has a market capitalization of $1.92 billion, a P/E ratio of 59.87, a P/E/G ratio of 9.35 and a beta of 1.36. The stock’s 50 day moving average price is $14.74 and its 200 day moving average price is $15.61. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85. Tripadvisor, Inc. has a 52 week low of $12.93 and a 52 week high of $28.76.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly 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 analyst estimates of $527.86 million. During the same quarter in the prior year, the business posted $0.35 EPS. Tripadvisor’s quarterly revenue was down .2% on a year-over-year basis. On average, research analysts forecast that Tripadvisor, Inc. will post 0.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TRIP has been the topic of several analyst reports. Truist Financial dropped their target price on shares of Tripadvisor from $21.00 to $17.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. TD Cowen lifted their price objective on shares of Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. B. Riley boosted their target price on shares of Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Wedbush reaffirmed a “neutral” rating and issued a $17.00 target price (up previously from $16.00) on shares of Tripadvisor in a research report on Thursday, November 7th. Finally, Citigroup lowered their price target on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $18.33.

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.