First Hawaiian Bank Purchases 22,563 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

First Hawaiian Bank boosted its position in Tripadvisor, Inc. (NASDAQ:TRIP) by 186.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 34,671 shares of the travel company’s stock after acquiring an additional 22,563 shares during the period. First Hawaiian Bank’s holdings in Tripadvisor were worth $512,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TRIP. Pacer Advisors Inc. raised its holdings in Tripadvisor by 167.6% in 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 in the last quarter. Jupiter Asset Management Ltd. increased its holdings in shares of Tripadvisor by 1,150.2% during the second quarter. Jupiter Asset Management Ltd. now owns 1,684,505 shares of the travel company’s stock valued at $30,001,000 after acquiring an additional 1,549,761 shares in the last quarter. River Road Asset Management LLC increased its holdings in shares of Tripadvisor by 33.3% during the third quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company’s stock valued at $53,179,000 after acquiring an additional 917,689 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Tripadvisor by 53.0% during the second quarter. AQR Capital Management LLC now owns 2,375,868 shares of the travel company’s stock valued at $41,364,000 after acquiring an additional 822,712 shares in the last quarter. Finally, U S Global Investors Inc. increased its holdings in shares of Tripadvisor by 71.8% during the third 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. 98.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TRIP shares. B. Riley upped their price objective on shares of Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Cantor Fitzgerald cut their price objective on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a report on Thursday, November 7th. DA Davidson restated a “neutral” rating and set a $16.00 price objective on shares of Tripadvisor in a report on Thursday, December 19th. TD Cowen upped their target price on Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Finally, Citigroup dropped their target price on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Tripadvisor has a consensus rating of “Hold” and an average price target of $17.50.

Tripadvisor Trading Down 5.8 %

Tripadvisor stock opened at $14.20 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. Tripadvisor, Inc. has a 12 month low of $12.93 and a 12 month high of $28.76. The stock’s 50 day simple moving average is $14.47 and its two-hundred day simple moving average is $15.15. The firm has a market cap of $1.98 billion, a PE ratio of 61.74, a P/E/G ratio of 9.35 and a beta of 1.33.

Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. The firm had revenue of $532.00 million for the quarter, compared to analyst estimates of $527.86 million. During the same quarter last year, the firm posted $0.35 EPS. The business’s revenue was down .2% on a year-over-year basis. Analysts anticipate that Tripadvisor, Inc. will post 0.37 earnings per share for the current year.

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.