Pallas Capital Advisors LLC Cuts Stake in Tripadvisor, Inc. (NASDAQ:TRIP)

Pallas Capital Advisors LLC trimmed its holdings in Tripadvisor, Inc. (NASDAQ:TRIP) by 33.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,817 shares of the travel company’s stock after selling 5,381 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Tripadvisor were worth $160,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. True Wealth Design LLC bought a new position in shares of Tripadvisor during the third quarter worth $27,000. Capital Performance Advisors LLP purchased a new position in shares of Tripadvisor during the third quarter valued at about $28,000. Future Financial Wealth Managment LLC purchased a new position in shares of Tripadvisor during the third quarter valued at about $43,000. Quest Partners LLC increased its holdings in shares of Tripadvisor by 14,244.4% in the second quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock worth $46,000 after purchasing an additional 2,564 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Tripadvisor by 204.7% in the fourth 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 in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on TRIP shares. Wedbush reiterated a “neutral” rating and set a $17.00 target price on shares of Tripadvisor in a research report on Thursday, December 19th. B. Riley increased their price objective on shares of Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, November 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 research note on Tuesday, September 24th. TD Cowen upped their target price on shares of Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Finally, Cantor Fitzgerald dropped their price target on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research report on Thursday, November 7th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $17.50.

Tripadvisor Trading Up 3.0 %

Shares of NASDAQ TRIP opened at $15.26 on Thursday. Tripadvisor, Inc. has a fifty-two week low of $12.93 and a fifty-two 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 has a market cap of $2.13 billion, a price-to-earnings ratio of 66.35, a PEG ratio of 9.35 and a beta of 1.33. The business’s 50 day moving average price is $14.36 and its 200-day moving average price is $15.05.

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

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.