Zurcher Kantonalbank Zurich Cantonalbank Acquires 5,802 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Tripadvisor, Inc. (NASDAQ:TRIP) by 28.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,487 shares of the travel company’s stock after acquiring an additional 5,802 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Tripadvisor were worth $472,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Tripadvisor by 6.6% in the fourth quarter. Vanguard Group Inc. now owns 12,876,614 shares of the travel company’s stock valued at $277,233,000 after acquiring an additional 791,940 shares during the last quarter. Boston Partners bought a new position in Tripadvisor in the first quarter valued at approximately $131,887,000. Dimensional Fund Advisors LP boosted its stake in Tripadvisor by 9.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,438,349 shares of the travel company’s stock valued at $74,027,000 after acquiring an additional 304,975 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. boosted its stake in Tripadvisor by 4.9% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,292,087 shares of the travel company’s stock valued at $40,822,000 after acquiring an additional 107,154 shares during the last quarter. Finally, Norges Bank bought a new position in Tripadvisor in the fourth quarter valued at approximately $27,807,000. 98.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TRIP shares. Barclays reduced their target price on shares of Tripadvisor from $20.00 to $15.00 and set an “underweight” rating for the company in a research note on Friday, May 10th. Truist Financial cut their price target on shares of Tripadvisor from $21.00 to $17.00 and set a “hold” rating on the stock in a research report on Wednesday. BTIG Research dropped their target price on shares of Tripadvisor from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. BMO Capital Markets lowered their price target on shares of Tripadvisor from $20.00 to $17.00 and set a “market perform” rating on the stock in a report on Wednesday, August 7th. Finally, DA Davidson lowered their price target on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $19.13.

Tripadvisor Price Performance

Shares of NASDAQ:TRIP opened at $13.77 on Friday. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 91.81, a PEG ratio of 1.81 and a beta of 1.39. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.68 and a quick ratio of 1.68. The firm has a 50 day simple moving average of $15.97 and a 200 day simple moving average of $20.77. Tripadvisor, Inc. has a one year low of $13.30 and a one year high of $28.76.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Tuesday, August 6th. The travel company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The business had revenue of $497.00 million during the quarter, compared to the consensus estimate of $504.76 million. Tripadvisor had a net margin of 1.32% and a return on equity of 11.81%. The firm’s revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.21 EPS. Research analysts predict that Tripadvisor, Inc. will post 0.43 earnings per share for the current fiscal 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.