Mutual of America Capital Management LLC Has $239,000 Stock Holdings in Tripadvisor, Inc. (NASDAQ:TRIP)

Mutual of America Capital Management LLC reduced its holdings in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 7.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 16,466 shares of the travel company’s stock after selling 1,413 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Tripadvisor were worth $239,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in TRIP. Boston Partners acquired a new position in shares of Tripadvisor during the 1st quarter worth $131,887,000. DekaBank Deutsche Girozentrale raised its holdings in shares of Tripadvisor by 9,356.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 195,467 shares of the travel company’s stock worth $5,477,000 after buying an additional 193,400 shares in the last quarter. U S Global Investors Inc. increased its holdings in Tripadvisor by 71.8% in the 3rd quarter. U S Global Investors Inc. now owns 1,512,548 shares of the travel company’s stock worth $21,917,000 after purchasing an additional 632,353 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Tripadvisor by 406.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 736,625 shares of the travel company’s stock worth $13,119,000 after purchasing an additional 591,251 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Tripadvisor by 214.8% in the 2nd quarter. Victory Capital Management Inc. now owns 176,180 shares of the travel company’s stock worth $3,138,000 after purchasing an additional 120,209 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TRIP. UBS Group reduced 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. Truist Financial lowered their price objective on Tripadvisor from $21.00 to $17.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Cantor Fitzgerald reduced their price objective on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Thursday, November 7th. TD Cowen increased their price objective on Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a report on Thursday, November 7th. Finally, StockNews.com cut Tripadvisor from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $18.33.

Tripadvisor Price Performance

TRIP stock opened at $14.10 on Friday. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 61.31, a PEG ratio of 9.92 and a beta of 1.37. The firm’s 50-day moving average price is $14.85 and its two-hundred day moving average price is $15.98. Tripadvisor, Inc. has a 12-month low of $12.93 and a 12-month high of $28.76. 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 (NASDAQ:TRIP) last issued its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share (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 during the quarter, compared to analyst estimates of $527.86 million. During the same period last year, the business earned $0.35 EPS. Tripadvisor’s quarterly revenue was down .2% compared to the same quarter last year. As a group, equities analysts predict that Tripadvisor, Inc. will post 0.36 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.