Barclays PLC Lowers Holdings in Tripadvisor, Inc. (NASDAQ:TRIP)

Barclays PLC cut its holdings in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 58.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 58,024 shares of the travel company’s stock after selling 82,599 shares during the period. Barclays PLC’s holdings in Tripadvisor were worth $841,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. U S Global Investors Inc. grew its stake 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 worth $21,917,000 after purchasing an additional 632,353 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Tripadvisor by 4.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,199,339 shares of the travel company’s stock worth $17,378,000 after acquiring an additional 55,115 shares during the period. Victory Capital Management Inc. grew its position in Tripadvisor by 214.8% in the 2nd quarter. Victory Capital Management Inc. now owns 176,180 shares of the travel company’s stock valued at $3,138,000 after buying an additional 120,209 shares during the last quarter. Boussard & Gavaudan Investment Management LLP acquired a new position in shares of Tripadvisor during the third quarter worth about $5,159,000. Finally, Wittenberg Investment Management Inc. acquired a new position in Tripadvisor during the 3rd quarter worth approximately $1,087,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TRIP has been the topic of several recent analyst reports. UBS Group dropped their target price on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. DA Davidson reaffirmed a “neutral” rating and issued a $16.00 price objective on shares of Tripadvisor in a research note on Thursday, December 19th. Wedbush reaffirmed a “neutral” rating and set a $17.00 price objective on shares of Tripadvisor in a report on Thursday, December 19th. Truist Financial lowered their target price on Tripadvisor from $21.00 to $17.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Finally, Citigroup cut their price target on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Tripadvisor has an average rating of “Hold” and an average price target of $17.50.

Tripadvisor Price Performance

Tripadvisor stock opened at $14.77 on Wednesday. Tripadvisor, Inc. has a 12-month low of $12.93 and a 12-month high of $28.76. The stock has a market capitalization of $2.06 billion, a P/E ratio of 64.22, a P/E/G ratio of 9.35 and a beta of 1.36. The firm’s 50-day moving average is $14.57 and its two-hundred day moving average is $15.28. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.85 and a quick ratio of 1.85.

Tripadvisor (NASDAQ:TRIP) last released its earnings results on Wednesday, November 6th. The travel company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.44 by $0.06. The firm had revenue of $532.00 million during 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 quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 earnings per share. Equities analysts predict 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.