Confluence Investment Management LLC Grows Stock Holdings in Tripadvisor, Inc. (NASDAQ:TRIP)

Confluence Investment Management LLC lifted its position in Tripadvisor, Inc. (NASDAQ:TRIP) by 43.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 233,858 shares of the travel company’s stock after buying an additional 70,960 shares during the quarter. Confluence Investment Management LLC’s holdings in Tripadvisor were worth $3,454,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of TRIP. Pacer Advisors Inc. grew 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 during the last quarter. River Road Asset Management LLC boosted its position in shares of Tripadvisor by 33.3% in the 3rd quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company’s stock worth $53,179,000 after purchasing an additional 917,689 shares in the last quarter. State Street Corp grew its stake in Tripadvisor by 1.0% during the 3rd quarter. State Street Corp now owns 3,457,661 shares of the travel company’s stock worth $50,102,000 after buying an additional 33,809 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Tripadvisor by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,733,746 shares of the travel company’s stock valued at $48,686,000 after buying an additional 95,138 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in Tripadvisor by 15.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,566,342 shares of the travel company’s stock valued at $37,186,000 after buying an additional 334,961 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. StockNews.com lowered Tripadvisor from a “buy” rating to a “hold” rating in a research note on Wednesday. UBS Group cut their price target on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. DA Davidson reaffirmed a “neutral” rating and issued a $16.00 price target on shares of Tripadvisor in a report on Thursday, December 19th. B. Riley boosted 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. Finally, TD Cowen raised their target price on Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $17.50.

Tripadvisor Stock Up 1.5 %

Tripadvisor stock opened at $14.99 on Friday. Tripadvisor, Inc. has a 52 week low of $12.93 and a 52 week high of $28.76. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 65.18, a price-to-earnings-growth ratio of 9.35 and a beta of 1.36. The business’s 50-day moving average price is $14.54 and its 200 day moving average price is $15.25. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.93.

Tripadvisor (NASDAQ:TRIP) last posted its earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, beating 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 firm had revenue of $532.00 million during the quarter, compared to analyst estimates of $527.86 million. During the same period in the previous year, the firm earned $0.35 EPS. The business’s quarterly revenue was down .2% on a year-over-year basis. As a group, sell-side analysts anticipate that Tripadvisor, Inc. will post 0.37 earnings per share for the current year.

Tripadvisor 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.