River Global Investors LLP Sells 32,548 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

River Global Investors LLP decreased its holdings in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 44.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 40,260 shares of the travel company’s stock after selling 32,548 shares during the period. River Global Investors LLP’s holdings in Tripadvisor were worth $595,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. True Wealth Design LLC bought a new position in shares of Tripadvisor during the third quarter valued at approximately $27,000. Capital Performance Advisors LLP bought a new position in shares of Tripadvisor during the third quarter valued at approximately $28,000. Bogart Wealth LLC bought a new position in shares of Tripadvisor during the fourth quarter valued at approximately $30,000. Blue Trust Inc. increased its stake in shares of Tripadvisor by 204.4% during the fourth quarter. Blue Trust Inc. now owns 2,298 shares of the travel company’s stock valued at $33,000 after purchasing an additional 1,543 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Tripadvisor by 204.7% during the fourth quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company’s stock valued at $54,000 after purchasing an additional 2,469 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on TRIP. StockNews.com raised shares of Tripadvisor from a “hold” rating to a “buy” rating in a research note on Monday, February 24th. JPMorgan Chase & Co. raised their price target on shares of Tripadvisor from $14.00 to $15.00 and gave the company an “underweight” rating in a research report on Friday, February 21st. UBS Group reissued a “neutral” rating on shares of Tripadvisor in a research report on Tuesday, February 4th. Cantor Fitzgerald reduced their price target on shares of Tripadvisor from $14.00 to $13.00 and set an “underweight” rating for the company in a research report on Friday, February 21st. Finally, Wedbush reissued a “neutral” rating and set a $17.00 price target on shares of Tripadvisor in a research report on Thursday, December 19th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Tripadvisor has an average rating of “Hold” and a consensus target price of $17.71.

Tripadvisor Trading Up 1.6 %

Shares of TRIP stock opened at $14.17 on Friday. The firm’s 50 day moving average is $16.07 and its 200 day moving average is $15.03. The stock has a market capitalization of $1.99 billion, a P/E ratio of 708.85, a P/E/G ratio of 9.01 and a beta of 1.35. 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 2.10, 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 Thursday, February 20th. The travel company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.08). The business had revenue of $411.00 million for the quarter, compared to analysts’ expectations of $400.02 million. Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. Research analysts expect that Tripadvisor, Inc. will post 0.46 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.