Barclays PLC decreased its stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 58.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 58,024 shares of the travel company's stock after selling 82,599 shares during the quarter. Barclays PLC's holdings in Tripadvisor were worth $841,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in TRIP. True Wealth Design LLC acquired a new position in shares of Tripadvisor during the 3rd quarter worth approximately $27,000. Capital Performance Advisors LLP acquired a new position in shares of Tripadvisor during the 3rd quarter worth approximately $28,000. Future Financial Wealth Managment LLC acquired a new position in shares of Tripadvisor during the 3rd quarter worth approximately $43,000. Quest Partners LLC raised its stake in Tripadvisor by 14,244.4% in the 2nd quarter. Quest Partners LLC now owns 2,582 shares of the travel company's stock valued at $46,000 after acquiring an additional 2,564 shares during the period. Finally, KBC Group NV raised its stake in Tripadvisor by 65.3% in the 3rd quarter. KBC Group NV now owns 4,499 shares of the travel company's stock valued at $65,000 after acquiring an additional 1,777 shares during the period. Institutional investors and hedge funds own 98.99% of the company's stock.
A number of equities research analysts recently weighed in on TRIP shares. Wedbush restated a "neutral" rating and issued a $17.00 price target on shares of Tripadvisor in a research note on Thursday, December 19th. DA Davidson restated a "neutral" rating and issued a $16.00 price target on shares of Tripadvisor in a research note on Thursday, December 19th. B. Riley increased their price target on Tripadvisor from $19.00 to $20.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Citigroup dropped their price target on Tripadvisor from $20.00 to $16.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 24th. Finally, TD Cowen increased their price target on Tripadvisor from $15.00 to $20.00 and gave the company a "hold" rating in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $17.50.
Read Our Latest Analysis on TRIP
TRIP opened at $15.26 on Thursday. The firm has a market cap of $2.13 billion, a P/E ratio of 66.35, a price-to-earnings-growth ratio of 9.35 and a beta of 1.33. Tripadvisor, Inc. has a 52-week low of $12.93 and a 52-week high of $28.76. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85. The business's fifty day moving average is $14.36 and its 200-day moving average is $15.05.
Tripadvisor (NASDAQ:TRIP - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $532.00 million for 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%. Tripadvisor's revenue was down .2% compared to the same quarter last year. During the same period last year, the firm posted $0.35 earnings per share. Sell-side analysts expect that Tripadvisor, Inc. will post 0.37 EPS for the current fiscal year.
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.
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