Federated Hermes Inc. Trims Position in TripAdvisor, Inc. $TRIP

Federated Hermes Inc. decreased its holdings in shares of TripAdvisor, Inc. (NASDAQ:TRIP) by 7.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,987,239 shares of the travel company’s stock after selling 150,135 shares during the quarter. Federated Hermes Inc. owned about 1.71% of TripAdvisor worth $32,313,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hussman Strategic Advisors Inc. purchased a new position in TripAdvisor during the third quarter worth about $1,707,000. Y Intercept Hong Kong Ltd increased its stake in shares of TripAdvisor by 166.4% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 131,030 shares of the travel company’s stock valued at $2,131,000 after acquiring an additional 81,842 shares during the last quarter. Covestor Ltd increased its stake in shares of TripAdvisor by 64.8% during the 3rd quarter. Covestor Ltd now owns 1,770 shares of the travel company’s stock valued at $29,000 after acquiring an additional 696 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of TripAdvisor by 47.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 18,724 shares of the travel company’s stock worth $293,000 after acquiring an additional 6,006 shares during the period. Finally, Tred Avon Family Wealth LLC acquired a new stake in shares of TripAdvisor in the third quarter worth approximately $409,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TRIP shares. Cantor Fitzgerald dropped their price target on shares of TripAdvisor from $15.00 to $14.00 and set an “underweight” rating for the company in a research report on Thursday, January 8th. Jefferies Financial Group dropped their price objective on TripAdvisor from $13.00 to $12.50 and set an “underperform” rating for the company in a report on Thursday, December 11th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $20.00 target price on shares of TripAdvisor in a research report on Friday, November 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of TripAdvisor in a report on Monday, December 29th. Finally, Wall Street Zen lowered TripAdvisor from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $16.34.

TripAdvisor Trading Down 1.0%

NASDAQ:TRIP opened at $13.29 on Friday. The business’s 50-day moving average is $14.38 and its two-hundred day moving average is $15.91. The firm has a market capitalization of $1.55 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 1.32 and a beta of 0.99. TripAdvisor, Inc. has a 12 month low of $10.43 and a 12 month high of $20.16. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.33 and a quick ratio of 1.33.

TripAdvisor (NASDAQ:TRIP) last posted its earnings results on Thursday, November 6th. The travel company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. The business had revenue of $553.00 million during the quarter, compared to analyst estimates of $562.92 million. TripAdvisor had a return on equity of 14.77% and a net margin of 4.23%.The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.50 earnings per share. Research analysts predict that TripAdvisor, Inc. will post 0.46 earnings per share for the current fiscal year.

About TripAdvisor

TripAdvisor (NASDAQ:TRIP) is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company’s flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor’s offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.