River Global Investors LLP Increases Position in Tripadvisor, Inc. (NASDAQ:TRIP)

River Global Investors LLP increased its stake in Tripadvisor, Inc. (NASDAQ:TRIP) by 18.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 62,860 shares of the travel company’s stock after acquiring an additional 9,842 shares during the quarter. River Global Investors LLP’s holdings in Tripadvisor were worth $1,354,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. National Bank of Canada FI increased its holdings in Tripadvisor by 4.6% during the 4th quarter. National Bank of Canada FI now owns 59,850 shares of the travel company’s stock valued at $1,260,000 after acquiring an additional 2,615 shares in the last quarter. Amalgamated Bank increased its holdings in Tripadvisor by 12.0% during the 4th quarter. Amalgamated Bank now owns 52,742 shares of the travel company’s stock valued at $1,136,000 after acquiring an additional 5,647 shares in the last quarter. Natixis Advisors L.P. purchased a new position in Tripadvisor during the 4th quarter valued at about $352,000. Victory Capital Management Inc. increased its holdings in Tripadvisor by 25.2% during the 4th quarter. Victory Capital Management Inc. now owns 23,328 shares of the travel company’s stock valued at $502,000 after acquiring an additional 4,694 shares in the last quarter. Finally, Jackson Creek Investment Advisors LLC purchased a new position in Tripadvisor during the 4th quarter valued at about $1,128,000. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on TRIP shares. BMO Capital Markets raised their target price on shares of Tripadvisor from $20.00 to $23.00 and gave the company a “market perform” rating in a report on Friday, February 16th. Mizuho lifted their price target on shares of Tripadvisor from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, February 16th. StockNews.com upgraded shares of Tripadvisor from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. B. Riley reiterated a “buy” rating and set a $34.00 price target (up from $27.00) on shares of Tripadvisor in a report on Friday, February 16th. Finally, Truist Financial lifted their price target on shares of Tripadvisor from $18.00 to $28.00 and gave the stock a “hold” rating in a report on Thursday, March 14th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $24.12.

Tripadvisor Trading Down 2.9 %

Shares of TRIP traded down $0.76 during mid-day trading on Friday, hitting $25.79. The company had a trading volume of 2,501,055 shares, compared to its average volume of 1,652,961. The business’s 50-day simple moving average is $26.88 and its 200-day simple moving average is $22.32. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 1.02. Tripadvisor, Inc. has a 1-year low of $14.15 and a 1-year high of $28.76. The stock has a market cap of $3.56 billion, a PE ratio of 429.83, a P/E/G ratio of 1.62 and a beta of 1.56.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Wednesday, February 14th. The travel company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.14. The firm had revenue of $390.00 million for the quarter, compared to analysts’ expectations of $372.93 million. Tripadvisor had a net margin of 0.56% and a return on equity of 11.69%. Sell-side analysts forecast that Tripadvisor, Inc. will post 0.88 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.