River Road Asset Management LLC Sells 124,126 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

River Road Asset Management LLC decreased its stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,051,815 shares of the travel company’s stock after selling 124,126 shares during the period. Tripadvisor makes up 1.2% of River Road Asset Management LLC’s investment portfolio, making the stock its 25th largest holding. River Road Asset Management LLC owned approximately 2.93% of Tripadvisor worth $87,236,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its stake in shares of Tripadvisor by 3.9% in the first quarter. Envestnet Asset Management Inc. now owns 12,368 shares of the travel company’s stock worth $335,000 after acquiring an additional 466 shares during the period. Raymond James & Associates lifted its holdings in shares of Tripadvisor by 56.5% in the first quarter. Raymond James & Associates now owns 16,107 shares of the travel company’s stock worth $437,000 after buying an additional 5,813 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Tripadvisor by 435.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 60,450 shares of the travel company’s stock worth $1,639,000 after buying an additional 49,157 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Tripadvisor in the first quarter worth $899,000. Finally, MetLife Investment Management LLC lifted its holdings in shares of Tripadvisor by 39.1% in the first quarter. MetLife Investment Management LLC now owns 66,790 shares of the travel company’s stock worth $1,811,000 after buying an additional 18,789 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Ascendiant Capital Markets upped their price target on shares of Tripadvisor from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, December 29th. Citigroup increased their target price on shares of Tripadvisor from $23.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday. B. Riley restated a “buy” rating and issued a $34.00 price target (up from $27.00) on shares of Tripadvisor in a report on Friday, February 16th. BMO Capital Markets upped their price target on shares of Tripadvisor from $20.00 to $23.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. Finally, Mizuho upped 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. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $23.53.

Tripadvisor Price Performance

Tripadvisor stock traded up $0.19 during midday trading on Wednesday, reaching $25.40. 1,244,778 shares of the company were exchanged, compared to its average volume of 2,429,884. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 423.33, a P/E/G ratio of 1.58 and a beta of 1.57. The firm’s 50-day simple moving average is $26.66 and its 200-day simple moving average is $21.44. Tripadvisor, Inc. has a 1 year low of $14.15 and a 1 year high of $28.76. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.27 and a current ratio of 2.27.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Wednesday, February 14th. The travel company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.07 by $0.14. Tripadvisor had a return on equity of 11.69% and a net margin of 0.56%. The firm had revenue of $390.00 million for the quarter, compared to analyst estimates of $372.93 million. On average, analysts anticipate that Tripadvisor, Inc. will post 0.89 EPS for the current year.

Tripadvisor Company 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.