Handelsbanken Fonder AB Grows Stock Holdings in Tripadvisor, Inc. (NASDAQ:TRIP)

Handelsbanken Fonder AB raised its position in Tripadvisor, Inc. (NASDAQ:TRIP) by 1,758.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 369,900 shares of the travel company’s stock after acquiring an additional 350,000 shares during the quarter. Handelsbanken Fonder AB owned approximately 0.27% of Tripadvisor worth $7,964,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. National Bank of Canada FI increased its position in shares of Tripadvisor by 26.6% during the third quarter. National Bank of Canada FI now owns 57,235 shares of the travel company’s stock valued at $944,000 after buying an additional 12,009 shares during the period. CWM LLC increased its position in shares of Tripadvisor by 1,384.6% during the third quarter. CWM LLC now owns 5,018 shares of the travel company’s stock valued at $83,000 after buying an additional 4,680 shares during the period. State of Alaska Department of Revenue increased its position in shares of Tripadvisor by 410.0% during the third quarter. State of Alaska Department of Revenue now owns 67,031 shares of the travel company’s stock valued at $1,111,000 after buying an additional 53,887 shares during the period. Oak Thistle LLC purchased a new position in shares of Tripadvisor during the third quarter valued at about $196,000. Finally, Maryland State Retirement & Pension System purchased a new position in shares of Tripadvisor during the third quarter valued at about $783,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Tripadvisor Trading Up 0.1 %

Shares of NASDAQ TRIP opened at $26.15 on Thursday. The firm’s 50 day moving average price is $26.93 and its 200-day moving average price is $21.77. The company has a market cap of $3.61 billion, a PE ratio of 435.83, a P/E/G ratio of 1.64 and a beta of 1.57. Tripadvisor, Inc. has a 52-week low of $14.15 and a 52-week 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 data on Wednesday, February 14th. The travel company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.14. Tripadvisor had a net margin of 0.56% and a return on equity of 11.69%. The firm had revenue of $390.00 million during the quarter, compared to analysts’ expectations of $372.93 million. On average, equities research analysts expect that Tripadvisor, Inc. will post 0.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. UBS Group boosted their price target on shares of Tripadvisor from $21.00 to $27.00 and gave the company a “neutral” rating in a research report on Friday, February 16th. The Goldman Sachs Group boosted their price target on shares of Tripadvisor from $23.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. B. Riley reiterated a “buy” rating and set a $34.00 price target (up previously from $27.00) on shares of Tripadvisor in a research report on Friday, February 16th. Ascendiant Capital Markets boosted their price objective on shares of Tripadvisor from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, December 29th. Finally, Truist Financial boosted their price objective on shares of Tripadvisor from $18.00 to $28.00 and gave the stock a “hold” rating in a research note on Thursday, March 14th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Tripadvisor currently has an average rating of “Hold” and a consensus price target of $24.12.

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.