Royce & Associates LP Purchases 18,540 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Royce & Associates LP raised its position in Tripadvisor, Inc. (NASDAQ:TRIP) by 32.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,630 shares of the travel company’s stock after buying an additional 18,540 shares during the period. Royce & Associates LP owned 0.05% of Tripadvisor worth $1,117,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in TRIP. Pacer Advisors Inc. increased its stake in shares of Tripadvisor by 167.6% in the third quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company’s stock valued at $73,431,000 after buying an additional 3,173,817 shares in the last quarter. River Road Asset Management LLC increased its position in Tripadvisor by 1.3% in the 4th quarter. River Road Asset Management LLC now owns 3,715,961 shares of the travel company’s stock valued at $54,885,000 after acquiring an additional 45,898 shares in the last quarter. State Street Corp raised its stake in shares of Tripadvisor by 1.0% in the third quarter. State Street Corp now owns 3,457,661 shares of the travel company’s stock worth $50,102,000 after acquiring an additional 33,809 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Tripadvisor by 15.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,566,342 shares of the travel company’s stock worth $37,186,000 after purchasing an additional 334,961 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Tripadvisor by 1.0% during the third quarter. Geode Capital Management LLC now owns 1,822,913 shares of the travel company’s stock valued at $26,421,000 after purchasing an additional 18,059 shares during the last quarter. 98.99% of the stock is owned by institutional investors.

Tripadvisor Price Performance

TRIP opened at $14.89 on Friday. The stock has a market cap of $2.09 billion, a P/E ratio of 744.87, a P/E/G ratio of 9.01 and a beta of 1.35. Tripadvisor, Inc. has a 12 month low of $12.93 and a 12 month high of $28.76. The company has a quick ratio of 1.85, a current ratio of 2.10 and a debt-to-equity ratio of 0.93. The company has a fifty day simple moving average of $15.91 and a 200 day simple moving average of $15.00.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Thursday, February 20th. The travel company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.08). Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. The business had revenue of $411.00 million during the quarter, compared to the consensus estimate of $400.02 million. On average, research analysts expect that Tripadvisor, Inc. will post 0.46 EPS for the current year.

Wall Street Analysts Forecast Growth

TRIP has been the topic of several research reports. StockNews.com raised Tripadvisor from a “hold” rating to a “buy” rating in a report on Monday, February 24th. Wedbush reaffirmed a “neutral” rating and set a $17.00 price target on shares of Tripadvisor in a research note on Thursday, December 19th. B. Riley lowered their price objective on Tripadvisor from $20.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, March 10th. UBS Group restated a “neutral” rating on shares of Tripadvisor in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Tripadvisor from $14.00 to $15.00 and gave the stock an “underweight” rating in a research report on Friday, February 21st. Three analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Tripadvisor presently has a consensus rating of “Hold” and a consensus target price of $17.57.

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.