Tripadvisor, Inc. (NASDAQ:TRIP) Shares Sold by FORA Capital LLC

FORA Capital LLC lessened its holdings in Tripadvisor, Inc. (NASDAQ:TRIP) by 41.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,412 shares of the travel company’s stock after selling 22,219 shares during the quarter. FORA Capital LLC’s holdings in Tripadvisor were worth $464,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TRIP. Deutsche Bank AG lifted its position in shares of Tripadvisor by 0.5% in the 4th quarter. Deutsche Bank AG now owns 444,809 shares of the travel company’s stock worth $6,570,000 after buying an additional 2,194 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Tripadvisor during the fourth quarter worth about $1,859,000. Bridgefront Capital LLC lifted its holdings in Tripadvisor by 52.3% in the fourth quarter. Bridgefront Capital LLC now owns 25,047 shares of the travel company’s stock worth $370,000 after acquiring an additional 8,605 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Tripadvisor by 179.5% in the fourth quarter. Ameriprise Financial Inc. now owns 4,412,426 shares of the travel company’s stock valued at $65,172,000 after acquiring an additional 2,833,528 shares during the period. Finally, AQR Capital Management LLC grew its holdings in shares of Tripadvisor by 40.1% during the fourth quarter. AQR Capital Management LLC now owns 3,364,542 shares of the travel company’s stock valued at $49,694,000 after purchasing an additional 962,262 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Analyst Ratings Changes

TRIP has been the topic of a number of recent research reports. B. Riley cut their target price on Tripadvisor from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, March 10th. Mizuho upgraded shares of Tripadvisor to a “hold” rating in a research report on Friday, April 18th. JPMorgan Chase & Co. upped their target price on shares of Tripadvisor from $11.00 to $13.00 and gave the stock an “underweight” rating in a research report on Friday. StockNews.com raised Tripadvisor from a “hold” rating to a “buy” rating in a report on Monday, February 24th. Finally, Cantor Fitzgerald lowered their target price on Tripadvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a research report on Friday, February 21st. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $17.08.

Tripadvisor Trading Up 0.5 %

Shares of TRIP stock opened at $15.02 on Friday. The stock has a 50-day simple moving average of $13.18 and a 200 day simple moving average of $14.61. The stock has a market capitalization of $2.11 billion, a P/E ratio of 751.38, a P/E/G ratio of 9.01 and a beta of 1.27. Tripadvisor, Inc. has a fifty-two week low of $10.43 and a fifty-two week high of $19.37. The company has a quick ratio of 1.85, a current ratio of 2.10 and a debt-to-equity ratio of 0.93.

Tripadvisor (NASDAQ:TRIP) last issued its earnings results on Wednesday, May 7th. The travel company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.09. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. The firm had revenue of $398.00 million during the quarter, compared to analysts’ expectations of $386.94 million. During the same period last year, the firm posted $0.12 earnings per share. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. On average, sell-side analysts expect that Tripadvisor, Inc. will post 0.46 earnings per share for the current fiscal 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.