Tripadvisor, Inc. (NASDAQ:TRIP) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 18.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,635,810 shares of the travel company’s stock after selling 380,400 shares during the quarter. Renaissance Technologies LLC’s holdings in Tripadvisor were worth $24,161,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Bogart Wealth LLC purchased a new stake in shares of Tripadvisor in the fourth quarter worth about $30,000. Blue Trust Inc. raised its position in Tripadvisor by 204.4% during the fourth quarter. Blue Trust Inc. now owns 2,298 shares of the travel company’s stock valued at $33,000 after acquiring an additional 1,543 shares in the last quarter. Aster Capital Management DIFC Ltd lifted its holdings in Tripadvisor by 83.8% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company’s stock valued at $50,000 after acquiring an additional 1,557 shares during the period. GAMMA Investing LLC boosted its position in Tripadvisor by 204.7% in the 4th quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company’s stock worth $54,000 after purchasing an additional 2,469 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Tripadvisor during the 4th quarter worth approximately $58,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Tripadvisor Trading Up 1.6 %

Shares of TRIP stock opened at $11.62 on Friday. Tripadvisor, Inc. has a fifty-two week low of $10.43 and a fifty-two week high of $27.63. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 2.10. The stock’s fifty day moving average is $14.71 and its two-hundred day moving average is $14.90. The firm has a market capitalization of $1.63 billion, a P/E ratio of 581.29, a PEG ratio of 9.01 and a beta of 1.25.

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TRIP. Wedbush reiterated a “neutral” rating and issued a $17.00 target price on shares of Tripadvisor in a research note on Thursday, December 19th. DA Davidson reaffirmed a “neutral” rating and issued a $16.00 price objective on shares of Tripadvisor in a report on Thursday, February 20th. JPMorgan Chase & Co. lowered their target price on shares of Tripadvisor from $15.00 to $11.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 8th. UBS Group restated a “neutral” rating on shares of Tripadvisor in a research note on Tuesday, February 4th. Finally, StockNews.com upgraded Tripadvisor from a “hold” rating to a “buy” rating in a research report on Monday, February 24th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Tripadvisor presently has an average rating of “Hold” and an average target price of $17.29.

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.