DAVENPORT & Co LLC decreased its holdings in Tripadvisor Inc (NASDAQ:TRIP) by 29.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 741,159 shares of the travel company’s stock after selling 309,147 shares during the period. DAVENPORT & Co LLC owned about 0.53% of Tripadvisor worth $25,540,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the business. Advisor Group Inc. raised its stake in Tripadvisor by 1.4% in the second quarter. Advisor Group Inc. now owns 8,401 shares of the travel company’s stock valued at $321,000 after buying an additional 118 shares during the period. Norinchukin Bank The raised its stake in Tripadvisor by 4.4% in the second quarter. Norinchukin Bank The now owns 7,663 shares of the travel company’s stock valued at $293,000 after buying an additional 326 shares during the period. Flinton Capital Management LLC increased its stake in shares of Tripadvisor by 12.9% during the second quarter. Flinton Capital Management LLC now owns 7,008 shares of the travel company’s stock worth $268,000 after purchasing an additional 800 shares during the period. Suntrust Banks Inc. increased its stake in shares of Tripadvisor by 1.7% during the second quarter. Suntrust Banks Inc. now owns 49,192 shares of the travel company’s stock worth $1,879,000 after purchasing an additional 803 shares during the period. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Tripadvisor by 0.9% during the second quarter. Public Employees Retirement System of Ohio now owns 99,229 shares of the travel company’s stock worth $3,791,000 after purchasing an additional 865 shares during the period. Hedge funds and other institutional investors own 88.74% of the company’s stock.
A number of brokerages have recently weighed in on TRIP. Deutsche Bank lowered their target price on Tripadvisor from $40.00 to $37.00 and set a “hold” rating on the stock in a research note on Tuesday, October 24th. Zacks Investment Research upgraded Tripadvisor from a “sell” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Thursday, January 11th. UBS Group reiterated a “neutral” rating and set a $43.00 target price on shares of Tripadvisor in a research note on Wednesday, November 8th. Oppenheimer reiterated a “hold” rating on shares of Tripadvisor in a research note on Sunday, December 17th. Finally, Jefferies Group reiterated a “sell” rating and set a $35.00 target price on shares of Tripadvisor in a research note on Thursday, September 28th. Eight investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $39.42.
Tripadvisor Inc (TRIP) traded down $0.65 during trading on Wednesday, reaching $35.89. The company’s stock had a trading volume of 4,054,900 shares, compared to its average volume of 2,740,070. Tripadvisor Inc has a 12-month low of $29.50 and a 12-month high of $53.58. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.47 and a current ratio of 2.47. The company has a market cap of $4,980.00, a price-to-earnings ratio of 76.36, a PEG ratio of 4.32 and a beta of 2.33.
Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Monday, November 6th. The travel company reported $0.36 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.36. Tripadvisor had a return on equity of 6.81% and a net margin of 4.26%. The firm had revenue of $439.00 million for the quarter, compared to analyst estimates of $451.27 million. During the same quarter last year, the company earned $0.53 EPS. The company’s revenue was up 4.3% on a year-over-year basis. equities analysts expect that Tripadvisor Inc will post 0.69 earnings per share for the current year.
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TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.
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