Toth Financial Advisory Corp Purchases Shares of 26,500 Tripadvisor, Inc. (NASDAQ:TRIP)

Toth Financial Advisory Corp purchased a new stake in Tripadvisor, Inc. (NASDAQ:TRIP) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 26,500 shares of the travel company’s stock, valued at approximately $736,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC acquired a new stake in shares of Tripadvisor during the first quarter worth $83,000. Confluence Investment Management LLC acquired a new stake in shares of Tripadvisor during the first quarter worth $5,218,000. Vanguard Group Inc. increased its position in shares of Tripadvisor by 6.6% during the fourth quarter. Vanguard Group Inc. now owns 12,876,614 shares of the travel company’s stock worth $277,233,000 after buying an additional 791,940 shares during the period. AdvisorShares Investments LLC acquired a new stake in shares of Tripadvisor during the fourth quarter worth $183,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Tripadvisor by 46.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,158 shares of the travel company’s stock worth $111,000 after buying an additional 1,641 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TRIP has been the subject of several recent analyst reports. The Goldman Sachs Group decreased their price objective on shares of Tripadvisor from $34.00 to $27.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Mizuho cut their target price on shares of Tripadvisor from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. Wedbush reissued a “neutral” rating and set a $21.00 target price on shares of Tripadvisor in a research note on Friday, May 24th. Truist Financial cut their target price on shares of Tripadvisor from $28.00 to $21.00 and set a “hold” rating on the stock in a research note on Thursday, May 30th. Finally, DA Davidson lowered shares of Tripadvisor from a “buy” rating to a “neutral” rating and cut their target price for the stock from $31.00 to $20.00 in a research note on Thursday, May 9th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $21.76.

Tripadvisor Stock Performance

Shares of TRIP stock opened at $17.81 on Friday. The firm has a 50-day moving average of $20.09 and a 200-day moving average of $22.72. The company has a market cap of $2.48 billion, a P/E ratio of 118.74, a P/E/G ratio of 1.60 and a beta of 1.44. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.69 and a quick ratio of 1.69. Tripadvisor, Inc. has a one year low of $14.15 and a one year high of $28.76.

Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Wednesday, May 8th. The travel company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.08. The company had revenue of $395.00 million during the quarter, compared to the consensus estimate of $390.93 million. Tripadvisor had a net margin of 1.32% and a return on equity of 12.03%. Equities research analysts forecast that Tripadvisor, Inc. will post 0.62 EPS 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.