Tripadvisor, Inc. (NASDAQ:TRIP) Stock Position Reduced by Meeder Asset Management Inc.

Meeder Asset Management Inc. lessened its position in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 79.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,205 shares of the travel company’s stock after selling 8,456 shares during the period. Meeder Asset Management Inc.’s holdings in Tripadvisor were worth $39,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Acadian Asset Management LLC lifted its holdings in Tripadvisor by 589.5% during the 1st quarter. Acadian Asset Management LLC now owns 34,946 shares of the travel company’s stock worth $970,000 after buying an additional 29,878 shares during the last quarter. Contrarius Investment Management Ltd acquired a new stake in shares of Tripadvisor during the 4th quarter worth approximately $9,859,000. Oliver Luxxe Assets LLC acquired a new stake in shares of Tripadvisor during the 4th quarter worth approximately $542,000. Tidal Investments LLC acquired a new stake in shares of Tripadvisor during the 1st quarter worth approximately $4,638,000. Finally, Boston Partners acquired a new stake in shares of Tripadvisor during the 1st quarter worth approximately $131,887,000. Institutional investors own 98.99% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TRIP. BMO Capital Markets dropped their price target on Tripadvisor from $20.00 to $17.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 7th. Wedbush reiterated a “neutral” rating and set a $21.00 price target on shares of Tripadvisor in a research report on Wednesday, August 7th. DA Davidson dropped their price target on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. BTIG Research lowered their target price on Tripadvisor from $25.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Finally, UBS Group lowered their target price on Tripadvisor from $20.00 to $18.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Tripadvisor currently has a consensus rating of “Hold” and an average target price of $19.13.

Tripadvisor Stock Performance

TRIP opened at $13.51 on Monday. The firm has a market cap of $1.87 billion, a PE ratio of 90.07, a P/E/G ratio of 1.73 and a beta of 1.39. The business has a fifty day simple moving average of $15.55 and a 200-day simple moving average of $20.21. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.04. Tripadvisor, Inc. has a fifty-two week low of $12.93 and a fifty-two week high of $28.76.

Tripadvisor (NASDAQ:TRIP) last issued its earnings results on Tuesday, August 6th. The travel company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. The business had revenue of $497.00 million during the quarter, compared to analysts’ expectations of $504.76 million. Tripadvisor had a return on equity of 11.81% and a net margin of 1.32%. Tripadvisor’s revenue was up .6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 earnings per share. As a group, equities analysts predict that Tripadvisor, Inc. will post 0.43 EPS for the current fiscal year.

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.