Cwm LLC Has $309,000 Stock Holdings in Tripadvisor, Inc. (NASDAQ:TRIP)

Cwm LLC raised its stake in Tripadvisor, Inc. (NASDAQ:TRIP) by 102.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,358 shares of the travel company’s stock after buying an additional 10,826 shares during the period. Cwm LLC’s holdings in Tripadvisor were worth $309,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TRIP. Boston Partners acquired a new position in shares of Tripadvisor in the first quarter valued at approximately $131,887,000. Pacer Advisors Inc. bought a new position in shares of Tripadvisor during the second quarter worth about $33,731,000. Jupiter Asset Management Ltd. raised its holdings in Tripadvisor by 1,150.2% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 1,684,505 shares of the travel company’s stock worth $30,001,000 after purchasing an additional 1,549,761 shares during the last quarter. AQR Capital Management LLC grew its stake in Tripadvisor by 53.0% during the second quarter. AQR Capital Management LLC now owns 2,375,868 shares of the travel company’s stock worth $41,364,000 after purchasing an additional 822,712 shares during the period. Finally, Vanguard Group Inc. increased its holdings 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 valued at $277,233,000 after acquiring an additional 791,940 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Tripadvisor from $17.00 to $14.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 7th. Truist Financial decreased their price target on shares of Tripadvisor from $21.00 to $17.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. B. Riley lowered shares of Tripadvisor from a “buy” rating to a “neutral” rating and cut their target price for the stock from $26.00 to $19.00 in a research report on Wednesday, August 7th. Citigroup lowered their price objective on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. Finally, The Goldman Sachs Group dropped their price target on shares of Tripadvisor from $27.00 to $24.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.33.

Tripadvisor Stock Performance

Shares of Tripadvisor stock opened at $15.26 on Tuesday. Tripadvisor, Inc. has a 12 month low of $12.93 and a 12 month high of $28.76. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.04. The business has a fifty day simple moving average of $14.28 and a two-hundred day simple moving average of $17.95. The firm has a market capitalization of $2.12 billion, a P/E ratio of 101.73, a P/E/G ratio of 2.33 and a beta of 1.39.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Tuesday, August 6th. The travel company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. Tripadvisor had a return on equity of 11.81% and a net margin of 1.32%. The company had revenue of $497.00 million during the quarter, compared to analyst estimates of $504.76 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. Tripadvisor’s revenue was up .6% compared to the same quarter last year. On average, equities analysts forecast that Tripadvisor, Inc. will post 0.37 earnings per share 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.