14,319 Shares in Tripadvisor, Inc. (NASDAQ:TRIP) Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC bought a new stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 14,319 shares of the travel company’s stock, valued at approximately $207,000.

A number of other large investors also recently added to or reduced their stakes in TRIP. Fifth Third Bancorp raised its position in shares of Tripadvisor by 104.1% during the second quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock valued at $30,000 after buying an additional 846 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in Tripadvisor during the third quarter valued at $43,000. Quest Partners LLC increased its holdings in Tripadvisor by 14,244.4% in the 2nd quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock valued at $46,000 after acquiring an additional 2,564 shares during the last quarter. Gladius Capital Management LP purchased a new stake in Tripadvisor in the 2nd quarter worth $79,000. Finally, Quent Capital LLC lifted its stake in Tripadvisor by 88.7% in the 3rd quarter. Quent Capital LLC now owns 10,423 shares of the travel company’s stock worth $151,000 after purchasing an additional 4,899 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Tripadvisor Stock Down 3.6 %

Tripadvisor stock opened at $14.26 on Wednesday. Tripadvisor, Inc. has a 1-year low of $12.93 and a 1-year high of $28.76. The business has a fifty day moving average price of $14.79 and a 200-day moving average price of $16.69. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.85 and a quick ratio of 1.68. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 62.00, a PEG ratio of 10.19 and a beta of 1.37.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.06. The business had revenue of $532.00 million during the quarter, compared to the consensus estimate of $527.86 million. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the company earned $0.35 earnings per share. Equities research analysts forecast that Tripadvisor, Inc. will post 0.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. DA Davidson reduced their target price on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. StockNews.com downgraded Tripadvisor from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. BTIG Research lowered their target price on Tripadvisor from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. UBS Group reduced their price target on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Finally, Cantor Fitzgerald decreased their price target on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a research note on Thursday, November 7th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $18.33.

About Tripadvisor

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.