Amalgamated Bank Decreases Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Amalgamated Bank reduced its stake in Tripadvisor, Inc. (NASDAQ:TRIP) by 26.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,498 shares of the travel company’s stock after selling 12,235 shares during the period. Amalgamated Bank’s holdings in Tripadvisor were worth $500,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TRIP. Acadian Asset Management LLC increased its position in shares of Tripadvisor by 589.5% in the 1st quarter. Acadian Asset Management LLC now owns 34,946 shares of the travel company’s stock valued at $970,000 after purchasing an additional 29,878 shares during the last quarter. Tidal Investments LLC purchased a new position in Tripadvisor in the first quarter valued at $4,638,000. Boston Partners acquired a new stake in Tripadvisor in the first quarter valued at $131,887,000. DekaBank Deutsche Girozentrale lifted its holdings in Tripadvisor by 9,356.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 195,467 shares of the travel company’s stock worth $5,477,000 after buying an additional 193,400 shares during the last quarter. Finally, U S Global Investors Inc. lifted its holdings in Tripadvisor by 71.8% during the 3rd quarter. U S Global Investors Inc. now owns 1,512,548 shares of the travel company’s stock worth $21,917,000 after buying an additional 632,353 shares during the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Tripadvisor Price Performance

Shares of NASDAQ:TRIP opened at $13.94 on Friday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.93. The company has a 50-day moving average price of $14.81 and a 200 day moving average price of $16.50. Tripadvisor, Inc. has a 52 week low of $12.93 and a 52 week high of $28.76. The company has a market cap of $1.93 billion, a P/E ratio of 60.61, a PEG ratio of 10.06 and a beta of 1.37.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The firm had revenue of $532.00 million for 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 revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 earnings per share. Research analysts predict that Tripadvisor, Inc. will post 0.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. BTIG Research cut 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. UBS Group cut their price objective on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. The Goldman Sachs Group lowered their target price on shares of Tripadvisor from $27.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, August 8th. B. Riley lifted their price target on shares of Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Cantor Fitzgerald decreased their price objective on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $18.33.

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.