Principal Financial Group Inc. Sells 18,927 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Principal Financial Group Inc. lowered its stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 3.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 516,081 shares of the travel company’s stock after selling 18,927 shares during the period. Principal Financial Group Inc. owned approximately 0.37% of Tripadvisor worth $7,478,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRIP. Boston Partners purchased a new position in shares of Tripadvisor during the first quarter valued at approximately $131,887,000. Pacer Advisors Inc. bought a new stake in shares of Tripadvisor in the 2nd quarter worth $33,731,000. Jupiter Asset Management Ltd. raised its holdings in shares of Tripadvisor by 1,150.2% in the second quarter. Jupiter Asset Management Ltd. now owns 1,684,505 shares of the travel company’s stock valued at $30,001,000 after purchasing an additional 1,549,761 shares during the last quarter. River Road Asset Management LLC lifted its position in shares of Tripadvisor by 33.3% during the third quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company’s stock valued at $53,179,000 after purchasing an additional 917,689 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings 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 last quarter. 98.99% of the stock is owned by institutional investors.

Tripadvisor Stock Performance

Shares of NASDAQ TRIP opened at $13.43 on Wednesday. Tripadvisor, Inc. has a 1-year low of $12.93 and a 1-year high of $28.76. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 58.39, a P/E/G ratio of 9.73 and a beta of 1.37. The stock’s 50-day moving average is $14.82 and its 200 day moving average is $16.25. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.06. The business had revenue of $532.00 million for the quarter, compared to analyst estimates of $527.86 million. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. Tripadvisor’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the company earned $0.35 EPS. On average, sell-side analysts anticipate that Tripadvisor, Inc. will post 0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Truist Financial decreased their price objective on shares of Tripadvisor from $21.00 to $17.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. JPMorgan Chase & Co. dropped their price target on Tripadvisor from $17.00 to $14.00 and set an “underweight” rating on the stock in a report on Wednesday, August 7th. DA Davidson reduced their price objective on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Wedbush reiterated a “neutral” rating and set a $17.00 target price (up from $16.00) on shares of Tripadvisor in a research note on Thursday, November 7th. Finally, TD Cowen increased their price target on shares of Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Three equities 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 company. According to data from MarketBeat.com, the company currently has a consensus 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.