Victory Capital Management Inc. Sells 17,290 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Victory Capital Management Inc. trimmed its position in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 9.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 158,890 shares of the travel company’s stock after selling 17,290 shares during the quarter. Victory Capital Management Inc. owned 0.11% of Tripadvisor worth $2,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in TRIP. Fifth Third Bancorp increased 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 acquiring an additional 846 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in Tripadvisor by 2.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 54,700 shares of the travel company’s stock valued at $974,000 after purchasing an additional 1,200 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Tripadvisor during the 3rd quarter worth $28,000. Quest Partners LLC boosted its holdings in shares of Tripadvisor by 14,244.4% in the 2nd quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock worth $46,000 after buying an additional 2,564 shares during the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of Tripadvisor in the 3rd quarter worth about $43,000. Institutional investors own 98.99% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. BTIG Research lowered their price objective on shares of Tripadvisor from $25.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. 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 report on Thursday, November 7th. Cantor Fitzgerald reduced their price objective on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Thursday, November 7th. Truist Financial lowered their target price on Tripadvisor from $21.00 to $17.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Finally, Wedbush reaffirmed a “neutral” rating and set a $17.00 price target (up previously from $16.00) on shares of Tripadvisor in a research report on Thursday, November 7th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Tripadvisor has an average rating of “Hold” and an average target price of $18.33.

Tripadvisor Price Performance

Shares of NASDAQ:TRIP opened at $13.87 on Monday. The company has a 50 day moving average of $14.83 and a 200 day moving average of $16.05. The stock has a market cap of $1.93 billion, a P/E ratio of 60.31, a P/E/G ratio of 9.39 and a beta of 1.37. 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, Inc. has a 12 month low of $12.93 and a 12 month high of $28.76.

Tripadvisor (NASDAQ:TRIP) last issued its 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 during 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 earnings per share. As a group, sell-side analysts forecast that Tripadvisor, Inc. will post 0.36 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.