Mutual of America Capital Management LLC Sells 1,413 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Mutual of America Capital Management LLC lessened its stake in Tripadvisor, Inc. (NASDAQ:TRIP) by 7.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,466 shares of the travel company’s stock after selling 1,413 shares during the period. Mutual of America Capital Management LLC’s holdings in Tripadvisor were worth $239,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in TRIP. Capital Performance Advisors LLP bought a new stake in shares of Tripadvisor in the third quarter valued at about $28,000. Fifth Third Bancorp lifted its stake in Tripadvisor by 104.1% during the second quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock worth $30,000 after purchasing an additional 846 shares during the period. Future Financial Wealth Managment LLC bought a new position in Tripadvisor during the third quarter worth about $43,000. Quest Partners LLC boosted its holdings in Tripadvisor by 14,244.4% during the second quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock valued at $46,000 after purchasing an additional 2,564 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of Tripadvisor by 65.3% in the 3rd quarter. KBC Group NV now owns 4,499 shares of the travel company’s stock valued at $65,000 after purchasing an additional 1,777 shares during the period. Institutional investors own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TRIP. DA Davidson lowered their price target on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. StockNews.com cut shares of Tripadvisor from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. cut their price target on shares of Tripadvisor from $17.00 to $14.00 and set an “underweight” rating for the company in a report on Wednesday, August 7th. B. Riley upped their price objective 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, The Goldman Sachs Group cut their target price on shares of Tripadvisor from $27.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $18.33.

Tripadvisor Price Performance

Tripadvisor stock opened at $14.10 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. Tripadvisor, Inc. has a 12-month low of $12.93 and a 12-month high of $28.76. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 61.31, a P/E/G ratio of 9.92 and a beta of 1.37. The business’s 50-day simple moving average is $14.85 and its 200 day simple moving average is $15.98.

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 analysts’ consensus estimates of $0.44 by $0.06. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. The firm had revenue of $532.00 million for the quarter, compared to analysts’ expectations of $527.86 million. During the same quarter last year, the business earned $0.35 earnings per share. The company’s revenue was down .2% compared to the same quarter last year. As a group, research analysts anticipate that Tripadvisor, Inc. will post 0.36 earnings per share for the current 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.