Tripadvisor, Inc. (NASDAQ:TRIP) Shares Acquired by Citigroup Inc.

Citigroup Inc. lifted its position in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 34.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 258,119 shares of the travel company’s stock after acquiring an additional 66,042 shares during the period. Citigroup Inc. owned about 0.19% of Tripadvisor worth $3,740,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TRIP. Pacer Advisors Inc. increased its position in Tripadvisor by 167.6% in the third quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company’s stock worth $73,431,000 after buying an additional 3,173,817 shares during the period. Jupiter Asset Management Ltd. increased its position in 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 worth $30,001,000 after buying an additional 1,549,761 shares during the period. River Road Asset Management LLC increased its position in Tripadvisor by 33.3% in the third quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company’s stock worth $53,179,000 after buying an additional 917,689 shares during the period. AQR Capital Management LLC increased its position in Tripadvisor by 53.0% in the second quarter. AQR Capital Management LLC now owns 2,375,868 shares of the travel company’s stock worth $41,364,000 after buying an additional 822,712 shares during the period. Finally, U S Global Investors Inc. increased its position in Tripadvisor by 71.8% in the third 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 period. 98.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TRIP has been the topic of several analyst reports. DA Davidson dropped their target price on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. UBS Group dropped their target price on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Cantor Fitzgerald decreased their price target on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Thursday, November 7th. B. Riley increased their price target on Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, StockNews.com cut Tripadvisor from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $18.33.

Tripadvisor Trading Up 2.9 %

Shares of NASDAQ TRIP opened at $14.56 on Thursday. Tripadvisor, Inc. has a one year low of $12.93 and a one year high of $28.76. The firm has a market capitalization of $2.03 billion, a PE ratio of 63.31, a PEG ratio of 10.08 and a beta of 1.36. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. The business has a 50-day moving average price of $14.81 and a two-hundred day moving average price of $15.83.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Wednesday, November 6th. The travel company reported $0.50 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 during the quarter, compared to analyst estimates of $527.86 million. During the same period last year, the company posted $0.35 EPS. The business’s quarterly revenue was down .2% compared to the same quarter last year. As a group, analysts predict that Tripadvisor, Inc. will post 0.36 earnings per share for the current fiscal year.

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.