Cerity Partners LLC Grows Stake in Tripadvisor, Inc. (NASDAQ:TRIP)

Cerity Partners LLC boosted its position in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 154.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,493 shares of the travel company’s stock after acquiring an additional 22,133 shares during the quarter. Cerity Partners LLC’s holdings in Tripadvisor were worth $529,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp increased its position in shares of Tripadvisor by 104.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock valued at $30,000 after purchasing an additional 846 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Tripadvisor in the third quarter worth approximately $28,000. Quest Partners LLC grew its position 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 buying an additional 2,564 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in Tripadvisor during the third quarter valued at approximately $43,000. Finally, Gladius Capital Management LP bought a new position in Tripadvisor in the second quarter worth approximately $79,000. Institutional investors own 98.99% of the company’s stock.

Tripadvisor Stock Performance

Shares of NASDAQ:TRIP opened at $14.33 on Friday. The firm has a fifty day simple moving average of $14.79 and a two-hundred day simple moving average of $15.77. Tripadvisor, Inc. has a 52 week low of $12.93 and a 52 week high of $28.76. 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 stock has a market capitalization of $2.00 billion, a P/E ratio of 62.30, a PEG ratio of 10.17 and a beta of 1.36.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Truist Financial cut their price objective on shares of Tripadvisor from $21.00 to $17.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. B. Riley boosted their price target on Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Wedbush reaffirmed a “neutral” rating and issued a $17.00 price objective (up previously from $16.00) on shares of Tripadvisor in a research note on Thursday, November 7th. DA Davidson lowered their price objective on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Finally, StockNews.com upgraded shares of Tripadvisor from a “hold” rating to a “buy” rating in a research note on Friday. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average 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.