Charles Schwab Investment Management Inc. Raises Stock Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Charles Schwab Investment Management Inc. lifted its stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 4.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,199,339 shares of the travel company’s stock after buying an additional 55,115 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.87% of Tripadvisor worth $17,378,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TRIP. Capital Performance Advisors LLP purchased a new stake in shares of Tripadvisor during the 3rd quarter worth approximately $28,000. Fifth Third Bancorp raised its position in Tripadvisor by 104.1% in 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. Future Financial Wealth Managment LLC purchased a new stake in Tripadvisor in the 3rd quarter valued at $43,000. Quest Partners LLC raised its position in Tripadvisor by 14,244.4% in the 2nd 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 during the last quarter. Finally, KBC Group NV raised its position in 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 last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Tripadvisor Stock Performance

Shares of TRIP opened at $14.33 on Friday. The company has a 50-day simple moving average of $14.79 and a 200-day simple moving average of $15.77. 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 company has a market capitalization of $2.00 billion, a PE ratio of 62.30, a P/E/G ratio of 10.17 and a beta of 1.36. Tripadvisor, Inc. has a 52-week low of $12.93 and a 52-week high of $28.76.

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

Analysts Set New Price Targets

TRIP has been the subject of several research reports. Truist Financial reduced their price target 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. StockNews.com upgraded shares of Tripadvisor from a “hold” rating to a “buy” rating in a research report on Friday. Citigroup reduced their price target on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday, September 24th. TD Cowen upped 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. Finally, B. Riley upped their price target on shares of Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.