HighTower Advisors LLC Sells 3,347 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

HighTower Advisors LLC lowered its stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 13.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,468 shares of the travel company’s stock after selling 3,347 shares during the quarter. HighTower Advisors LLC’s holdings in Tripadvisor were worth $316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp raised its position in shares of Tripadvisor by 104.1% in the 2nd 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 last quarter. Louisiana State Employees Retirement System boosted its position in shares of Tripadvisor by 2.2% in the second quarter. Louisiana State Employees Retirement System now owns 54,700 shares of the travel company’s stock worth $974,000 after purchasing an additional 1,200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Tripadvisor by 28.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,487 shares of the travel company’s stock valued at $472,000 after acquiring an additional 5,802 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Tripadvisor by 525.7% in the second quarter. Crossmark Global Holdings Inc. now owns 56,197 shares of the travel company’s stock worth $1,001,000 after buying an additional 47,216 shares in the last quarter. Finally, Versor Investments LP boosted its stake in Tripadvisor by 111.3% during the second quarter. Versor Investments LP now owns 17,433 shares of the travel company’s stock valued at $310,000 after buying an additional 9,184 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analyst Ratings Changes

TRIP has been the topic of several recent research reports. UBS Group decreased their price target on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Citigroup decreased their target price 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. Truist Financial cut their price target on shares of Tripadvisor from $21.00 to $17.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Cantor Fitzgerald cut their price objective on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a research note on Thursday, November 7th. Finally, B. Riley lifted their target price on shares of Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $18.33.

Tripadvisor Stock Performance

NASDAQ TRIP opened at $14.06 on Tuesday. Tripadvisor, Inc. has a fifty-two week low of $12.93 and a fifty-two week high of $28.76. The firm has a market capitalization of $1.96 billion, a P/E ratio of 61.13, a price-to-earnings-growth ratio of 9.35 and a beta of 1.36. The stock’s fifty day moving average is $14.65 and its two-hundred day moving average is $15.45. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85.

Tripadvisor (NASDAQ:TRIP) last posted its earnings results on Wednesday, November 6th. The travel company reported $0.50 EPS for the quarter, beating 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 company had revenue of $532.00 million for the quarter, compared to the consensus estimate of $527.86 million. During the same quarter in the previous year, the business earned $0.35 earnings per share. The company’s revenue for the quarter was down .2% on a year-over-year basis. On average, research analysts anticipate that Tripadvisor, Inc. will post 0.37 earnings per share for the current year.

Tripadvisor Company 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.