Stifel Financial Corp Has $250,000 Stock Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Stifel Financial Corp lessened its position in Tripadvisor, Inc. (NASDAQ:TRIP) by 64.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 17,263 shares of the travel company’s stock after selling 30,634 shares during the period. Stifel Financial Corp’s holdings in Tripadvisor were worth $250,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. U S Global Investors Inc. lifted its position in Tripadvisor by 71.8% in the 3rd quarter. U S Global Investors Inc. now owns 1,512,548 shares of the travel company’s stock valued at $21,917,000 after acquiring an additional 632,353 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Tripadvisor by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,199,339 shares of the travel company’s stock valued at $17,378,000 after buying an additional 55,115 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Tripadvisor by 214.8% during the second quarter. Victory Capital Management Inc. now owns 176,180 shares of the travel company’s stock valued at $3,138,000 after buying an additional 120,209 shares during the last quarter. Boussard & Gavaudan Investment Management LLP bought a new stake in Tripadvisor during the third quarter worth $5,159,000. Finally, Wittenberg Investment Management Inc. purchased a new stake in Tripadvisor in the 3rd quarter valued at $1,087,000. Institutional investors own 98.99% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TRIP. Truist Financial cut their target price on 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 reduced their price objective on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Thursday, November 7th. DA Davidson reaffirmed a “neutral” rating and set a $16.00 target price on shares of Tripadvisor in a research report on Thursday, December 19th. StockNews.com raised shares of Tripadvisor from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Finally, UBS Group decreased their price objective on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Tripadvisor currently has a consensus rating of “Hold” and an average price target of $17.50.

Tripadvisor Price Performance

Shares of Tripadvisor stock opened at $14.55 on Monday. 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, Inc. has a 52-week low of $12.93 and a 52-week high of $28.76. The company has a fifty day moving average of $14.57 and a 200-day moving average of $15.32. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 63.26, a price-to-earnings-growth ratio of 9.35 and a beta of 1.36.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.06. The business had revenue of $532.00 million for the quarter, compared to analyst estimates of $527.86 million. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. Tripadvisor’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the company earned $0.35 EPS. Equities research analysts expect that Tripadvisor, Inc. will post 0.37 EPS for the current 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.