GAMMA Investing LLC Has $54,000 Position in Tripadvisor, Inc. (NASDAQ:TRIP)

GAMMA Investing LLC lifted its stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 204.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,675 shares of the travel company’s stock after purchasing an additional 2,469 shares during the quarter. GAMMA Investing LLC’s holdings in Tripadvisor were worth $54,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. KBC Group NV grew its holdings in shares of Tripadvisor by 65.3% during 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. True Wealth Design LLC bought a new stake in Tripadvisor during the 3rd quarter worth approximately $27,000. Capital Performance Advisors LLP bought a new stake in Tripadvisor during the 3rd quarter worth approximately $28,000. Quest Partners LLC grew its holdings in Tripadvisor by 14,244.4% during the 2nd quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock worth $46,000 after acquiring an additional 2,564 shares during the last quarter. Finally, Future Financial Wealth Managment LLC bought a new stake in Tripadvisor during the 3rd quarter worth approximately $43,000. 98.99% of the stock is owned by institutional investors.

Tripadvisor Stock Up 1.0 %

Tripadvisor stock opened at $14.34 on Tuesday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.93. Tripadvisor, Inc. has a 12-month low of $12.93 and a 12-month high of $28.76. The firm’s fifty day moving average is $14.39 and its 200 day moving average is $15.07. The company has a market capitalization of $2.00 billion, a PE ratio of 62.35, a PEG ratio of 9.35 and a beta of 1.33.

Tripadvisor (NASDAQ:TRIP) last released its 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. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. 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 company earned $0.35 EPS. Tripadvisor’s quarterly revenue was down .2% compared to the same quarter last year. As a group, sell-side analysts predict that Tripadvisor, Inc. will post 0.37 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TRIP shares. B. Riley boosted their target price on shares of Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Citigroup reduced their target price on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Cantor Fitzgerald reduced their target price on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a report on Thursday, November 7th. StockNews.com downgraded shares of Tripadvisor from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Finally, Wedbush restated a “neutral” rating and issued a $17.00 price target on shares of Tripadvisor in a research report on Thursday, December 19th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $17.50.

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.