Barclays PLC Sells 82,599 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Barclays PLC decreased its holdings in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 58.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 58,024 shares of the travel company’s stock after selling 82,599 shares during the period. Barclays PLC’s holdings in Tripadvisor were worth $841,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC raised its position in Tripadvisor by 1.0% in the third quarter. Geode Capital Management LLC now owns 1,822,913 shares of the travel company’s stock worth $26,421,000 after acquiring an additional 18,059 shares during the period. Public Employees Retirement System of Ohio increased its holdings in Tripadvisor by 7.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 52,534 shares of the travel company’s stock valued at $761,000 after acquiring an additional 3,604 shares during the last quarter. XTX Topco Ltd bought a new stake in Tripadvisor in the 3rd quarter valued at $208,000. National Bank of Canada FI grew its stake in shares of Tripadvisor by 31.2% in the 3rd quarter. National Bank of Canada FI now owns 59,455 shares of the travel company’s stock worth $862,000 after buying an additional 14,129 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Tripadvisor by 1.0% in the 3rd quarter. State Street Corp now owns 3,457,661 shares of the travel company’s stock worth $50,102,000 after buying an additional 33,809 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Tripadvisor Price Performance

Shares of NASDAQ TRIP opened at $15.26 on Thursday. The firm has a market capitalization of $2.13 billion, a P/E ratio of 66.35, a PEG ratio of 9.35 and a beta of 1.33. Tripadvisor, Inc. has a one year low of $12.93 and a one year high of $28.76. The company’s fifty day moving average is $14.36 and its two-hundred day moving average is $15.05. 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 announced its earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.06. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. The firm had revenue of $532.00 million during the quarter, compared to the consensus estimate of $527.86 million. During the same quarter in the previous year, the company posted $0.35 EPS. The firm’s revenue for the quarter was down .2% on a year-over-year basis. Analysts forecast that Tripadvisor, Inc. will post 0.37 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on TRIP. DA Davidson reaffirmed a “neutral” rating and set a $16.00 price target on shares of Tripadvisor in a research note on Thursday, December 19th. Wedbush restated a “neutral” rating and issued a $17.00 price target on shares of Tripadvisor in a report on Thursday, December 19th. Cantor Fitzgerald reduced their price objective on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research note 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, UBS Group dropped their target price on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target 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.