Janney Montgomery Scott LLC Makes New $308,000 Investment in Tripadvisor, Inc. (NASDAQ:TRIP)

Janney Montgomery Scott LLC bought a new stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 20,882 shares of the travel company’s stock, valued at approximately $308,000.

Several other large investors have also modified their holdings of TRIP. True Wealth Design LLC purchased a new position in Tripadvisor in the third quarter worth $27,000. Capital Performance Advisors LLP purchased a new position in Tripadvisor during the 3rd quarter worth $28,000. GAMMA Investing LLC grew its stake in Tripadvisor by 204.7% during the 4th quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company’s stock worth $54,000 after buying an additional 2,469 shares during the last quarter. KBC Group NV increased its position in 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 buying an additional 1,777 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in Tripadvisor in the third quarter valued at about $201,000. Institutional investors own 98.99% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on TRIP. B. Riley upped their price objective on shares of Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Cantor Fitzgerald decreased their price target on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Thursday, November 7th. Wedbush reiterated a “neutral” rating and set a $17.00 price objective on shares of Tripadvisor in a research note on Thursday, December 19th. DA Davidson reissued a “neutral” rating and issued a $16.00 target price on shares of Tripadvisor in a research report on Thursday, December 19th. Finally, UBS Group lowered their price target on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Three equities 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 has an average rating of “Hold” and an average target price of $17.50.

Tripadvisor Trading Down 3.1 %

Shares of NASDAQ:TRIP opened at $17.84 on Wednesday. The company has a current ratio of 1.85, a quick 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 business has a 50 day moving average of $15.46 and a two-hundred day moving average of $14.96. The company has a market capitalization of $2.49 billion, a PE ratio of 77.57, a PEG ratio of 9.54 and a beta of 1.34.

Tripadvisor 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.