Empowered Funds LLC Takes Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Empowered Funds LLC acquired a new stake in Tripadvisor, Inc. (NASDAQ:TRIP) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 11,799 shares of the travel company’s stock, valued at approximately $174,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. True Wealth Design LLC purchased a new stake in Tripadvisor during the third quarter valued at about $27,000. Capital Performance Advisors LLP purchased a new stake in Tripadvisor during the third quarter valued at about $28,000. Blue Trust Inc. grew its position in Tripadvisor by 204.4% during the fourth quarter. Blue Trust Inc. now owns 2,298 shares of the travel company’s stock valued at $33,000 after acquiring an additional 1,543 shares during the period. GAMMA Investing LLC grew its position in Tripadvisor by 204.7% during the fourth quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company’s stock valued at $54,000 after acquiring an additional 2,469 shares during the period. Finally, KBC Group NV grew its position in Tripadvisor by 65.3% during the third quarter. KBC Group NV now owns 4,499 shares of the travel company’s stock valued at $65,000 after acquiring an additional 1,777 shares during the period. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TRIP shares. UBS Group reaffirmed a “neutral” rating on shares of Tripadvisor in a research report on Tuesday, February 4th. DA Davidson reaffirmed a “neutral” rating and issued a $16.00 target price on shares of Tripadvisor in a research report on Thursday. StockNews.com downgraded Tripadvisor from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Cantor Fitzgerald decreased their target price on Tripadvisor from $14.00 to $13.00 and set an “underweight” rating for the company in a research report on Friday. Finally, B. Riley upped their target price on Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating 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 assigned a buy rating to the stock. According to data from MarketBeat.com, Tripadvisor has a consensus rating of “Hold” and a consensus target price of $17.71.

Tripadvisor Price Performance

TRIP opened at $15.11 on Friday. Tripadvisor, Inc. has a 52 week low of $12.93 and a 52 week high of $28.76. The firm has a market capitalization of $2.11 billion, a PE ratio of 755.88, a P/E/G ratio of 9.01 and a beta of 1.34. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 2.10. The company has a fifty day moving average price of $15.98 and a two-hundred day moving average price of $14.99.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Thursday, February 20th. The travel company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.08). Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. The firm had revenue of $411.00 million during the quarter, compared to analyst estimates of $400.02 million. As a group, analysts anticipate that Tripadvisor, Inc. will post 0.46 earnings per share 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.