Principal Financial Group Inc. Has $7.89 Million Stock Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Principal Financial Group Inc. grew its stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 534,304 shares of the travel company’s stock after buying an additional 18,223 shares during the quarter. Principal Financial Group Inc. owned approximately 0.38% of Tripadvisor worth $7,892,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TRIP. Wealth Enhancement Advisory Services LLC bought a new position in shares of Tripadvisor during the third quarter valued at $207,000. Pallas Capital Advisors LLC acquired a new stake in Tripadvisor during the 3rd quarter valued at approximately $247,000. River Road Asset Management LLC boosted its stake in shares of Tripadvisor by 33.3% in the 3rd quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company’s stock valued at $53,179,000 after purchasing an additional 917,689 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Tripadvisor during the third quarter worth $28,000. Finally, River Global Investors LLP increased its position in shares of Tripadvisor by 5.0% during the third quarter. River Global Investors LLP now owns 72,808 shares of the travel company’s stock worth $1,055,000 after buying an additional 3,500 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. B. Riley boosted their target price on shares of Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Wedbush reissued a “neutral” rating and issued a $17.00 price target on shares of Tripadvisor in a research note on Thursday, December 19th. StockNews.com raised Tripadvisor from a “hold” rating to a “buy” rating in a research report on Monday, February 24th. Cantor Fitzgerald reduced their price objective on shares of Tripadvisor from $14.00 to $13.00 and set an “underweight” rating for the company in a report on Friday, February 21st. Finally, JPMorgan Chase & Co. upped their price target on Tripadvisor from $14.00 to $15.00 and gave the stock an “underweight” rating in a report on Friday, February 21st. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $17.71.

Tripadvisor Trading Up 2.4 %

Shares of TRIP stock opened at $14.80 on Friday. The firm has a market cap of $2.06 billion, a P/E ratio of 740.37, a PEG ratio of 9.01 and a beta of 1.34. The company has a 50 day moving average of $16.10 and a 200-day moving average of $15.03. The company has a quick ratio of 1.85, a current ratio of 2.10 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.

Tripadvisor (NASDAQ:TRIP) last posted its earnings results on Thursday, February 20th. The travel company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.08). Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. The business had revenue of $411.00 million during the quarter, compared to analysts’ expectations of $400.02 million. Sell-side 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.