Tripadvisor, Inc. (NASDAQ:TRIP) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its holdings in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 25.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 773,632 shares of the travel company’s stock after selling 270,816 shares during the period. Bank of New York Mellon Corp owned 0.56% of Tripadvisor worth $11,427,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TRIP. Y Intercept Hong Kong Ltd raised its stake in Tripadvisor by 21.1% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 21,265 shares of the travel company’s stock worth $314,000 after acquiring an additional 3,706 shares during the period. Ieq Capital LLC raised its position in shares of Tripadvisor by 391.1% during the 4th quarter. Ieq Capital LLC now owns 63,680 shares of the travel company’s stock worth $941,000 after purchasing an additional 50,713 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Tripadvisor in the fourth quarter worth $58,000. Principal Financial Group Inc. lifted its stake in Tripadvisor by 3.5% in the fourth quarter. Principal Financial Group Inc. now owns 534,304 shares of the travel company’s stock valued at $7,892,000 after buying an additional 18,223 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in Tripadvisor by 15.6% in the fourth quarter. Rhumbline Advisers now owns 286,342 shares of the travel company’s stock valued at $4,229,000 after buying an additional 38,740 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TRIP shares. StockNews.com raised shares of Tripadvisor from a “hold” rating to a “buy” rating in a report on Monday, February 24th. Wedbush restated a “neutral” rating and issued a $17.00 price target on shares of Tripadvisor in a research note on Thursday, December 19th. JPMorgan Chase & Co. boosted their price objective on Tripadvisor from $14.00 to $15.00 and gave the stock an “underweight” rating in a research report on Friday, February 21st. B. Riley lowered their target price on Tripadvisor from $20.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, DA Davidson reiterated a “neutral” rating and set a $16.00 price target on shares of Tripadvisor in a research report on Thursday, February 20th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $17.57.

Tripadvisor Trading Down 0.5 %

Shares of Tripadvisor stock opened at $13.68 on Friday. The business has a fifty day simple moving average of $15.99 and a 200-day simple moving average of $15.01. Tripadvisor, Inc. has a fifty-two week low of $12.93 and a fifty-two week high of $28.76. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 684.34, a price-to-earnings-growth ratio of 9.01 and a beta of 1.35. 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 (NASDAQ:TRIP) last issued its quarterly earnings results on Thursday, February 20th. The travel company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. The business had revenue of $411.00 million during the quarter, compared to analyst estimates of $400.02 million. On average, equities analysts forecast that Tripadvisor, Inc. will post 0.46 EPS for the current fiscal 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.