PNC Financial Services Group Inc. Reduces Stock Position in Tripadvisor, Inc. (NASDAQ:TRIP)

PNC Financial Services Group Inc. lessened its holdings in Tripadvisor, Inc. (NASDAQ:TRIP) by 13.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,649 shares of the travel company’s stock after selling 2,361 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Tripadvisor were worth $231,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Edgestream Partners L.P. purchased a new position in Tripadvisor in the fourth quarter valued at $579,000. Raymond James Financial Inc. acquired a new position in Tripadvisor in the fourth quarter valued at $3,009,000. Charles Schwab Investment Management Inc. boosted its stake in Tripadvisor by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,204,362 shares of the travel company’s stock valued at $17,788,000 after acquiring an additional 5,023 shares in the last quarter. SRS Capital Advisors Inc. acquired a new position in Tripadvisor in the fourth quarter valued at $71,000. Finally, U S Global Investors Inc. boosted its stake in Tripadvisor by 2.0% in the fourth quarter. U S Global Investors Inc. now owns 1,543,056 shares of the travel company’s stock valued at $22,791,000 after acquiring an additional 30,508 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Tripadvisor Trading Down 0.6 %

Shares of Tripadvisor stock opened at $14.89 on Friday. Tripadvisor, Inc. has a 12-month low of $12.93 and a 12-month high of $28.64. The company has a current ratio of 2.10, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. The stock has a market cap of $2.09 billion, a PE ratio of 744.87, a price-to-earnings-growth ratio of 9.01 and a beta of 1.35. The company has a 50-day moving average of $15.91 and a two-hundred day moving average of $15.01.

Tripadvisor (NASDAQ:TRIP) last issued its earnings results on Thursday, February 20th. The travel company reported $0.13 earnings per share (EPS) 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 company had revenue of $411.00 million during the quarter, compared to analysts’ expectations of $400.02 million. On average, research analysts anticipate that Tripadvisor, Inc. will post 0.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. DA Davidson restated a “neutral” rating and issued a $16.00 price objective on shares of Tripadvisor in a research note on Thursday, February 20th. Wedbush reiterated a “neutral” rating and set a $17.00 target price on shares of Tripadvisor in a research note on Thursday, December 19th. Cantor Fitzgerald decreased their target price on shares of Tripadvisor from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Friday, February 21st. JPMorgan Chase & Co. increased their target price on shares of Tripadvisor from $14.00 to $15.00 and gave the stock an “underweight” rating in a research note on Friday, February 21st. Finally, UBS Group reiterated a “neutral” rating on shares of Tripadvisor in a research note on Tuesday, February 4th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, Tripadvisor currently has an average rating of “Hold” and a consensus target price of $17.57.

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.