Tripadvisor, Inc. (NASDAQ:TRIP) Position Boosted by KBC Group NV

KBC Group NV boosted its holdings in Tripadvisor, Inc. (NASDAQ:TRIP) by 65.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,499 shares of the travel company’s stock after acquiring an additional 1,777 shares during the quarter. KBC Group NV’s holdings in Tripadvisor were worth $65,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TRIP. Capital Performance Advisors LLP acquired a new position in shares of Tripadvisor during the third quarter valued at $28,000. Fifth Third Bancorp increased its stake in Tripadvisor by 104.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock valued at $30,000 after buying an additional 846 shares during the period. Future Financial Wealth Managment LLC bought a new stake in shares of Tripadvisor during the 3rd quarter worth about $43,000. Quest Partners LLC raised its position in shares of Tripadvisor by 14,244.4% during the 2nd quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock worth $46,000 after buying an additional 2,564 shares in the last quarter. Finally, Gladius Capital Management LP acquired a new stake in shares of Tripadvisor in the 2nd quarter worth approximately $79,000. Institutional investors own 98.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. BMO Capital Markets dropped their target price on Tripadvisor from $20.00 to $17.00 and set a “market perform” rating on the stock in a report on Wednesday, August 7th. StockNews.com lowered Tripadvisor from a “buy” rating to a “hold” rating in a report on Friday, November 8th. BTIG Research lowered their target price on Tripadvisor from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. JPMorgan Chase & Co. dropped their price target on shares of Tripadvisor from $17.00 to $14.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 7th. Finally, Wedbush restated a “neutral” rating and set a $17.00 price objective (up previously from $16.00) on shares of Tripadvisor 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 three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $18.33.

Tripadvisor Trading Up 3.1 %

NASDAQ TRIP opened at $13.87 on Friday. The firm’s 50 day moving average price is $14.83 and its two-hundred day moving average price is $16.06. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85. Tripadvisor, Inc. has a twelve month low of $12.93 and a twelve month high of $28.76. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 60.31, a PEG ratio of 9.39 and a beta of 1.37.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The business had revenue of $532.00 million for the quarter, compared to the consensus estimate of $527.86 million. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. Tripadvisor’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 earnings per share. Equities analysts anticipate that Tripadvisor, Inc. will post 0.36 EPS for the current year.

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.