Tripadvisor, Inc. (NASDAQ:TRIP) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lowered its stake in Tripadvisor, Inc. (NASDAQ:TRIP) by 13.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,423 shares of the travel company’s stock after selling 3,045 shares during the quarter. HighTower Advisors LLC’s holdings in Tripadvisor were worth $287,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. SG Americas Securities LLC boosted its position in shares of Tripadvisor by 679.5% during the 4th quarter. SG Americas Securities LLC now owns 738,731 shares of the travel company’s stock worth $10,911,000 after purchasing an additional 643,963 shares during the period. Lightrock Netherlands B.V. acquired a new position in Tripadvisor during the 4th quarter worth about $7,607,000. Jacobs Levy Equity Management Inc. lifted its stake in Tripadvisor by 15.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,566,342 shares of the travel company’s stock worth $37,186,000 after acquiring an additional 334,961 shares in the last quarter. Gilman Hill Asset Management LLC purchased a new position in Tripadvisor during the 4th quarter valued at about $3,632,000. Finally, Raymond James Financial Inc. acquired a new position in Tripadvisor in the 4th quarter valued at about $3,009,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. UBS Group reaffirmed a “neutral” rating on shares of Tripadvisor in a research note on Tuesday, February 4th. StockNews.com upgraded Tripadvisor from a “hold” rating to a “buy” rating in a research note on Monday, February 24th. B. Riley decreased their price objective on shares of Tripadvisor from $20.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, March 10th. Wedbush restated a “neutral” rating and issued a $17.00 price objective on shares of Tripadvisor in a research note on Thursday, December 19th. Finally, JPMorgan Chase & Co. boosted their price target on Tripadvisor from $14.00 to $15.00 and gave the company an “underweight” rating in a research report on Friday, February 21st. Three equities research 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 data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $17.57.

Tripadvisor Price Performance

TRIP stock opened at $14.31 on Thursday. Tripadvisor, Inc. has a 12-month low of $12.93 and a 12-month high of $28.15. The stock has a 50-day moving average price of $15.77 and a two-hundred day moving average price of $15.07. 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 company has a market cap of $2.01 billion, a PE ratio of 715.86, a price-to-earnings-growth ratio of 9.01 and a beta of 1.35.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings data 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 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 analyst estimates of $400.02 million. As a group, research analysts predict that Tripadvisor, Inc. will post 0.46 EPS for the current year.

Tripadvisor Company 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.