Wells Fargo & Company MN Has $9.32 Million Holdings in Tripadvisor Inc (TRIP)

Wells Fargo & Company MN raised its holdings in Tripadvisor Inc (NASDAQ:TRIP) by 10.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 230,029 shares of the travel company’s stock after acquiring an additional 20,841 shares during the quarter. Wells Fargo & Company MN owned about 0.17% of Tripadvisor worth $9,323,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Matrix Capital Management Company LP raised its position in shares of Tripadvisor by 152.3% in the second quarter. Matrix Capital Management Company LP now owns 3,532,600 shares of the travel company’s stock valued at $134,945,000 after purchasing an additional 2,132,600 shares during the period. BlackRock Inc. raised its position in shares of Tripadvisor by 23.9% in the second quarter. BlackRock Inc. now owns 8,883,209 shares of the travel company’s stock valued at $339,338,000 after purchasing an additional 1,713,523 shares during the period. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Tripadvisor by 12,501.8% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,377,381 shares of the travel company’s stock valued at $55,825,000 after purchasing an additional 1,366,451 shares during the period. Pictet Asset Management Ltd. raised its position in shares of Tripadvisor by 95.5% in the third quarter. Pictet Asset Management Ltd. now owns 1,136,158 shares of the travel company’s stock valued at $46,049,000 after purchasing an additional 555,106 shares during the period. Finally, FIL Ltd raised its position in shares of Tripadvisor by 45.4% in the second quarter. FIL Ltd now owns 1,678,180 shares of the travel company’s stock valued at $64,106,000 after purchasing an additional 523,769 shares during the period. Hedge funds and other institutional investors own 88.71% of the company’s stock.

Shares of Tripadvisor Inc (NASDAQ TRIP) opened at $34.53 on Thursday. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $4,801.01, a PE ratio of 73.47, a price-to-earnings-growth ratio of 2.78 and a beta of 2.32. Tripadvisor Inc has a twelve month low of $29.50 and a twelve month high of $53.58.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Monday, November 6th. The travel company reported $0.36 EPS for the quarter, meeting analysts’ consensus estimates of $0.36. The company had revenue of $439.00 million during the quarter, compared to analysts’ expectations of $451.27 million. Tripadvisor had a return on equity of 7.24% and a net margin of 5.69%. Tripadvisor’s revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 EPS. equities analysts anticipate that Tripadvisor Inc will post 0.69 earnings per share for the current fiscal year.

A number of equities analysts have recently commented on TRIP shares. SunTrust Banks reissued a “hold” rating and issued a $44.00 price target on shares of Tripadvisor in a research report on Thursday, October 12th. Zacks Investment Research lowered shares of Tripadvisor from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Hilliard Lyons lowered shares of Tripadvisor from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 8th. Cowen reaffirmed a “hold” rating and set a $42.00 target price on shares of Tripadvisor in a research report on Tuesday, September 12th. Finally, Citigroup reaffirmed a “neutral” rating and set a $41.00 target price (up previously from $39.00) on shares of Tripadvisor in a research report on Tuesday, October 3rd. Seven investment analysts have rated the stock with a sell rating and twenty have issued a hold rating to the company’s stock. Tripadvisor presently has a consensus rating of “Hold” and an average price target of $39.44.

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Tripadvisor Profile

TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.

Institutional Ownership by Quarter for Tripadvisor (NASDAQ:TRIP)

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