CIBC World Markets Inc. purchased a new position in shares of Tripadvisor Inc (NASDAQ:TRIP) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 18,100 shares of the travel company’s stock, valued at approximately $624,000.
Several other institutional investors have also modified their holdings of TRIP. FNY Managed Accounts LLC purchased a new position in shares of Tripadvisor during the 3rd quarter worth $101,000. Steward Partners Investment Advisory LLC lifted its stake in shares of Tripadvisor by 164.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,880 shares of the travel company’s stock worth $168,000 after purchasing an additional 3,037 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in shares of Tripadvisor during the 4th quarter worth $180,000. D.A. Davidson & CO. lifted its stake in shares of Tripadvisor by 957.0% during the 3rd quarter. D.A. Davidson & CO. now owns 5,655 shares of the travel company’s stock worth $229,000 after purchasing an additional 5,120 shares during the period. Finally, Flinton Capital Management LLC lifted its stake in shares of Tripadvisor by 12.9% during the 2nd quarter. Flinton Capital Management LLC now owns 7,008 shares of the travel company’s stock worth $268,000 after purchasing an additional 800 shares during the period. 90.32% of the stock is currently owned by institutional investors.
Tripadvisor Inc (TRIP) opened at $41.05 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.47 and a quick ratio of 2.47. Tripadvisor Inc has a 52-week low of $29.50 and a 52-week high of $53.29. The company has a market capitalization of $5,700.00, a PE ratio of 87.34, a price-to-earnings-growth ratio of 4.29 and a beta of 2.22.
TRIP has been the topic of a number of recent analyst reports. Deutsche Bank reduced their price target on Tripadvisor from $40.00 to $37.00 and set a “hold” rating on the stock in a research note on Tuesday, October 24th. Zacks Investment Research raised Tripadvisor from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. Jefferies Group reaffirmed a “sell” rating and issued a $27.00 target price on shares of Tripadvisor in a research report on Friday, November 10th. SunTrust Banks reaffirmed a “hold” rating and issued a $44.00 target price on shares of Tripadvisor in a research report on Thursday, October 12th. Finally, Royal Bank of Canada cut their target price on Tripadvisor from $38.00 to $34.00 and set a “sector perform” rating on the stock in a research report on Monday, November 13th. Eight analysts have rated the stock with a sell rating and eighteen have issued a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $39.42.
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.
Want to see what other hedge funds are holding TRIP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tripadvisor Inc (NASDAQ:TRIP).
Receive News & Ratings for Tripadvisor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tripadvisor and related companies with MarketBeat.com's FREE daily email newsletter.