Watershed Asset Management L.L.C. Has $335,000 Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Watershed Asset Management L.L.C. cut its holdings in Tripadvisor, Inc. (NASDAQ:TRIP) by 6.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,576 shares of the travel company’s stock after selling 1,089 shares during the quarter. Tripadvisor comprises approximately 0.4% of Watershed Asset Management L.L.C.’s portfolio, making the stock its 18th largest holding. Watershed Asset Management L.L.C.’s holdings in Tripadvisor were worth $335,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Yousif Capital Management LLC increased its holdings in shares of Tripadvisor by 6.2% in the fourth quarter. Yousif Capital Management LLC now owns 56,543 shares of the travel company’s stock valued at $1,217,000 after purchasing an additional 3,299 shares in the last quarter. Illinois Municipal Retirement Fund acquired a new stake in shares of Tripadvisor in the 4th quarter valued at $1,387,000. Handelsbanken Fonder AB raised its position in shares of Tripadvisor by 1,758.8% during the fourth quarter. Handelsbanken Fonder AB now owns 369,900 shares of the travel company’s stock worth $7,964,000 after acquiring an additional 350,000 shares during the last quarter. CWM LLC lifted its stake in shares of Tripadvisor by 40.4% during the fourth quarter. CWM LLC now owns 7,047 shares of the travel company’s stock valued at $152,000 after acquiring an additional 2,029 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in Tripadvisor by 50.1% in the fourth quarter. Mackenzie Financial Corp now owns 61,697 shares of the travel company’s stock valued at $1,328,000 after acquiring an additional 20,583 shares during the last quarter. 98.99% of the stock is owned by institutional investors.

Tripadvisor Stock Up 2.2 %

Tripadvisor stock traded up $0.56 during midday trading on Tuesday, reaching $26.12. The stock had a trading volume of 1,288,962 shares, compared to its average volume of 2,385,305. The stock has a market capitalization of $3.60 billion, a P/E ratio of 435.33, a price-to-earnings-growth ratio of 1.58 and a beta of 1.57. The firm’s fifty day simple moving average is $26.93 and its 200-day simple moving average is $21.77. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.27 and a current ratio of 2.27. Tripadvisor, Inc. has a 1-year low of $14.15 and a 1-year high of $28.76.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Wednesday, February 14th. The travel company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.14. The company had revenue of $390.00 million for the quarter, compared to the consensus estimate of $372.93 million. Tripadvisor had a net margin of 0.56% and a return on equity of 11.69%. As a group, analysts expect that Tripadvisor, Inc. will post 0.88 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on the company. StockNews.com raised Tripadvisor from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. BMO Capital Markets boosted their price target on shares of Tripadvisor from $20.00 to $23.00 and gave the stock a “market perform” rating in a research note on Friday, February 16th. The Goldman Sachs Group increased their price target on Tripadvisor from $23.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Citigroup lifted their price objective on Tripadvisor from $23.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Finally, Truist Financial increased their target price on Tripadvisor from $18.00 to $28.00 and gave the company a “hold” rating in a research note on Thursday, March 14th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six 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 a consensus price target of $24.12.

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.