Empowered Funds LLC Takes Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Empowered Funds LLC purchased a new stake in Tripadvisor, Inc. (NASDAQ:TRIP) in the 4th quarter, Holdings Channel reports. The firm purchased 11,799 shares of the travel company’s stock, valued at approximately $174,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Blue Trust Inc. lifted its position in Tripadvisor by 204.4% in the 4th quarter. Blue Trust Inc. now owns 2,298 shares of the travel company’s stock valued at $33,000 after acquiring an additional 1,543 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Tripadvisor in the 4th quarter valued at $308,000. SG Americas Securities LLC lifted its position in Tripadvisor by 679.5% in the 4th quarter. SG Americas Securities LLC now owns 738,731 shares of the travel company’s stock valued at $10,911,000 after acquiring an additional 643,963 shares in the last quarter. Dakota Wealth Management bought a new stake in Tripadvisor in the 4th quarter valued at $1,053,000. Finally, MassMutual Private Wealth & Trust FSB bought a new stake in Tripadvisor in the 4th quarter valued at $295,000. 98.99% of the stock is owned by institutional investors.

Tripadvisor Stock Down 8.4 %

Shares of TRIP stock opened at $15.11 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 2.10. The firm’s 50-day moving average is $15.98 and its 200-day moving average is $14.99. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 755.88, a PEG ratio of 9.01 and a beta of 1.34. Tripadvisor, Inc. has a 52-week low of $12.93 and a 52-week high of $28.76.

Tripadvisor (NASDAQ:TRIP) last issued its earnings results on Thursday, February 20th. The travel company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The firm had revenue of $411.00 million during the quarter, compared to the consensus estimate of $400.02 million. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. Sell-side analysts predict that Tripadvisor, Inc. will post 0.46 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TRIP shares. TD Cowen boosted their price objective on shares of Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. B. Riley boosted their price objective on shares of Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. StockNews.com cut shares of Tripadvisor from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. JPMorgan Chase & Co. boosted their price target on shares of Tripadvisor from $14.00 to $15.00 and gave the stock an “underweight” rating in a research report on Friday. Finally, DA Davidson reissued a “neutral” rating and set a $16.00 price target on shares of Tripadvisor in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $17.71.

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.