5,902 Shares in Tripadvisor, Inc. (NASDAQ:TRIP) Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC acquired a new position in shares of Tripadvisor, Inc. (NASDAQ:TRIP) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,902 shares of the travel company’s stock, valued at approximately $87,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Pacer Advisors Inc. boosted its position in shares of Tripadvisor by 167.6% during the 3rd quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company’s stock worth $73,431,000 after purchasing an additional 3,173,817 shares during the period. River Road Asset Management LLC boosted its position in shares of Tripadvisor by 1.3% during the 4th quarter. River Road Asset Management LLC now owns 3,715,961 shares of the travel company’s stock worth $54,885,000 after purchasing an additional 45,898 shares during the period. State Street Corp boosted its position in shares of Tripadvisor by 1.0% during the 3rd quarter. State Street Corp now owns 3,457,661 shares of the travel company’s stock worth $50,102,000 after purchasing an additional 33,809 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in Tripadvisor by 15.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,566,342 shares of the travel company’s stock valued at $37,186,000 after buying an additional 334,961 shares during the period. Finally, Geode Capital Management LLC boosted its position in Tripadvisor by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,822,913 shares of the travel company’s stock valued at $26,421,000 after buying an additional 18,059 shares during the period. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Tripadvisor Price Performance

Tripadvisor stock opened at $14.45 on Tuesday. The stock has a market cap of $2.03 billion, a P/E ratio of 722.86, a price-to-earnings-growth ratio of 9.01 and a beta of 1.35. The company has a fifty day simple moving average of $15.93 and a 200-day simple moving average of $15.00. Tripadvisor, Inc. has a 12-month low of $12.93 and a 12-month high of $28.76. The company has a current ratio of 2.10, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Thursday, February 20th. The travel company reported $0.13 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 company had revenue of $411.00 million for the quarter, compared to analyst estimates of $400.02 million. Equities analysts expect that Tripadvisor, Inc. will post 0.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TRIP. UBS Group reissued a “neutral” rating on shares of Tripadvisor in a research report on Tuesday, February 4th. StockNews.com raised shares of Tripadvisor from a “hold” rating to a “buy” rating in a research report on Monday, February 24th. Wedbush reissued a “neutral” rating and issued a $17.00 price target on shares of Tripadvisor in a research report on Thursday, December 19th. Cantor Fitzgerald decreased their price target on shares of Tripadvisor from $14.00 to $13.00 and set an “underweight” rating for the company in a research report on Friday, February 21st. Finally, DA Davidson reissued a “neutral” rating and issued a $16.00 price target on shares of Tripadvisor in a research report on Thursday, February 20th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Tripadvisor presently has a consensus rating of “Hold” and an average target price of $17.57.

About Tripadvisor

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.