Victory Capital Management Inc. Sells 35,524 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Victory Capital Management Inc. cut its position in Tripadvisor, Inc. (NASDAQ:TRIP) by 22.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 123,366 shares of the travel company’s stock after selling 35,524 shares during the period. Victory Capital Management Inc.’s holdings in Tripadvisor were worth $1,822,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TRIP. Blue Trust Inc. raised its stake in shares of Tripadvisor by 204.4% during the 4th quarter. Blue Trust Inc. now owns 2,298 shares of the travel company’s stock worth $33,000 after acquiring an additional 1,543 shares in the last quarter. KBC Group NV grew its holdings in Tripadvisor by 65.3% in the third quarter. KBC Group NV now owns 4,499 shares of the travel company’s stock worth $65,000 after purchasing an additional 1,777 shares during the last quarter. True Wealth Design LLC acquired a new position in shares of Tripadvisor during the third quarter worth $27,000. Bogart Wealth LLC purchased a new stake in shares of Tripadvisor during the 4th quarter valued at $30,000. Finally, GAMMA Investing LLC boosted its position in shares of Tripadvisor by 204.7% in the 4th quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company’s stock worth $54,000 after purchasing an additional 2,469 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Tripadvisor Stock Performance

NASDAQ TRIP opened at $14.45 on Tuesday. Tripadvisor, Inc. has a fifty-two week low of $12.93 and a fifty-two week high of $28.76. 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 has a market capitalization of $2.03 billion, a P/E ratio of 722.86, a PEG ratio of 9.01 and a beta of 1.35. The stock has a 50-day simple moving average of $15.93 and a two-hundred day simple moving average of $15.00.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Thursday, February 20th. The travel company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.08). Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. The company had revenue of $411.00 million for the quarter, compared to analysts’ expectations of $400.02 million. On average, equities analysts forecast that Tripadvisor, Inc. will post 0.46 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on TRIP. B. Riley decreased their price target on Tripadvisor from $20.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, March 10th. UBS Group restated a “neutral” rating on shares of Tripadvisor in a report on Tuesday, February 4th. JPMorgan Chase & Co. lifted their target price on shares of Tripadvisor from $14.00 to $15.00 and gave the stock an “underweight” rating in a research note on Friday, February 21st. DA Davidson restated a “neutral” rating and set a $16.00 price target on shares of Tripadvisor in a research note on Thursday, February 20th. Finally, Wedbush reiterated a “neutral” rating and set a $17.00 price objective on shares of Tripadvisor in a research note on Thursday, December 19th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Tripadvisor presently has an average rating of “Hold” and a consensus 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.