KLP Kapitalforvaltning AS Makes New Investment in Tripadvisor, Inc. (NASDAQ:TRIP)

KLP Kapitalforvaltning AS purchased a new position in shares of Tripadvisor, Inc. (NASDAQ:TRIP) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 19,700 shares of the travel company’s stock, valued at approximately $291,000.

Several other hedge funds have also made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its stake in Tripadvisor by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,199,339 shares of the travel company’s stock worth $17,378,000 after buying an additional 55,115 shares during the last quarter. Cerity Partners LLC boosted its position in shares of Tripadvisor by 154.1% in the third quarter. Cerity Partners LLC now owns 36,493 shares of the travel company’s stock worth $529,000 after acquiring an additional 22,133 shares during the last quarter. Verition Fund Management LLC purchased a new stake in Tripadvisor in the third quarter valued at approximately $714,000. Point72 Asset Management L.P. acquired a new position in Tripadvisor during the third quarter worth approximately $1,796,000. Finally, State Street Corp raised its stake in Tripadvisor by 1.0% during the third 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. Institutional investors and hedge funds own 98.99% of the company’s stock.

Tripadvisor Price Performance

TRIP opened at $11.69 on Monday. Tripadvisor, Inc. has a twelve month low of $11.49 and a twelve month high of $27.63. The company has a current ratio of 2.10, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 584.79, a PEG ratio of 9.01 and a beta of 1.25. The company has a fifty day simple moving average of $15.55 and a 200 day simple moving average of $15.05.

Tripadvisor (NASDAQ:TRIP) last announced its 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 business had revenue of $411.00 million for the quarter, compared to analyst estimates of $400.02 million. Equities research analysts expect that Tripadvisor, Inc. will post 0.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TRIP. B. Riley lowered their price objective on shares of Tripadvisor from $20.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, March 10th. 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. JPMorgan Chase & Co. lifted their price objective on Tripadvisor from $14.00 to $15.00 and gave the company an “underweight” rating in a research note on Friday, February 21st. UBS Group reissued a “neutral” rating on shares of Tripadvisor in a research report on Tuesday, February 4th. Finally, StockNews.com raised shares of Tripadvisor from a “hold” rating to a “buy” rating in a research report on Monday, February 24th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Tripadvisor currently has an average rating of “Hold” and a consensus price target of $17.57.

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.