Comerica Bank Sells 989 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Comerica Bank decreased its position in Tripadvisor, Inc. (NASDAQ:TRIP) by 1.9% during the fourth quarter, Holdings Channel reports. The fund owned 50,160 shares of the travel company’s stock after selling 989 shares during the period. Comerica Bank’s holdings in Tripadvisor were worth $741,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC increased its position in shares of Tripadvisor by 40.1% during the 4th quarter. AQR Capital Management LLC now owns 3,364,542 shares of the travel company’s stock valued at $49,694,000 after purchasing an additional 962,262 shares during the last quarter. Northern Trust Corp increased its holdings in Tripadvisor by 6.3% during the fourth quarter. Northern Trust Corp now owns 656,986 shares of the travel company’s stock valued at $9,704,000 after buying an additional 38,858 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in Tripadvisor in the fourth quarter worth approximately $1,251,000. Oxford Asset Management LLP purchased a new position in shares of Tripadvisor during the 4th quarter worth $174,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Tripadvisor during the 4th quarter valued at $2,411,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TRIP shares. UBS Group raised their target price on Tripadvisor from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, May 8th. Cantor Fitzgerald decreased their price objective on Tripadvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a research note on Friday, February 21st. DA Davidson reaffirmed a “neutral” rating and set a $16.00 price objective on shares of Tripadvisor in a research report on Thursday, February 20th. Mizuho raised shares of Tripadvisor to a “hold” rating in a report on Friday, April 18th. Finally, JPMorgan Chase & Co. raised their target price on shares of Tripadvisor from $11.00 to $13.00 and gave the stock an “underweight” rating in a research note on Friday, May 9th. Two investment 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $17.25.

Tripadvisor Stock Up 2.4%

NASDAQ TRIP opened at $15.67 on Wednesday. Tripadvisor, Inc. has a 12 month low of $10.43 and a 12 month high of $19.37. 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 stock has a market cap of $2.20 billion, a PE ratio of 783.89, a P/E/G ratio of 9.01 and a beta of 1.27. The stock’s 50 day moving average is $13.24 and its 200 day moving average is $14.61.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings data on Wednesday, May 7th. The travel company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.09. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. The firm had revenue of $398.00 million for the quarter, compared to analysts’ expectations of $386.94 million. During the same quarter last year, the business posted $0.12 earnings per share. The company’s revenue for the quarter was up .8% compared to the same quarter last year. Research analysts predict that Tripadvisor, Inc. will post 0.46 EPS for the current fiscal year.

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.