Tripadvisor, Inc. (NASDAQ:TRIP) Shares Bought by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC increased its stake in Tripadvisor, Inc. (NASDAQ:TRIPGet Rating) by 12.6% in the second quarter, Holdings Channel reports. The firm owned 35,452 shares of the travel company’s stock after purchasing an additional 3,958 shares during the period. Essex Investment Management Co. LLC’s holdings in Tripadvisor were worth $631,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Tripadvisor by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 9,384,653 shares of the travel company’s stock valued at $254,511,000 after acquiring an additional 77,179 shares during the period. State Street Corp lifted its stake in Tripadvisor by 3.8% during the 1st quarter. State Street Corp now owns 2,644,251 shares of the travel company’s stock valued at $71,712,000 after acquiring an additional 97,233 shares during the period. U S Global Investors Inc. lifted its stake in Tripadvisor by 3.3% during the 1st quarter. U S Global Investors Inc. now owns 2,468,862 shares of the travel company’s stock valued at $66,956,000 after acquiring an additional 79,182 shares during the period. Freshford Capital Management LLC acquired a new stake in Tripadvisor during the 1st quarter valued at approximately $48,129,000. Finally, Kempen Capital Management N.V. lifted its stake in Tripadvisor by 29.5% during the 1st quarter. Kempen Capital Management N.V. now owns 1,631,487 shares of the travel company’s stock valued at $44,246,000 after acquiring an additional 371,744 shares during the period. 92.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on TRIP shares. Ascendiant Capital Markets decreased their price objective on shares of Tripadvisor to $35.00 in a research note on Thursday, September 15th. UBS Group lifted their target price on shares of Tripadvisor from $20.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, September 8th. Truist Financial cut their target price on shares of Tripadvisor from $44.00 to $41.00 and set a “buy” rating for the company in a report on Friday, October 28th. Credit Suisse Group cut their target price on shares of Tripadvisor to $28.00 in a report on Tuesday, November 15th. Finally, Jefferies Financial Group cut their target price on shares of Tripadvisor from $21.00 to $18.00 and set an “underperform” rating for the company in a report on Thursday, October 6th. Three analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Tripadvisor currently has a consensus rating of “Hold” and a consensus target price of $24.64.

Tripadvisor Price Performance

NASDAQ TRIP traded up $0.10 on Thursday, hitting $19.64. The company had a trading volume of 1,310,908 shares, compared to its average volume of 3,228,290. The company has a market capitalization of $2.76 billion, a PE ratio of -280.57 and a beta of 1.29. The company’s fifty day moving average price is $22.59 and its 200-day moving average price is $22.33. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.28 and a quick ratio of 2.28. Tripadvisor, Inc. has a 12-month low of $16.87 and a 12-month high of $30.48.

Tripadvisor Profile

(Get Rating)

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotels, Media & Platform; and Experiences & Dining. The company operates TripAdvisor-branded websites, including tripadvisor.com in the United States; and localized versions of the website in 40 markets and 20 languages.

See Also

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Institutional Ownership by Quarter for Tripadvisor (NASDAQ:TRIP)

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