Tripadvisor, Inc. (NASDAQ:TRIP) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC lowered its stake in Tripadvisor, Inc. (NASDAQ:TRIP) by 46.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 15,616 shares of the travel company’s stock after selling 13,430 shares during the period. Cresset Asset Management LLC’s holdings in Tripadvisor were worth $231,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Ameriprise Financial Inc. lifted its stake in Tripadvisor by 179.5% during the fourth quarter. Ameriprise Financial Inc. now owns 4,412,426 shares of the travel company’s stock worth $65,172,000 after purchasing an additional 2,833,528 shares during the last quarter. River Road Asset Management LLC raised its holdings in shares of Tripadvisor by 1.3% during the fourth 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. Dimensional Fund Advisors LP lifted its position in shares of Tripadvisor by 20.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,633,866 shares of the travel company’s stock worth $53,674,000 after buying an additional 615,519 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Tripadvisor by 40.1% in the 4th quarter. AQR Capital Management LLC now owns 3,364,542 shares of the travel company’s stock worth $49,694,000 after buying an additional 962,262 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. boosted its holdings in shares of Tripadvisor by 8.7% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,587,902 shares of the travel company’s stock valued at $38,223,000 after buying an additional 208,173 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. DA Davidson reiterated a “neutral” rating and set a $16.00 price objective on shares of Tripadvisor in a research note on Thursday, February 20th. Mizuho raised Tripadvisor to a “hold” rating in a report on Friday, April 18th. B. Riley dropped their price target on Tripadvisor from $20.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, March 10th. UBS Group boosted their price objective on Tripadvisor from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. Finally, StockNews.com raised Tripadvisor from a “hold” rating to a “buy” rating in a research report on Monday, February 24th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $17.25.

Tripadvisor Stock Performance

Shares of TRIP stock opened at $15.30 on Friday. Tripadvisor, Inc. has a 12-month low of $10.43 and a 12-month high of $18.80. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.10 and a quick ratio of 1.85. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 765.38, a price-to-earnings-growth ratio of 9.01 and a beta of 1.27. The business has a 50 day simple moving average of $13.35 and a 200 day simple moving average of $14.60.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Wednesday, May 7th. The travel company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.09. Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. The company had revenue of $398.00 million during the quarter, compared to analysts’ expectations of $386.94 million. During the same quarter in the prior 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. On average, equities research analysts anticipate that Tripadvisor, Inc. will post 0.46 EPS for the current year.

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.