River Road Asset Management LLC Acquires 45,898 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

River Road Asset Management LLC raised its holdings in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,715,961 shares of the travel company’s stock after purchasing an additional 45,898 shares during the quarter. River Road Asset Management LLC’s holdings in Tripadvisor were worth $54,885,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. True Wealth Design LLC bought a new stake in shares of Tripadvisor during the third quarter worth $27,000. Capital Performance Advisors LLP purchased a new position in shares of Tripadvisor during the third quarter valued at $28,000. Bogart Wealth LLC purchased a new position in shares of Tripadvisor during the fourth quarter valued at $30,000. Blue Trust Inc. increased its stake in shares of Tripadvisor by 204.4% during the fourth quarter. Blue Trust Inc. now owns 2,298 shares of the travel company’s stock valued at $33,000 after buying an additional 1,543 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Tripadvisor by 204.7% during the fourth quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company’s stock valued at $54,000 after buying an additional 2,469 shares during the period. 98.99% of the stock is currently owned by institutional investors.

Tripadvisor Price Performance

Shares of NASDAQ TRIP opened at $13.31 on Tuesday. 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 company has a market cap of $1.87 billion, a PE ratio of 665.83, a P/E/G ratio of 9.01 and a beta of 1.35. The business has a 50-day simple moving average of $16.04 and a two-hundred day simple moving average of $15.02. Tripadvisor, Inc. has a fifty-two week low of $12.93 and a fifty-two week high of $28.76.

Tripadvisor (NASDAQ:TRIP) last issued 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). The business had revenue of $411.00 million during the quarter, compared to analyst estimates of $400.02 million. Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. As a group, equities analysts expect that Tripadvisor, Inc. will post 0.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TRIP shares. UBS Group restated a “neutral” rating on shares of Tripadvisor in a research note on Tuesday, February 4th. Cantor Fitzgerald cut their price target on Tripadvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a research note on Friday, February 21st. JPMorgan Chase & Co. raised their price target on Tripadvisor from $14.00 to $15.00 and gave the company an “underweight” rating in a research note on Friday, February 21st. B. Riley cut their price target on Tripadvisor from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, 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. Three 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 company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $17.57.

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.