Tripadvisor, Inc. (NASDAQ:TRIP) Stock Holdings Lessened by Penserra Capital Management LLC

Penserra Capital Management LLC reduced its stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 18.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 127,699 shares of the travel company’s stock after selling 29,460 shares during the quarter. Penserra Capital Management LLC’s holdings in Tripadvisor were worth $1,850,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its stake in shares of Tripadvisor by 104.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock valued at $30,000 after buying an additional 846 shares during the period. Louisiana State Employees Retirement System boosted its position in Tripadvisor by 2.2% during the second quarter. Louisiana State Employees Retirement System now owns 54,700 shares of the travel company’s stock valued at $974,000 after purchasing an additional 1,200 shares during the last quarter. KBC Group NV grew its stake in Tripadvisor by 65.3% in the third quarter. KBC Group NV now owns 4,499 shares of the travel company’s stock valued at $65,000 after purchasing an additional 1,777 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Tripadvisor in the 3rd quarter worth about $28,000. Finally, Quest Partners LLC raised its stake in shares of Tripadvisor by 14,244.4% during the 2nd quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock worth $46,000 after purchasing an additional 2,564 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Tripadvisor Stock Performance

Shares of NASDAQ TRIP opened at $14.21 on Tuesday. Tripadvisor, Inc. has a 12 month low of $12.93 and a 12 month high of $28.76. The company has a market cap of $1.98 billion, a P/E ratio of 61.78, a P/E/G ratio of 9.69 and a beta of 1.37. The business’s 50 day moving average is $14.85 and its two-hundred day moving average is $16.02. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.93.

Tripadvisor (NASDAQ:TRIP) last released its earnings results on Wednesday, November 6th. The travel company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.44 by $0.06. The firm had revenue of $532.00 million during the quarter, compared to analysts’ expectations of $527.86 million. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.35 EPS. On average, equities analysts expect that Tripadvisor, Inc. will post 0.36 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on TRIP. DA Davidson dropped their price objective on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Truist Financial cut their price target on shares of Tripadvisor from $21.00 to $17.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. The Goldman Sachs Group decreased their price objective on shares of Tripadvisor from $27.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, August 8th. BMO Capital Markets cut their target price on Tripadvisor from $20.00 to $17.00 and set a “market perform” rating on the stock in a report on Wednesday, August 7th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $17.00 price target (up previously from $16.00) on shares of Tripadvisor in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Tripadvisor currently has a consensus rating of “Hold” and a consensus price target of $18.33.

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.