SG Americas Securities LLC Raises Stake in Tripadvisor, Inc. (NASDAQ:TRIP)

SG Americas Securities LLC boosted its holdings in Tripadvisor, Inc. (NASDAQ:TRIP) by 679.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 738,731 shares of the travel company’s stock after purchasing an additional 643,963 shares during the quarter. SG Americas Securities LLC’s holdings in Tripadvisor were worth $10,911,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. True Wealth Design LLC purchased a new stake in shares of Tripadvisor in the 3rd quarter worth approximately $27,000. Capital Performance Advisors LLP bought a new stake in Tripadvisor in the third quarter worth $28,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Tripadvisor in the third quarter worth $43,000. GAMMA Investing LLC increased its holdings 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 acquiring an additional 2,469 shares in the last quarter. Finally, KBC Group NV raised its position in shares of Tripadvisor by 65.3% in the 3rd quarter. KBC Group NV now owns 4,499 shares of the travel company’s stock worth $65,000 after purchasing an additional 1,777 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Tripadvisor Stock Performance

TRIP opened at $17.93 on Friday. The company’s 50 day moving average is $14.48 and its 200 day moving average is $15.01. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 77.96, a PEG ratio of 8.68 and a beta of 1.33. Tripadvisor, Inc. has a 12-month low of $12.93 and a 12-month high of $28.76.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.06. The business had revenue of $532.00 million for 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 company’s revenue was down .2% compared to the same quarter last year. During the same quarter last year, the company posted $0.35 EPS. On average, equities research analysts predict that Tripadvisor, Inc. will post 0.36 EPS for the current year.

Analysts Set New Price Targets

TRIP has been the topic of several recent analyst reports. B. Riley increased their price objective on shares of Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. DA Davidson reissued a “neutral” rating and set a $16.00 price target on shares of Tripadvisor in a research report on Thursday, December 19th. Cantor Fitzgerald lowered their price objective on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a research report on Thursday, November 7th. TD Cowen lifted their target price on Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Finally, StockNews.com downgraded Tripadvisor from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $17.50.

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.