Tripadvisor, Inc. (NASDAQ:TRIP) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its holdings in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 1,758.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 369,900 shares of the travel company’s stock after buying an additional 350,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in Tripadvisor were worth $7,964,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of TRIP. DekaBank Deutsche Girozentrale acquired a new stake in Tripadvisor during the 3rd quarter valued at approximately $34,000. International Assets Investment Management LLC lifted its stake in Tripadvisor by 2,053.0% during the 4th quarter. International Assets Investment Management LLC now owns 2,153 shares of the travel company’s stock valued at $46,000 after acquiring an additional 2,053 shares during the period. CWM LLC lifted its stake in Tripadvisor by 1,384.6% during the 3rd quarter. CWM LLC now owns 5,018 shares of the travel company’s stock valued at $83,000 after acquiring an additional 4,680 shares during the period. Meeder Asset Management Inc. acquired a new stake in Tripadvisor during the 4th quarter valued at approximately $173,000. Finally, CIBC Asset Management Inc acquired a new stake in Tripadvisor during the 3rd quarter valued at approximately $181,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Tripadvisor Price Performance

Tripadvisor stock opened at $26.15 on Thursday. The company has a fifty day simple moving average of $26.93 and a 200-day simple moving average of $21.77. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 435.83, a PEG ratio of 1.64 and a beta of 1.57. Tripadvisor, Inc. has a 52-week low of $14.15 and a 52-week high of $28.76.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Wednesday, February 14th. The travel company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.14. The firm had revenue of $390.00 million for the quarter, compared to analysts’ expectations of $372.93 million. Tripadvisor had a net margin of 0.56% and a return on equity of 11.69%. On average, equities analysts anticipate that Tripadvisor, Inc. will post 0.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TRIP has been the subject of several research reports. Ascendiant Capital Markets lifted their price objective on shares of Tripadvisor from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, December 29th. Citigroup lifted their target price on shares of Tripadvisor from $23.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Mizuho lifted their target price on shares of Tripadvisor from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, February 16th. BMO Capital Markets lifted their target price on shares of Tripadvisor from $20.00 to $23.00 and gave the company a “market perform” rating in a report on Friday, February 16th. Finally, Wedbush reaffirmed a “neutral” rating and set a $30.00 target price on shares of Tripadvisor in a report on Thursday, April 18th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $24.12.

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.