Palogic Value Management L.P. Sells 30,000 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Palogic Value Management L.P. lowered its stake in Tripadvisor, Inc. (NASDAQ:TRIP) by 21.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 110,000 shares of the travel company’s stock after selling 30,000 shares during the quarter. Palogic Value Management L.P. owned approximately 0.08% of Tripadvisor worth $1,625,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TRIP. Pacer Advisors Inc. increased its stake in shares of Tripadvisor by 167.6% in the third quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company’s stock valued at $73,431,000 after buying an additional 3,173,817 shares during the period. SG Americas Securities LLC increased its stake in shares of Tripadvisor by 679.5% in the fourth quarter. SG Americas Securities LLC now owns 738,731 shares of the travel company’s stock valued at $10,911,000 after buying an additional 643,963 shares during the period. Lightrock Netherlands B.V. acquired a new position in shares of Tripadvisor in the fourth quarter valued at approximately $7,607,000. Boussard & Gavaudan Investment Management LLP acquired a new position in shares of Tripadvisor in the third quarter valued at approximately $5,159,000. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of Tripadvisor by 15.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,566,342 shares of the travel company’s stock valued at $37,186,000 after buying an additional 334,961 shares during the period. Institutional investors own 98.99% of the company’s stock.

Tripadvisor Price Performance

Tripadvisor stock opened at $14.98 on Friday. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 749.37, a PEG ratio of 9.01 and a beta of 1.35. Tripadvisor, Inc. has a 52-week low of $12.93 and a 52-week high of $28.76. The stock’s 50 day moving average price is $15.90 and its two-hundred day moving average price is $15.00. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 2.10.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Thursday, February 20th. The travel company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The business had revenue of $411.00 million for the quarter, compared to the consensus estimate of $400.02 million. Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. On average, equities analysts predict that Tripadvisor, Inc. will post 0.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Tripadvisor from $14.00 to $15.00 and gave the company an “underweight” rating in a research note on Friday, February 21st. StockNews.com raised Tripadvisor from a “hold” rating to a “buy” rating in a research note on Monday, February 24th. Cantor Fitzgerald lowered their price objective on Tripadvisor from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Friday, February 21st. B. Riley decreased their target price on shares of Tripadvisor from $20.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, March 10th. Finally, Wedbush reissued a “neutral” rating and set a $17.00 target price on shares of Tripadvisor in a research report on Thursday, December 19th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Tripadvisor currently has a consensus rating of “Hold” and an average target price of $17.57.

About Tripadvisor

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.