Dynamic Technology Lab Private Ltd Sells 72,187 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Dynamic Technology Lab Private Ltd cut its position in Tripadvisor, Inc. (NASDAQ:TRIP) by 55.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,250 shares of the travel company’s stock after selling 72,187 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Tripadvisor were worth $844,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Tidal Investments LLC acquired a new stake in shares of Tripadvisor in the first quarter valued at about $4,638,000. Boston Partners acquired a new stake in Tripadvisor in the 1st quarter valued at approximately $131,887,000. DekaBank Deutsche Girozentrale increased its position in Tripadvisor by 9,356.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 195,467 shares of the travel company’s stock worth $5,477,000 after buying an additional 193,400 shares during the period. U S Global Investors Inc. lifted its holdings in shares of Tripadvisor by 71.8% during the third quarter. U S Global Investors Inc. now owns 1,512,548 shares of the travel company’s stock worth $21,917,000 after buying an additional 632,353 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of Tripadvisor by 406.7% in the second quarter. Assenagon Asset Management S.A. now owns 736,625 shares of the travel company’s stock valued at $13,119,000 after acquiring an additional 591,251 shares during the period. Institutional investors own 98.99% of the company’s stock.

Tripadvisor Price Performance

Shares of TRIP stock opened at $14.10 on Thursday. The stock’s fifty day moving average is $14.85 and its 200-day moving average is $15.99. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85. Tripadvisor, Inc. has a 52 week low of $12.93 and a 52 week high of $28.76. The stock has a market capitalization of $1.96 billion, a PE ratio of 60.70, a PEG ratio of 9.92 and a beta of 1.37.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.06. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. The company had revenue of $532.00 million during the quarter, compared to analyst estimates of $527.86 million. During the same quarter in the previous year, the business earned $0.35 EPS. The firm’s revenue was down .2% on a year-over-year basis. Equities research analysts expect that Tripadvisor, Inc. will post 0.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TRIP has been the topic of a number of research reports. Citigroup dropped their target price on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Truist Financial reduced their target price on shares of Tripadvisor from $21.00 to $17.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. TD Cowen boosted their price target on Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. BMO Capital Markets reduced their price objective on Tripadvisor from $20.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. lowered their price objective on Tripadvisor from $17.00 to $14.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $18.33.

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.