Cresset Asset Management LLC Cuts Stake in Tripadvisor, Inc. (NASDAQ:TRIP)

Cresset Asset Management LLC trimmed its stake in Tripadvisor, Inc. (NASDAQ:TRIP) by 46.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,616 shares of the travel company’s stock after selling 13,430 shares during the quarter. Cresset Asset Management LLC’s holdings in Tripadvisor were worth $231,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Ameriprise Financial Inc. grew its stake in shares of Tripadvisor by 179.5% during the 4th quarter. Ameriprise Financial Inc. now owns 4,412,426 shares of the travel company’s stock valued at $65,172,000 after buying an additional 2,833,528 shares during the period. AQR Capital Management LLC boosted its holdings in Tripadvisor by 40.1% in the fourth quarter. AQR Capital Management LLC now owns 3,364,542 shares of the travel company’s stock valued at $49,694,000 after acquiring an additional 962,262 shares during the last quarter. Toronado Partners LLC acquired a new position in Tripadvisor in the fourth quarter valued at $10,533,000. SG Americas Securities LLC grew its position in Tripadvisor by 679.5% during the fourth quarter. SG Americas Securities LLC now owns 738,731 shares of the travel company’s stock valued at $10,911,000 after acquiring an additional 643,963 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Tripadvisor by 20.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,633,866 shares of the travel company’s stock worth $53,674,000 after acquiring an additional 615,519 shares during the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Tripadvisor Price Performance

TRIP opened at $15.30 on Friday. Tripadvisor, Inc. has a twelve month low of $10.43 and a twelve month high of $18.80. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 765.38, a PEG ratio of 9.01 and a beta of 1.27. The company has a current ratio of 2.10, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. The company has a fifty day simple moving average of $13.35 and a 200 day simple moving average of $14.60.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Wednesday, May 7th. The travel company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.09. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. The company had revenue of $398.00 million during the quarter, compared to analysts’ expectations of $386.94 million. During the same period in the prior year, the company posted $0.12 EPS. The firm’s revenue for the quarter was up .8% on a year-over-year basis. Equities research analysts expect that Tripadvisor, Inc. will post 0.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TRIP shares. B. Riley cut their price objective on Tripadvisor from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, March 10th. Mizuho upgraded shares of Tripadvisor to a “hold” rating in a report on Friday, April 18th. Cantor Fitzgerald decreased their price objective on shares of Tripadvisor from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Friday, February 21st. StockNews.com raised shares of Tripadvisor from a “hold” rating to a “buy” rating in a research report on Monday, February 24th. Finally, DA Davidson restated a “neutral” rating and set a $16.00 target price on shares of Tripadvisor in a report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $17.25.

Tripadvisor 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.