Allspring Global Investments Holdings LLC raised its stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP – Get Rating) by 1,114.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 40,136 shares of the travel company’s stock after purchasing an additional 36,832 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Tripadvisor were worth $886,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Wipfli Financial Advisors LLC bought a new stake in Tripadvisor during the third quarter valued at approximately $32,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Tripadvisor in the 2nd quarter worth approximately $37,000. Venture Visionary Partners LLC bought a new stake in shares of Tripadvisor in the 2nd quarter worth approximately $39,000. Neo Ivy Capital Management bought a new stake in shares of Tripadvisor in the 2nd quarter worth approximately $50,000. Finally, Endurance Wealth Management Inc. lifted its holdings in shares of Tripadvisor by 3,000.0% in the 2nd quarter. Endurance Wealth Management Inc. now owns 3,100 shares of the travel company’s stock worth $55,000 after acquiring an additional 3,000 shares during the last quarter. 95.69% of the stock is currently owned by institutional investors.
Tripadvisor Stock Performance
Shares of TRIP opened at $22.67 on Monday. The company has a 50-day simple moving average of $19.43 and a two-hundred day simple moving average of $21.56. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.28 and a quick ratio of 2.28. The firm has a market capitalization of $3.19 billion, a PE ratio of -323.86, a price-to-earnings-growth ratio of 0.99 and a beta of 1.26. Tripadvisor, Inc. has a one year low of $16.87 and a one year high of $30.48.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on TRIP. Wells Fargo & Company lowered their price objective on shares of Tripadvisor from $30.00 to $22.00 and set an “equal weight” rating for the company in a report on Wednesday, November 9th. Mizuho lowered their price objective on shares of Tripadvisor from $26.00 to $22.00 and set a “neutral” rating for the company in a report on Wednesday, November 9th. Citigroup decreased their target price on shares of Tripadvisor from $27.00 to $22.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 9th. StockNews.com raised shares of Tripadvisor from a “hold” rating to a “buy” rating in a research note on Saturday, November 19th. Finally, Wolfe Research downgraded shares of Tripadvisor from a “market perform” rating to an “underperform” rating and set a $17.00 target price on the stock. in a research note on Wednesday, December 7th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $24.46.
TripAdvisor, Inc is an online travel company, which owns and operates a portfolio of online travel brands. It operates through the following segments: Hotels, Media & Platform, and Experiences & Dining. The Hotels, Media and Platform segment provides contextually-relevant booking links to travel partners on websites.
- Get a free copy of the StockNews.com research report on Tripadvisor (TRIP)
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