Van ECK Associates Corp Takes Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Van ECK Associates Corp bought a new position in Tripadvisor, Inc. (NASDAQ:TRIP – Get Rating) in the fourth quarter, HoldingsChannel reports. The fund bought 9,000 shares of the travel company’s stock, valued at approximately $162,000.

Several other large investors have also bought and sold shares of the stock. Envestnet Asset Management Inc. raised its holdings in Tripadvisor by 3.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 12,368 shares of the travel company’s stock worth $335,000 after purchasing an additional 466 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Tripadvisor by 76.6% during the 3rd quarter. IFP Advisors Inc now owns 1,199 shares of the travel company’s stock valued at $76,000 after purchasing an additional 520 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of Tripadvisor by 2.4% during the 3rd quarter. Prudential Financial Inc. now owns 22,418 shares of the travel company’s stock valued at $414,000 after acquiring an additional 527 shares during the period. Asset Management One Co. Ltd. boosted its stake in Tripadvisor by 18.2% during the third quarter. Asset Management One Co. Ltd. now owns 3,457 shares of the travel company’s stock worth $76,000 after acquiring an additional 532 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its stake in Tripadvisor by 1.3% in the third quarter. Treasurer of the State of North Carolina now owns 43,768 shares of the travel company’s stock valued at $966,000 after purchasing an additional 570 shares in the last quarter. 95.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TRIP. Wells Fargo & Company raised their target price on Tripadvisor from $22.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, February 16th. Truist Financial lowered Tripadvisor from a “buy” rating to a “hold” rating and lowered their target price for the stock from $40.00 to $21.00 in a research report on Thursday, April 20th. They noted that the move was a valuation call. Sanford C. Bernstein lowered shares of Tripadvisor from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $28.00 to $26.00 in a research note on Thursday, February 16th. Bank of America upgraded shares of Tripadvisor from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $19.00 to $38.00 in a report on Wednesday, February 8th. Finally, Barclays decreased their price target on Tripadvisor from $17.00 to $15.00 in a report on Friday, May 5th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $24.00.

Tripadvisor Stock Up 2.2 %

TRIP stock opened at $16.19 on Friday. Tripadvisor, Inc. has a fifty-two week low of $14.39 and a fifty-two week high of $28.05. The stock has a fifty day moving average of $18.02 and a 200-day moving average of $19.94. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of -101.19, a PEG ratio of 0.48 and a beta of 1.40. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.89 and a current ratio of 1.89.

Tripadvisor (NASDAQ:TRIP – Get Rating) last announced its quarterly earnings results on Tuesday, February 14th. The travel company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.13. Tripadvisor had a positive return on equity of 5.30% and a negative net margin of 1.25%. The company had revenue of $354.00 million during the quarter, compared to analysts’ expectations of $343.79 million. As a group, equities research analysts predict that Tripadvisor, Inc. will post 0.67 earnings per share for the current year.

About Tripadvisor

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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.