Swiss National Bank Boosts Stake in Tripadvisor, Inc. (NASDAQ:TRIP)

Swiss National Bank grew its stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP – Get Rating) by 2.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 245,400 shares of the travel company’s stock after acquiring an additional 4,800 shares during the period. Swiss National Bank’s holdings in Tripadvisor were worth $4,412,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Arizona State Retirement System grew its position in shares of Tripadvisor by 4.0% during the 4th quarter. Arizona State Retirement System now owns 28,679 shares of the travel company’s stock valued at $516,000 after acquiring an additional 1,109 shares during the period. Duality Advisers LP bought a new position in Tripadvisor in the 4th quarter worth approximately $390,000. Retirement Systems of Alabama boosted its holdings in Tripadvisor by 0.4% in the 4th quarter. Retirement Systems of Alabama now owns 388,109 shares of the travel company’s stock worth $6,978,000 after buying an additional 1,723 shares during the period. Pacer Advisors Inc. boosted its holdings in Tripadvisor by 161.6% in the 4th quarter. Pacer Advisors Inc. now owns 1,084,808 shares of the travel company’s stock worth $19,505,000 after buying an additional 670,097 shares during the period. Finally, Hedges Asset Management LLC boosted its holdings in Tripadvisor by 100.0% in the 4th quarter. Hedges Asset Management LLC now owns 20,000 shares of the travel company’s stock worth $360,000 after buying an additional 10,000 shares during the period. 95.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TRIP has been the subject of several analyst reports. StockNews.com assumed coverage on shares of Tripadvisor in a report on Thursday. They issued a “buy” rating for the company. Wells Fargo & Company increased their target price on shares of Tripadvisor from $22.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 16th. Barclays lowered their target price on shares of Tripadvisor from $17.00 to $15.00 in a research note on Friday, May 5th. Sanford C. Bernstein cut shares of Tripadvisor from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $28.00 to $26.00 in a research note on Thursday, February 16th. Finally, Bank of America upgraded shares of Tripadvisor from an “underperform” rating to a “buy” rating and increased their target price for the stock from $19.00 to $38.00 in a research note on Wednesday, February 8th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $24.00.

Tripadvisor Price Performance

Shares of NASDAQ:TRIP opened at $15.88 on Friday. The stock has a market cap of $2.24 billion, a PE ratio of -99.25, a PEG ratio of 0.49 and a beta of 1.40. The company’s fifty day moving average is $17.94 and its 200 day moving average is $19.86. Tripadvisor, Inc. has a 52 week low of $14.39 and a 52 week high of $28.05. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 1.11.

Tripadvisor Profile

(Get Rating)

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.