Quent Capital LLC Increases Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Quent Capital LLC grew its stake in Tripadvisor, Inc. (NASDAQ:TRIP) by 15,625.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,032 shares of the travel company’s stock after acquiring an additional 5,000 shares during the quarter. Quent Capital LLC’s holdings in Tripadvisor were worth $83,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. boosted its stake in shares of Tripadvisor by 3.9% in the first quarter. Envestnet Asset Management Inc. now owns 12,368 shares of the travel company’s stock worth $335,000 after buying an additional 466 shares during the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of Tripadvisor by 1.3% in the fourth quarter. Treasurer of the State of North Carolina now owns 44,328 shares of the travel company’s stock worth $797,000 after buying an additional 560 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Tripadvisor by 1.0% in the third quarter. Public Employees Retirement System of Ohio now owns 57,250 shares of the travel company’s stock worth $1,264,000 after buying an additional 570 shares during the last quarter. Yousif Capital Management LLC boosted its stake in shares of Tripadvisor by 1.2% in the first quarter. Yousif Capital Management LLC now owns 52,496 shares of the travel company’s stock worth $1,424,000 after buying an additional 605 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of Tripadvisor by 3.6% in the first quarter. HighTower Advisors LLC now owns 25,116 shares of the travel company’s stock worth $496,000 after buying an additional 862 shares during the last quarter. 74.17% of the stock is currently owned by hedge funds and other institutional investors.

Tripadvisor Price Performance

Shares of Tripadvisor stock opened at $15.98 on Friday. Tripadvisor, Inc. has a 12 month low of $14.39 and a 12 month high of $27.30. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.73 and a quick ratio of 1.73. The stock has a market capitalization of $2.21 billion, a P/E ratio of -79.90 and a beta of 1.42. The business has a 50 day simple moving average of $16.33 and a two-hundred day simple moving average of $17.13.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Wednesday, August 2nd. The travel company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. Tripadvisor had a positive return on equity of 4.87% and a negative net margin of 1.61%. The firm had revenue of $494.00 million during the quarter, compared to analysts’ expectations of $474.01 million. As a group, analysts predict that Tripadvisor, Inc. will post 0.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. B. Riley assumed coverage on Tripadvisor in a research report on Thursday, June 22nd. They set a “buy” rating and a $25.00 price target on the stock. Credit Suisse Group lowered their price target on Tripadvisor from $26.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, August 4th. Mizuho lowered their price target on Tripadvisor from $20.00 to $18.00 and set a “neutral” rating on the stock in a research report on Friday, August 4th. TheStreet downgraded Tripadvisor from a “c-” rating to a “d+” rating in a research report on Tuesday, May 23rd. Finally, Jefferies Financial Group increased their price target on Tripadvisor from $14.00 to $15.00 and gave the stock an “underperform” rating in a research report on Tuesday, July 25th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $20.67.

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: Tripadvisor Core, Viator, and TheFork. The Tripadvisor Core 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.