Headlands Technologies LLC Sells 31,481 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Headlands Technologies LLC cut its holdings in shares of Tripadvisor, Inc. (NASDAQ:TRIPFree Report) by 82.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,538 shares of the travel company’s stock after selling 31,481 shares during the quarter. Headlands Technologies LLC’s holdings in Tripadvisor were worth $108,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TRIP. Envestnet Asset Management Inc. raised its position 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 buying an additional 466 shares during the last quarter. Raymond James & Associates raised its position in Tripadvisor by 56.5% during the 1st quarter. Raymond James & Associates now owns 16,107 shares of the travel company’s stock worth $437,000 after buying an additional 5,813 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Tripadvisor by 435.3% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 60,450 shares of the travel company’s stock valued at $1,639,000 after purchasing an additional 49,157 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Tripadvisor during the 1st quarter valued at approximately $899,000. Finally, MetLife Investment Management LLC increased its holdings in shares of Tripadvisor by 39.1% during the 1st quarter. MetLife Investment Management LLC now owns 66,790 shares of the travel company’s stock valued at $1,811,000 after purchasing an additional 18,789 shares in the last quarter. 74.17% of the stock is owned by hedge funds and other institutional investors.

Tripadvisor Stock Performance

Shares of TRIP opened at $21.71 on Monday. Tripadvisor, Inc. has a 52-week low of $14.15 and a 52-week high of $27.30. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.08. The firm’s fifty day moving average is $20.54 and its two-hundred day moving average is $17.80.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Mizuho lifted their target price on shares of Tripadvisor from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, January 17th. Sanford C. Bernstein raised shares of Tripadvisor from a “market perform” rating to an “outperform” rating in a report on Monday, November 13th. Ascendiant Capital Markets lifted their target price on shares of Tripadvisor from $27.00 to $30.00 and gave the company a “buy” rating in a report on Friday, December 29th. BTIG Research raised shares of Tripadvisor from a “neutral” rating to a “buy” rating and set a $25.00 target price for the company in a report on Thursday, December 14th. Finally, StockNews.com raised shares of Tripadvisor from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $20.67.

View Our Latest Report on Tripadvisor

Tripadvisor Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding TRIP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tripadvisor, Inc. (NASDAQ:TRIPFree Report).

Institutional Ownership by Quarter for Tripadvisor (NASDAQ:TRIP)

Receive News & Ratings for Tripadvisor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tripadvisor and related companies with MarketBeat.com's FREE daily email newsletter.