Ameriprise Financial Inc. Boosts Stake in Tripadvisor, Inc. (NASDAQ:TRIP)

Ameriprise Financial Inc. raised its holdings in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 179.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,412,426 shares of the travel company’s stock after buying an additional 2,833,528 shares during the period. Ameriprise Financial Inc. owned about 3.17% of Tripadvisor worth $65,172,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of TRIP. MassMutual Private Wealth & Trust FSB bought a new position in Tripadvisor in the 4th quarter valued at $295,000. ExodusPoint Capital Management LP purchased a new position in Tripadvisor in the 4th quarter worth about $5,170,000. Ieq Capital LLC lifted its holdings in Tripadvisor by 391.1% during the 4th quarter. Ieq Capital LLC now owns 63,680 shares of the travel company’s stock valued at $941,000 after buying an additional 50,713 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in Tripadvisor in the 4th quarter valued at about $308,000. Finally, U S Global Investors Inc. grew its stake in Tripadvisor by 2.0% in the 4th quarter. U S Global Investors Inc. now owns 1,543,056 shares of the travel company’s stock worth $22,791,000 after acquiring an additional 30,508 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on Tripadvisor from $11.00 to $13.00 and gave the company an “underweight” rating in a report on Friday. Mizuho upgraded Tripadvisor to a “hold” rating in a report on Friday, April 18th. Cantor Fitzgerald dropped their target price on shares of Tripadvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Friday, February 21st. UBS Group boosted their price target on shares of Tripadvisor from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday. Finally, DA Davidson reissued a “neutral” rating and set a $16.00 price objective on shares of Tripadvisor in a report on Thursday, February 20th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $17.08.

Tripadvisor Stock Up 0.5 %

NASDAQ:TRIP opened at $15.02 on Friday. The company has a current ratio of 2.10, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. The company’s 50 day moving average is $13.18 and its two-hundred day moving average is $14.61. Tripadvisor, Inc. has a twelve month low of $10.43 and a twelve month high of $19.37. The company has a market cap of $2.11 billion, a PE ratio of 751.38, a P/E/G ratio of 9.01 and a beta of 1.27.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Wednesday, May 7th. The travel company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.09. The company had revenue of $398.00 million during the quarter, compared to analyst estimates of $386.94 million. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. Tripadvisor’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the firm posted $0.12 EPS. Analysts anticipate that Tripadvisor, Inc. will post 0.46 EPS for the current year.

Tripadvisor Company Profile

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