Dakota Wealth Management Invests $1.05 Million in Tripadvisor, Inc. (NASDAQ:TRIP)

Dakota Wealth Management purchased a new position in shares of Tripadvisor, Inc. (NASDAQ:TRIP) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 71,325 shares of the travel company’s stock, valued at approximately $1,053,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB acquired a new stake in Tripadvisor in the 4th quarter valued at about $295,000. U S Global Investors Inc. increased its holdings in shares of Tripadvisor by 71.8% in the third quarter. U S Global Investors Inc. now owns 1,512,548 shares of the travel company’s stock valued at $21,917,000 after purchasing an additional 632,353 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Tripadvisor by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,199,339 shares of the travel company’s stock worth $17,378,000 after buying an additional 55,115 shares in the last quarter. Boussard & Gavaudan Investment Management LLP acquired a new position in Tripadvisor during the third quarter worth $5,159,000. Finally, Confluence Investment Management LLC grew its holdings in Tripadvisor by 43.6% in the 4th quarter. Confluence Investment Management LLC now owns 233,858 shares of the travel company’s stock valued at $3,454,000 after buying an additional 70,960 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Cantor Fitzgerald lowered their price target on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a research report on Thursday, November 7th. Wedbush reissued a “neutral” rating and issued a $17.00 price target on shares of Tripadvisor in a research note on Thursday, December 19th. TD Cowen lifted their price target on shares of Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. DA Davidson reiterated a “neutral” rating and issued a $16.00 price objective on shares of Tripadvisor in a research report on Thursday, December 19th. Finally, B. Riley lifted their target price on Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Tripadvisor currently has a consensus rating of “Hold” and an average price target of $17.50.

Tripadvisor Stock Down 1.5 %

Shares of NASDAQ:TRIP opened at $17.66 on Friday. The firm has a 50 day simple moving average of $14.56 and a 200-day simple moving average of $15.01. Tripadvisor, Inc. has a twelve month low of $12.93 and a twelve month high of $28.76. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $2.46 billion, a PE ratio of 76.79, a P/E/G ratio of 8.59 and a beta of 1.33.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings data on Wednesday, November 6th. The travel company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.06. The company had revenue of $532.00 million during the quarter, compared to the consensus estimate of $527.86 million. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. Tripadvisor’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 earnings per share. On average, equities analysts predict that Tripadvisor, Inc. will post 0.36 EPS for the current fiscal year.

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: 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.