Acorn Financial Advisory Services Inc. ADV Reduces Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Acorn Financial Advisory Services Inc. ADV decreased its holdings in Tripadvisor, Inc. (NASDAQ:TRIP) by 2.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 74,941 shares of the travel company’s stock after selling 1,628 shares during the period. Acorn Financial Advisory Services Inc. ADV owned approximately 0.05% of Tripadvisor worth $1,086,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of TRIP. Texas Permanent School Fund Corp grew its stake in shares of Tripadvisor by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 94,621 shares of the travel company’s stock valued at $2,630,000 after buying an additional 1,264 shares during the period. ClariVest Asset Management LLC increased its stake in Tripadvisor by 27,803.1% during the first quarter. ClariVest Asset Management LLC now owns 36,274 shares of the travel company’s stock worth $1,008,000 after acquiring an additional 36,144 shares during the last quarter. Swiss National Bank raised its position in Tripadvisor by 0.6% in the first quarter. Swiss National Bank now owns 210,900 shares of the travel company’s stock valued at $5,861,000 after purchasing an additional 1,200 shares during the period. Sei Investments Co. lifted its stake in shares of Tripadvisor by 4.6% in the 1st quarter. Sei Investments Co. now owns 207,614 shares of the travel company’s stock valued at $5,770,000 after purchasing an additional 9,169 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its stake in shares of Tripadvisor by 32.7% in the 1st quarter. Meeder Asset Management Inc. now owns 10,661 shares of the travel company’s stock valued at $296,000 after purchasing an additional 2,626 shares during the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Citigroup decreased their target price on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. UBS Group cut their target price on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday. StockNews.com lowered Tripadvisor from a “buy” rating to a “hold” rating in a research report on Friday. Truist Financial cut their price objective on Tripadvisor from $21.00 to $17.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Finally, Wedbush reissued a “neutral” rating and issued a $17.00 price objective (up previously from $16.00) on shares of Tripadvisor in a research note on Thursday. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Tripadvisor currently has a consensus rating of “Hold” and a consensus price target of $18.33.

Tripadvisor Stock Performance

TRIP traded up $0.03 on Friday, hitting $15.49. 2,830,607 shares of the company traded hands, compared to its average volume of 2,350,247. The company has a 50 day moving average of $14.77 and a 200-day moving average of $16.99. Tripadvisor, Inc. has a 12-month low of $12.93 and a 12-month high of $28.76. The stock has a market capitalization of $2.15 billion, a PE ratio of 67.35, a PEG ratio of 11.45 and a beta of 1.37. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.04.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Tuesday, August 6th. The travel company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $497.00 million for the quarter, compared to analyst estimates of $504.76 million. Tripadvisor had a net margin of 1.98% and a return on equity of 10.65%. Tripadvisor’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the firm posted $0.21 EPS. Sell-side analysts anticipate that Tripadvisor, Inc. will post 0.38 earnings per share for the current year.

Tripadvisor 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.