Wittenberg Investment Management Inc. Takes Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Wittenberg Investment Management Inc. bought a new position in shares of Tripadvisor, Inc. (NASDAQ:TRIP) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 75,000 shares of the travel company’s stock, valued at approximately $1,087,000. Wittenberg Investment Management Inc. owned 0.05% of Tripadvisor at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. CANADA LIFE ASSURANCE Co boosted its position in Tripadvisor by 6.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 122,110 shares of the travel company’s stock valued at $3,395,000 after buying an additional 7,637 shares in the last quarter. Bayesian Capital Management LP acquired a new position in shares of Tripadvisor in the 1st quarter worth approximately $253,000. Tidal Investments LLC bought a new stake in Tripadvisor during the 1st quarter worth approximately $4,638,000. Boston Partners acquired a new stake in Tripadvisor during the 1st quarter valued at $131,887,000. Finally, DekaBank Deutsche Girozentrale raised its position in Tripadvisor by 9,356.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 195,467 shares of the travel company’s stock valued at $5,477,000 after purchasing an additional 193,400 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Tripadvisor Price Performance

Shares of TRIP stock opened at $13.87 on Monday. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 60.31, a price-to-earnings-growth ratio of 9.69 and a beta of 1.37. Tripadvisor, Inc. has a 12-month low of $12.93 and a 12-month high of $28.76. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.93. The firm has a fifty day moving average of $14.83 and a 200-day moving average of $16.05.

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

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Citigroup lowered their target price on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, September 24th. The Goldman Sachs Group dropped their target price on shares of Tripadvisor from $27.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. TD Cowen increased their price target on shares of Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. B. Riley raised their price target on shares of Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Cantor Fitzgerald reduced their price objective on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a report on Thursday, November 7th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Tripadvisor currently has a consensus rating of “Hold” and an average target price of $18.33.

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.