Prelude Capital Management LLC Takes $362,000 Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Prelude Capital Management LLC bought a new position in Tripadvisor, Inc. (NASDAQ:TRIP – Get Rating) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,406 shares of the travel company’s stock, valued at approximately $362,000.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Tripadvisor by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 9,384,653 shares of the travel company’s stock worth $254,511,000 after purchasing an additional 77,179 shares during the period. Marshall Wace LLP boosted its position in shares of Tripadvisor by 64.6% during the third quarter. Marshall Wace LLP now owns 2,873,585 shares of the travel company’s stock worth $63,449,000 after buying an additional 1,127,336 shares during the period. State Street Corp grew its holdings in Tripadvisor by 3.8% in the 1st quarter. State Street Corp now owns 2,644,251 shares of the travel company’s stock worth $71,712,000 after buying an additional 97,233 shares in the last quarter. Freshford Capital Management LLC raised its stake in Tripadvisor by 9.0% during the 3rd quarter. Freshford Capital Management LLC now owns 1,687,556 shares of the travel company’s stock valued at $37,261,000 after acquiring an additional 139,105 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Tripadvisor by 17.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,673,952 shares of the travel company’s stock worth $36,962,000 after acquiring an additional 247,356 shares during the period. 95.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Mizuho increased their target price on shares of Tripadvisor from $22.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, February 16th. Bank of America raised shares of Tripadvisor from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $19.00 to $38.00 in a research note on Wednesday, February 8th. DA Davidson decreased their price target on shares of Tripadvisor from $33.00 to $30.00 in a research report on Friday, November 25th. Wells Fargo & Company increased their price objective on Tripadvisor from $22.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, February 16th. Finally, Barclays lifted their target price on Tripadvisor from $18.00 to $22.00 in a report on Thursday, February 16th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $26.13.

Tripadvisor Stock Down 4.2 %

TRIP stock opened at $18.78 on Tuesday. The company has a 50 day moving average of $22.07 and a two-hundred day moving average of $21.84. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.04. Tripadvisor, Inc. has a 12-month low of $16.87 and a 12-month high of $28.28. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 156.50 and a beta of 1.41.

Insider Buying and Selling

In other Tripadvisor news, insider Seth J. Kalvert sold 25,944 shares of the company’s stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $26.91, for a total value of $698,153.04. Following the transaction, the insider now directly owns 40,316 shares of the company’s stock, valued at approximately $1,084,903.56. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 4.00% of the stock is owned by corporate insiders.

Tripadvisor Profile

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TripAdvisor, Inc is an online travel company, which owns and operates a portfolio of online travel brands. It operates through the following segments: Hotels, Media & Platform, and Experiences & Dining. The Hotels, Media and Platform segment provides contextually-relevant booking links to travel partners on websites.