Mirae Asset Global Investments Co. Ltd. Purchases 4,412 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Mirae Asset Global Investments Co. Ltd. grew its position in Tripadvisor, Inc. (NASDAQ:TRIP) by 3.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 143,152 shares of the travel company’s stock after buying an additional 4,412 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Tripadvisor were worth $3,082,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of TRIP. DekaBank Deutsche Girozentrale bought a new stake in shares of Tripadvisor in the 3rd quarter worth approximately $34,000. Dark Forest Capital Management LP lifted its position in shares of Tripadvisor by 1,227.3% in the 1st quarter. Dark Forest Capital Management LP now owns 1,699 shares of the travel company’s stock worth $34,000 after acquiring an additional 1,571 shares during the period. International Assets Investment Management LLC lifted its position in shares of Tripadvisor by 2,053.0% in the 4th quarter. International Assets Investment Management LLC now owns 2,153 shares of the travel company’s stock worth $46,000 after acquiring an additional 2,053 shares during the period. CWM LLC lifted its position in shares of Tripadvisor by 1,384.6% in the 3rd quarter. CWM LLC now owns 5,018 shares of the travel company’s stock worth $83,000 after acquiring an additional 4,680 shares during the period. Finally, State of Wyoming lifted its position in shares of Tripadvisor by 142.0% in the 2nd quarter. State of Wyoming now owns 7,783 shares of the travel company’s stock worth $128,000 after acquiring an additional 4,567 shares during the period. Institutional investors own 98.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TRIP. StockNews.com upgraded Tripadvisor from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. The Goldman Sachs Group raised their target price on Tripadvisor from $23.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Truist Financial raised their target price on Tripadvisor from $18.00 to $28.00 and gave the stock a “hold” rating in a research report on Thursday, March 14th. Citigroup raised their target price on Tripadvisor from $23.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, TheStreet upgraded Tripadvisor from a “d+” rating to a “c” rating in a research report on Wednesday, February 14th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $23.53.

Tripadvisor Trading Up 0.8 %

Shares of TRIP opened at $25.40 on Thursday. The stock has a fifty day moving average price of $26.73 and a two-hundred day moving average price of $21.47. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.27 and a current ratio of 2.27. Tripadvisor, Inc. has a 52-week low of $14.15 and a 52-week high of $28.76. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 423.33, a PEG ratio of 1.57 and a beta of 1.57.

Tripadvisor (NASDAQ:TRIP) last released its earnings results on Wednesday, February 14th. The travel company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.07 by $0.14. The company had revenue of $390.00 million during the quarter, compared to analysts’ expectations of $372.93 million. Tripadvisor had a return on equity of 11.69% and a net margin of 0.56%. Analysts predict that Tripadvisor, Inc. will post 0.89 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.