Mackenzie Financial Corp Boosts Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Mackenzie Financial Corp increased its holdings in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 50.1% in the fourth quarter, Holdings Channel reports. The firm owned 61,697 shares of the travel company’s stock after buying an additional 20,583 shares during the period. Mackenzie Financial Corp’s holdings in Tripadvisor were worth $1,328,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Louisiana State Employees Retirement System acquired a new stake in shares of Tripadvisor during the 4th quarter worth about $1,165,000. Moody Aldrich Partners LLC acquired a new stake in shares of Tripadvisor during the 4th quarter worth about $3,520,000. Meeder Asset Management Inc. acquired a new stake in shares of Tripadvisor during the 4th quarter worth about $173,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Tripadvisor by 3.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 143,152 shares of the travel company’s stock worth $3,082,000 after purchasing an additional 4,412 shares during the last quarter. Finally, New York State Teachers Retirement System increased its position in shares of Tripadvisor by 1.1% during the 4th quarter. New York State Teachers Retirement System now owns 130,532 shares of the travel company’s stock worth $2,810,000 after purchasing an additional 1,370 shares during the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. TheStreet raised Tripadvisor from a “d+” rating to a “c” rating in a research report on Wednesday, February 14th. Citigroup lifted their target price on Tripadvisor from $23.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. StockNews.com raised Tripadvisor from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Ascendiant Capital Markets lifted their target price on Tripadvisor from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, December 29th. Finally, Mizuho lifted their target price on Tripadvisor from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, February 16th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Tripadvisor presently has a consensus rating of “Hold” and an average target price of $24.12.

Tripadvisor Stock Performance

Shares of TRIP opened at $26.15 on Thursday. The stock has a 50-day simple moving average of $26.93 and a 200-day simple moving average of $21.77. The stock has a market capitalization of $3.61 billion, a PE ratio of 435.83, a PEG ratio of 1.64 and a beta of 1.57. Tripadvisor, Inc. has a 1 year low of $14.15 and a 1 year high of $28.76. 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 (NASDAQ:TRIP) last posted its earnings results on Wednesday, February 14th. The travel company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.14. The firm 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%. On average, analysts predict that Tripadvisor, Inc. will post 0.88 earnings per share for the current fiscal year.

Tripadvisor Company 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.