Cerity Partners LLC Has $449,000 Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Cerity Partners LLC lessened its stake in Tripadvisor, Inc. (NASDAQ:TRIP) by 16.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,476 shares of the travel company’s stock after selling 6,017 shares during the quarter. Cerity Partners LLC’s holdings in Tripadvisor were worth $449,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TRIP. Aster Capital Management DIFC Ltd grew its holdings in shares of Tripadvisor by 83.8% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company’s stock valued at $50,000 after acquiring an additional 1,557 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Tripadvisor by 12.9% during the fourth quarter. Russell Investments Group Ltd. now owns 413,337 shares of the travel company’s stock valued at $6,105,000 after purchasing an additional 47,083 shares during the last quarter. Landscape Capital Management L.L.C. grew its stake in Tripadvisor by 10.1% in the fourth quarter. Landscape Capital Management L.L.C. now owns 211,922 shares of the travel company’s stock valued at $3,130,000 after purchasing an additional 19,519 shares in the last quarter. ExodusPoint Capital Management LP acquired a new position in Tripadvisor in the 4th quarter worth about $5,170,000. Finally, National Bank of Canada FI raised its stake in shares of Tripadvisor by 37.0% during the 4th quarter. National Bank of Canada FI now owns 81,430 shares of the travel company’s stock worth $1,203,000 after purchasing an additional 21,975 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Tripadvisor Price Performance

Shares of NASDAQ:TRIP opened at $11.89 on Wednesday. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 594.80, a PEG ratio of 9.01 and a beta of 1.25. The business has a 50 day moving average price of $13.85 and a 200 day moving average price of $14.76. The company has a quick ratio of 1.85, a current ratio of 2.10 and a debt-to-equity ratio of 0.93. Tripadvisor, Inc. has a twelve month low of $10.43 and a twelve month high of $27.63.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Thursday, February 20th. The travel company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.08). The business had revenue of $411.00 million during the quarter, compared to the consensus estimate of $400.02 million. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. Research analysts predict that Tripadvisor, Inc. will post 0.46 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TRIP shares. Mizuho upgraded Tripadvisor to a “hold” rating in a report on Friday, April 18th. Cantor Fitzgerald dropped their price target on shares of Tripadvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a research note on Friday, February 21st. JPMorgan Chase & Co. cut their price target on shares of Tripadvisor from $15.00 to $11.00 and set an “underweight” rating on the stock in a report on Tuesday, April 8th. UBS Group reiterated a “neutral” rating on shares of Tripadvisor in a report on Tuesday, February 4th. Finally, B. Riley cut their target price on Tripadvisor from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, March 10th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.29.

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.