Charles Schwab Investment Management Inc. increased its stake in TripAdvisor, Inc. (NASDAQ:TRIP – Free Report) by 8.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,302,247 shares of the travel company’s stock after purchasing an additional 97,885 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.93% of TripAdvisor worth $18,453,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Tsfg LLC bought a new stake in TripAdvisor in the first quarter worth about $35,000. Point72 Asia Singapore Pte. Ltd. grew its stake in TripAdvisor by 150,850.0% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,057 shares of the travel company’s stock valued at $134,000 after acquiring an additional 9,051 shares in the last quarter. Ethic Inc. purchased a new position in TripAdvisor during the 4th quarter valued at about $163,000. Brown Miller Wealth Management LLC acquired a new position in TripAdvisor in the first quarter worth approximately $164,000. Finally, Oxford Asset Management LLP acquired a new position in TripAdvisor in the fourth quarter worth approximately $174,000. Institutional investors and hedge funds own 98.99% of the company’s stock.
TripAdvisor Price Performance
TripAdvisor stock opened at $17.69 on Friday. TripAdvisor, Inc. has a 1 year low of $10.43 and a 1 year high of $19.26. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $2.05 billion, a P/E ratio of 36.85, a PEG ratio of 2.69 and a beta of 1.30. The business has a 50-day moving average of $16.38 and a 200-day moving average of $14.95.
Analysts Set New Price Targets
TRIP has been the subject of a number of recent analyst reports. B. Riley upped their target price on TripAdvisor from $17.00 to $21.00 and gave the stock a “neutral” rating in a research report on Monday, August 11th. Wall Street Zen cut TripAdvisor from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 14th. Citigroup raised their target price on TripAdvisor from $16.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday. UBS Group reaffirmed a “neutral” rating on shares of TripAdvisor in a research report on Sunday, August 10th. Finally, DA Davidson set a $16.25 price objective on TripAdvisor in a report on Tuesday, July 8th. Nine analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $17.33.
Check Out Our Latest Stock Report on TRIP
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.
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