Friedenthal Financial Acquires Shares of 54,755 TripAdvisor, Inc. $TRIP

Friedenthal Financial acquired a new position in shares of TripAdvisor, Inc. (NASDAQ:TRIP) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 54,755 shares of the travel company’s stock, valued at approximately $890,000.

A number of other institutional investors have also modified their holdings of the stock. Smartleaf Asset Management LLC lifted its holdings in shares of TripAdvisor by 86.9% during the first quarter. Smartleaf Asset Management LLC now owns 3,055 shares of the travel company’s stock worth $43,000 after purchasing an additional 1,420 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in TripAdvisor by 419.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,893 shares of the travel company’s stock worth $55,000 after buying an additional 3,144 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of TripAdvisor by 308.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,077 shares of the travel company’s stock worth $53,000 after acquiring an additional 3,078 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of TripAdvisor by 376.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,127 shares of the travel company’s stock valued at $67,000 after acquiring an additional 4,052 shares in the last quarter. Finally, Quarry LP increased its stake in shares of TripAdvisor by 571.0% during the first quarter. Quarry LP now owns 5,697 shares of the travel company’s stock worth $81,000 after acquiring an additional 4,848 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

TripAdvisor Stock Performance

TRIP opened at $14.00 on Wednesday. The stock has a market cap of $1.64 billion, a P/E ratio of 21.88, a P/E/G ratio of 2.78 and a beta of 1.01. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.33 and a quick ratio of 1.33. The stock’s 50 day simple moving average is $15.23 and its 200 day simple moving average is $16.07. TripAdvisor, Inc. has a 1-year low of $10.43 and a 1-year high of $20.16.

TripAdvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Thursday, November 6th. The travel company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.07. The firm had revenue of $553.00 million during the quarter, compared to analysts’ expectations of $562.92 million. TripAdvisor had a return on equity of 14.77% and a net margin of 4.23%.TripAdvisor’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.50 earnings per share. As a group, equities analysts anticipate that TripAdvisor, Inc. will post 0.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Mizuho set a $17.00 price objective on shares of TripAdvisor and gave the company a “neutral” rating in a research report on Friday, November 14th. Wall Street Zen cut TripAdvisor from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. B. Riley decreased their price target on TripAdvisor from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Weiss Ratings reiterated a “sell (d+)” rating on shares of TripAdvisor in a research report on Monday. Finally, Jefferies Financial Group cut their price objective on TripAdvisor from $13.00 to $12.50 and set an “underperform” rating for the company in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $16.25.

About TripAdvisor

TripAdvisor (NASDAQ:TRIP) is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company’s flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor’s offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.