TripAdvisor, Inc. $TRIP Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC decreased its position in shares of TripAdvisor, Inc. (NASDAQ:TRIP) by 21.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 475,010 shares of the travel company’s stock after selling 129,899 shares during the period. Confluence Investment Management LLC owned 0.41% of TripAdvisor worth $6,916,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TRIP. New York State Teachers Retirement System increased its position in shares of TripAdvisor by 0.5% during the 3rd quarter. New York State Teachers Retirement System now owns 130,686 shares of the travel company’s stock valued at $2,125,000 after purchasing an additional 624 shares during the period. Essex Investment Management Co. LLC grew its holdings in TripAdvisor by 75.7% during the third quarter. Essex Investment Management Co. LLC now owns 1,523 shares of the travel company’s stock worth $25,000 after acquiring an additional 656 shares during the period. Nisa Investment Advisors LLC lifted its holdings in TripAdvisor by 4.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 15,998 shares of the travel company’s stock valued at $260,000 after acquiring an additional 663 shares during the last quarter. Covestor Ltd boosted its position in shares of TripAdvisor by 64.8% during the 3rd quarter. Covestor Ltd now owns 1,770 shares of the travel company’s stock valued at $29,000 after purchasing an additional 696 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of TripAdvisor by 39.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 2,482 shares of the travel company’s stock worth $42,000 after purchasing an additional 705 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

TripAdvisor Price Performance

Shares of NASDAQ:TRIP opened at $9.35 on Friday. The company’s fifty day moving average is $11.49 and its two-hundred day moving average is $14.26. The company has a market cap of $1.07 billion, a P/E ratio of 31.17, a price-to-earnings-growth ratio of 1.66 and a beta of 0.97. TripAdvisor, Inc. has a 12-month low of $9.01 and a 12-month high of $20.16. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.33.

TripAdvisor (NASDAQ:TRIP) last issued its earnings results on Thursday, February 12th. The travel company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.11). The business had revenue of $411.00 million during the quarter, compared to analyst estimates of $412.53 million. TripAdvisor had a return on equity of 10.67% and a net margin of 2.12%.The business’s quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the business earned $0.30 EPS. Equities analysts expect that TripAdvisor, Inc. will post 0.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of TripAdvisor in a report on Monday, December 29th. Wall Street Zen lowered shares of TripAdvisor from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. UBS Group dropped their price target on TripAdvisor from $19.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, February 3rd. Wedbush reduced their target price on TripAdvisor from $15.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, February 13th. Finally, B. Riley Financial dropped their price target on TripAdvisor from $18.00 to $13.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, TripAdvisor currently has an average rating of “Reduce” and a consensus price target of $14.96.

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.