Ashburton Jersey Ltd Reduces Stock Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Ashburton Jersey Ltd lessened its holdings in Tripadvisor, Inc. (NASDAQ:TRIP) by 41.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 75,232 shares of the travel company’s stock after selling 53,741 shares during the quarter. Tripadvisor makes up 0.7% of Ashburton Jersey Ltd’s holdings, making the stock its 25th largest holding. Ashburton Jersey Ltd’s holdings in Tripadvisor were worth $1,620,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TRIP. DekaBank Deutsche Girozentrale bought a new position in shares of Tripadvisor in the third quarter worth about $34,000. International Assets Investment Management LLC increased its position in shares of Tripadvisor by 2,053.0% during the fourth quarter. International Assets Investment Management LLC now owns 2,153 shares of the travel company’s stock worth $46,000 after acquiring an additional 2,053 shares during the period. CWM LLC raised its stake in shares of Tripadvisor by 1,384.6% during the third quarter. CWM LLC now owns 5,018 shares of the travel company’s stock valued at $83,000 after acquiring an additional 4,680 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Tripadvisor in the fourth quarter valued at approximately $173,000. Finally, CIBC Asset Management Inc bought a new position in Tripadvisor in the third quarter worth approximately $181,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Wall Street Analysts Forecast Growth

TRIP has been the subject of a number of research analyst reports. 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. The Goldman Sachs Group lifted their price objective on Tripadvisor from $23.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Wedbush reissued a “neutral” rating and set a $30.00 target price on shares of Tripadvisor in a research report on Thursday, April 18th. TheStreet raised shares of Tripadvisor from a “d+” rating to a “c” rating in a research report on Wednesday, February 14th. Finally, B. Riley restated a “buy” rating and set a $34.00 target price (up previously from $27.00) on shares of Tripadvisor in a report on Friday, February 16th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $24.12.

Tripadvisor Stock Performance

NASDAQ TRIP traded down $0.01 on Thursday, hitting $26.31. 340,546 shares of the company’s stock traded hands, compared to its average volume of 2,326,441. The firm’s 50-day moving average price is $26.92 and its two-hundred day moving average price is $22.18. The firm has a market capitalization of $3.63 billion, a PE ratio of 438.50, a P/E/G ratio of 1.66 and a beta of 1.56. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 1.02. Tripadvisor, Inc. has a 1-year low of $14.15 and a 1-year high of $28.76.

Tripadvisor (NASDAQ:TRIP) last issued its earnings results on Wednesday, February 14th. The travel company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.14. The firm had revenue of $390.00 million for the quarter, compared to the consensus estimate of $372.93 million. Tripadvisor had a return on equity of 11.69% and a net margin of 0.56%. As a group, analysts expect that Tripadvisor, Inc. will post 0.88 EPS for the current 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.