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

Ashburton Jersey Ltd lowered its stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 41.7% in the 4th quarter, according to the company in its most recent 13F 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 period. Tripadvisor accounts for 0.7% of Ashburton Jersey Ltd’s investment portfolio, making the stock its 25th biggest holding. Ashburton Jersey Ltd owned approximately 0.05% of Tripadvisor worth $1,620,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of TRIP. Vanguard Group Inc. increased its position in Tripadvisor by 11.7% in the third quarter. Vanguard Group Inc. now owns 12,084,674 shares of the travel company’s stock worth $200,364,000 after buying an additional 1,263,706 shares during the last quarter. Public Sector Pension Investment Board purchased a new stake in Tripadvisor in the 3rd quarter worth about $2,206,000. Moody Aldrich Partners LLC purchased a new stake in Tripadvisor in the 4th quarter worth about $3,520,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Tripadvisor by 40.4% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 71,977 shares of the travel company’s stock valued at $1,193,000 after acquiring an additional 20,721 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Tripadvisor by 8.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,095,471 shares of the travel company’s stock valued at $18,163,000 after purchasing an additional 83,290 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on TRIP shares. Wedbush reissued a “neutral” rating and issued a $30.00 price target on shares of Tripadvisor in a research report on Thursday, April 18th. Citigroup boosted their target price on shares of Tripadvisor from $23.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Mizuho raised their price target on Tripadvisor from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, February 16th. StockNews.com upgraded Tripadvisor from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Finally, UBS Group increased their price objective on Tripadvisor from $21.00 to $27.00 and gave the stock a “neutral” rating in a report on Friday, February 16th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $24.12.

Tripadvisor Price Performance

Shares of NASDAQ TRIP traded down $0.01 during mid-day trading on Thursday, reaching $26.31. 340,546 shares of the company were exchanged, compared to its average volume of 2,326,441. The stock has a market capitalization of $3.63 billion, a PE ratio of 438.50, a PEG ratio of 1.66 and a beta of 1.56. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 1.02. Tripadvisor, Inc. has a 52 week low of $14.15 and a 52 week high of $28.76. The company’s 50 day moving average price is $26.92 and its 200 day moving average price is $22.18.

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

Tripadvisor 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.