Clark Estates Inc. NY Acquires Shares of 216,580 Tripadvisor, Inc. (NASDAQ:TRIP)

Clark Estates Inc. NY bought a new position in Tripadvisor, Inc. (NASDAQ:TRIP) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 216,580 shares of the travel company’s stock, valued at approximately $3,138,000. Clark Estates Inc. NY owned about 0.16% of Tripadvisor as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in TRIP. CANADA LIFE ASSURANCE Co grew its position in shares of Tripadvisor by 6.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 122,110 shares of the travel company’s stock worth $3,395,000 after buying an additional 7,637 shares during the last quarter. Bayesian Capital Management LP purchased a new position in Tripadvisor during the 1st quarter valued at $253,000. Tidal Investments LLC purchased a new position in Tripadvisor during the 1st quarter valued at $4,638,000. Boston Partners bought a new position in Tripadvisor in the 1st quarter worth $131,887,000. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of Tripadvisor by 9,356.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 195,467 shares of the travel company’s stock worth $5,477,000 after purchasing an additional 193,400 shares during the period. 98.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Cantor Fitzgerald decreased their price target on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Thursday, November 7th. BTIG Research decreased their target price on Tripadvisor from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. TD Cowen lifted their price target on Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. BMO Capital Markets decreased their price objective on Tripadvisor from $20.00 to $17.00 and set a “market perform” rating for the company in a report on Wednesday, August 7th. Finally, Truist Financial lowered their price objective on Tripadvisor from $21.00 to $17.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $18.33.

Tripadvisor Price Performance

Shares of NASDAQ TRIP opened at $13.88 on Wednesday. The firm has a market cap of $1.93 billion, a P/E ratio of 60.35, a PEG ratio of 9.92 and a beta of 1.37. Tripadvisor, Inc. has a twelve month low of $12.93 and a twelve month high of $28.76. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.93. The company has a 50 day moving average of $14.85 and a 200 day moving average of $16.02.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.06. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. The firm had revenue of $532.00 million during the quarter, compared to analysts’ expectations of $527.86 million. During the same quarter in the previous year, the business earned $0.35 earnings per share. The company’s revenue was down .2% on a year-over-year basis. As a group, research analysts expect that Tripadvisor, Inc. will post 0.36 EPS 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.