US Bancorp DE Sells 12,672 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

US Bancorp DE lowered its position in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 26.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,006 shares of the travel company’s stock after selling 12,672 shares during the quarter. US Bancorp DE’s holdings in Tripadvisor were worth $507,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Fifth Third Bancorp increased its stake in shares of Tripadvisor by 104.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock worth $30,000 after purchasing an additional 846 shares during the last quarter. Quest Partners LLC grew its stake in Tripadvisor by 14,244.4% in the 2nd quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock valued at $46,000 after buying an additional 2,564 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new position in Tripadvisor in the 3rd quarter valued at approximately $43,000. Gladius Capital Management LP purchased a new position in Tripadvisor in the 2nd quarter valued at approximately $79,000. Finally, Councilmark Asset Management LLC purchased a new position in Tripadvisor in the 1st quarter valued at approximately $224,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Tripadvisor Stock Performance

NASDAQ TRIP opened at $14.80 on Tuesday. The company has a 50-day simple moving average of $14.78 and a two-hundred day simple moving average of $16.78. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.93. Tripadvisor, Inc. has a 12-month low of $12.93 and a 12-month high of $28.76. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 64.35, a PEG ratio of 10.19 and a beta of 1.37.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.06. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. The business had revenue of $532.00 million during the quarter, compared to analyst estimates of $527.86 million. During the same period in the prior year, the business posted $0.35 earnings per share. The company’s revenue was down .2% on a year-over-year basis. On average, equities analysts forecast that Tripadvisor, Inc. will post 0.38 EPS for the current year.

Analyst Upgrades and Downgrades

TRIP has been the subject of a number of recent research reports. UBS Group reduced their price objective on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Citigroup reduced their price target on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday, September 24th. JPMorgan Chase & Co. decreased their price target on shares of Tripadvisor from $17.00 to $14.00 and set an “underweight” rating on the stock in a report on Wednesday, August 7th. TD Cowen upped their price target on shares of Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Finally, BTIG Research decreased their price target on shares of Tripadvisor from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Tripadvisor presently has a consensus rating of “Hold” and an average price target of $18.33.

About Tripadvisor

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.