Blue Trust Inc. Acquires 1,543 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Blue Trust Inc. lifted its position in Tripadvisor, Inc. (NASDAQ:TRIP) by 204.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,298 shares of the travel company’s stock after purchasing an additional 1,543 shares during the period. Blue Trust Inc.’s holdings in Tripadvisor were worth $33,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in TRIP. True Wealth Design LLC acquired a new position in Tripadvisor during the third quarter worth $27,000. Capital Performance Advisors LLP acquired a new position in Tripadvisor in the 3rd quarter valued at $28,000. GAMMA Investing LLC grew its stake in Tripadvisor by 204.7% during the fourth quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company’s stock worth $54,000 after buying an additional 2,469 shares in the last quarter. KBC Group NV lifted its stake in Tripadvisor by 65.3% during the third quarter. KBC Group NV now owns 4,499 shares of the travel company’s stock worth $65,000 after purchasing an additional 1,777 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in Tripadvisor during the third quarter worth about $201,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Tripadvisor Stock Performance

Shares of TRIP stock opened at $18.41 on Tuesday. The company has a current ratio of 1.85, a quick 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 stock has a market capitalization of $2.57 billion, a P/E ratio of 80.05, a PEG ratio of 9.54 and a beta of 1.34. The firm’s 50 day moving average is $15.39 and its 200 day moving average is $14.96.

Analysts Set New Price Targets

TRIP has been the topic of a number of recent research reports. UBS Group cut their price target on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. StockNews.com lowered Tripadvisor from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. DA Davidson reaffirmed a “neutral” rating and issued a $16.00 price target on shares of Tripadvisor in a research note on Thursday, December 19th. TD Cowen upped their price objective 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, Wedbush restated a “neutral” rating and set a $17.00 price objective on shares of Tripadvisor in a research note on Thursday, December 19th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.50.

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.