Raymond James Financial Inc. Buys New Stake in Tripadvisor, Inc. (NASDAQ:TRIP)

Raymond James Financial Inc. purchased a new stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 203,747 shares of the travel company’s stock, valued at approximately $3,009,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TRIP. True Wealth Design LLC purchased a new stake in shares of Tripadvisor during the 3rd quarter worth about $27,000. Bogart Wealth LLC acquired a new position in Tripadvisor in the 4th quarter worth about $30,000. Blue Trust Inc. boosted its position in Tripadvisor by 204.4% during the fourth quarter. Blue Trust Inc. now owns 2,298 shares of the travel company’s stock worth $33,000 after purchasing an additional 1,543 shares in the last quarter. GAMMA Investing LLC grew its holdings in Tripadvisor by 204.7% in the fourth quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company’s stock valued at $54,000 after purchasing an additional 2,469 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Tripadvisor in the fourth quarter valued at approximately $58,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Tripadvisor Trading Down 4.0 %

Shares of Tripadvisor stock opened at $14.09 on Friday. Tripadvisor, Inc. has a 1-year low of $12.93 and a 1-year high of $28.64. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.10 and a quick ratio of 1.85. The stock has a market cap of $1.98 billion, a P/E ratio of 704.85, a P/E/G ratio of 9.01 and a beta of 1.35. The stock’s 50 day simple moving average is $15.87 and its 200-day simple moving average is $15.04.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Thursday, February 20th. The travel company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.08). Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. The firm had revenue of $411.00 million for the quarter, compared to analyst estimates of $400.02 million. Analysts predict that Tripadvisor, Inc. will post 0.46 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. UBS Group reiterated a “neutral” rating on shares of Tripadvisor in a research report on Tuesday, February 4th. DA Davidson reaffirmed a “neutral” rating and set a $16.00 price objective on shares of Tripadvisor in a report on Thursday, February 20th. StockNews.com raised shares of Tripadvisor from a “hold” rating to a “buy” rating in a research note on Monday, February 24th. Wedbush reaffirmed a “neutral” rating and issued a $17.00 price target on shares of Tripadvisor in a research note on Thursday, December 19th. Finally, JPMorgan Chase & Co. boosted their price objective on Tripadvisor from $14.00 to $15.00 and gave the stock an “underweight” rating in a research note on Friday, February 21st. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $17.57.

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.