Entropy Technologies LP Sells 19,186 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Entropy Technologies LP lessened its position in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 46.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,519 shares of the travel company’s stock after selling 19,186 shares during the period. Entropy Technologies LP’s holdings in Tripadvisor were worth $326,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in TRIP. Swiss National Bank boosted its position in shares of Tripadvisor by 0.6% in the first quarter. Swiss National Bank now owns 210,900 shares of the travel company’s stock valued at $5,861,000 after acquiring an additional 1,200 shares during the period. Sei Investments Co. grew its position in shares of Tripadvisor by 4.6% during the 1st quarter. Sei Investments Co. now owns 207,614 shares of the travel company’s stock worth $5,770,000 after purchasing an additional 9,169 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of Tripadvisor by 1.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 112,820 shares of the travel company’s stock worth $3,135,000 after purchasing an additional 1,928 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Tripadvisor by 5.3% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 32,423 shares of the travel company’s stock valued at $898,000 after buying an additional 1,626 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of Tripadvisor by 589.5% in the first quarter. Acadian Asset Management LLC now owns 34,946 shares of the travel company’s stock valued at $970,000 after buying an additional 29,878 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on TRIP shares. StockNews.com lowered Tripadvisor from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Citigroup decreased their price target on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Wedbush reaffirmed a “neutral” rating and set a $17.00 price objective (up previously from $16.00) on shares of Tripadvisor in a research report on Thursday, November 7th. DA Davidson decreased their target price on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Finally, UBS Group cut their price target on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $18.33.

Tripadvisor Price Performance

Shares of TRIP opened at $13.94 on Friday. 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 stock has a market cap of $1.93 billion, a PE ratio of 60.61, a PEG ratio of 10.06 and a beta of 1.37. Tripadvisor, Inc. has a 12-month low of $12.93 and a 12-month high of $28.76. The business has a 50-day simple moving average of $14.81 and a two-hundred day simple moving average of $16.50.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings data 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 return on equity of 10.37% and a net margin of 1.98%. The company had revenue of $532.00 million during the quarter, compared to the consensus estimate of $527.86 million. During the same quarter in the prior year, the firm posted $0.35 earnings per share. The firm’s revenue was down .2% compared to the same quarter last year. Analysts anticipate that Tripadvisor, Inc. will post 0.36 earnings per share for the current fiscal year.

Tripadvisor Company 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.