Harbor Capital Advisors Inc. Sells 2,242 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Harbor Capital Advisors Inc. trimmed its holdings in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 3.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,078 shares of the travel company’s stock after selling 2,242 shares during the period. Harbor Capital Advisors Inc.’s holdings in Tripadvisor were worth $873,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Pacer Advisors Inc. raised its position in shares of Tripadvisor by 167.6% during the 3rd quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company’s stock valued at $73,431,000 after acquiring an additional 3,173,817 shares during the last quarter. River Road Asset Management LLC increased its holdings in Tripadvisor by 33.3% in the third quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company’s stock valued at $53,179,000 after purchasing an additional 917,689 shares during the last quarter. State Street Corp increased its holdings in Tripadvisor by 1.0% in the third quarter. State Street Corp now owns 3,457,661 shares of the travel company’s stock valued at $50,102,000 after purchasing an additional 33,809 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Tripadvisor by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,733,746 shares of the travel company’s stock valued at $48,686,000 after buying an additional 95,138 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in Tripadvisor by 15.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,566,342 shares of the travel company’s stock worth $37,186,000 after buying an additional 334,961 shares during the last quarter. 98.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TRIP. Cantor Fitzgerald cut their price target on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a research report on Thursday, November 7th. UBS Group reduced their price target on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Citigroup decreased their price target on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, September 24th. B. Riley lifted their target price on Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, DA Davidson restated a “neutral” rating and issued a $16.00 price target on shares of Tripadvisor in a report on Thursday, December 19th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $17.50.

Tripadvisor Trading Up 1.0 %

NASDAQ:TRIP opened at $14.34 on Tuesday. The company has a market cap of $2.00 billion, a P/E ratio of 62.35, a price-to-earnings-growth ratio of 9.35 and a beta of 1.33. Tripadvisor, Inc. has a twelve month low of $12.93 and a twelve month high of $28.76. The business has a 50 day moving average price of $14.39 and a two-hundred day moving average price of $15.07. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.93.

Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Wednesday, November 6th. The travel company reported $0.50 EPS for the quarter, topping 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 analysts’ expectations of $527.86 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. The firm’s revenue was down .2% on a year-over-year basis. As a group, analysts expect that Tripadvisor, Inc. will post 0.37 EPS 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.