Palogic Value Management L.P. Sells 30,000 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Palogic Value Management L.P. reduced its position in Tripadvisor, Inc. (NASDAQ:TRIP) by 21.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 110,000 shares of the travel company’s stock after selling 30,000 shares during the quarter. Palogic Value Management L.P.’s holdings in Tripadvisor were worth $1,625,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TRIP. Pacer Advisors Inc. lifted its holdings in shares of Tripadvisor by 167.6% in the 3rd quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company’s stock worth $73,431,000 after purchasing an additional 3,173,817 shares in the last quarter. SG Americas Securities LLC lifted its stake in Tripadvisor by 679.5% during the 4th quarter. SG Americas Securities LLC now owns 738,731 shares of the travel company’s stock valued at $10,911,000 after acquiring an additional 643,963 shares in the last quarter. Lightrock Netherlands B.V. purchased a new position in Tripadvisor during the 4th quarter worth $7,607,000. Boussard & Gavaudan Investment Management LLP purchased a new position in Tripadvisor during the 3rd quarter worth $5,159,000. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in Tripadvisor by 15.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,566,342 shares of the travel company’s stock worth $37,186,000 after acquiring an additional 334,961 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors.

Tripadvisor Stock Performance

NASDAQ:TRIP opened at $14.98 on Friday. 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 business has a fifty day simple moving average of $15.90 and a two-hundred day simple moving average of $15.00. Tripadvisor, Inc. has a 1 year low of $12.93 and a 1 year high of $28.76. The company has a market capitalization of $2.10 billion, a P/E ratio of 749.37, a P/E/G ratio of 9.01 and a beta of 1.35.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. B. Riley cut their price objective on shares of Tripadvisor from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, March 10th. DA Davidson reaffirmed a “neutral” rating and set a $16.00 price objective on shares of Tripadvisor in a report on Thursday, February 20th. JPMorgan Chase & Co. lifted their price objective on shares of Tripadvisor from $14.00 to $15.00 and gave the stock an “underweight” rating in a report on Friday, February 21st. Cantor Fitzgerald cut their price objective on shares of Tripadvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Friday, February 21st. Finally, UBS Group reaffirmed a “neutral” rating on shares of Tripadvisor in a report on Tuesday, February 4th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, Tripadvisor has an average rating of “Hold” and a consensus target price 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.