Dynamic Technology Lab Private Ltd Sells 72,187 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Dynamic Technology Lab Private Ltd lessened its position in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 55.3% in the third quarter, Holdings Channel.com reports. The firm owned 58,250 shares of the travel company’s stock after selling 72,187 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Tripadvisor were worth $844,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TRIP. Capital Performance Advisors LLP bought a new position in shares of Tripadvisor during the third quarter worth about $28,000. Fifth Third Bancorp boosted its position in Tripadvisor by 104.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock worth $30,000 after acquiring an additional 846 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in Tripadvisor during the 3rd quarter worth approximately $43,000. Quest Partners LLC raised its holdings in shares of Tripadvisor by 14,244.4% in the second quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock valued at $46,000 after purchasing an additional 2,564 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of Tripadvisor by 65.3% in 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 in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Wall Street Analysts Forecast Growth

TRIP has been the subject of a number of analyst reports. StockNews.com downgraded shares of Tripadvisor from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. BTIG Research lowered their target price on Tripadvisor from $25.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Truist Financial reduced their price target on Tripadvisor from $21.00 to $17.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Cantor Fitzgerald lowered their price target on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a research report on Thursday, November 7th. Finally, UBS Group cut their price objective on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $18.33.

Tripadvisor Stock Up 1.6 %

Tripadvisor stock opened at $14.10 on Thursday. The company’s 50-day moving average price is $14.85 and its two-hundred day moving average price is $15.99. 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 $1.96 billion, a P/E ratio of 60.70, a P/E/G ratio of 9.92 and a beta of 1.37. Tripadvisor, Inc. has a twelve month low of $12.93 and a twelve month high of $28.76.

Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. The company had revenue of $532.00 million for the quarter, compared to analyst estimates of $527.86 million. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 earnings per share. As a group, analysts expect that Tripadvisor, Inc. will post 0.36 EPS for the current 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.