Connor Clark & Lunn Investment Management Ltd. lowered its holdings in Tripadvisor, Inc. (NASDAQ:TRIP – Get Rating) by 30.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 67,107 shares of the travel company’s stock after selling 29,914 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Tripadvisor were worth $1,829,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Geneos Wealth Management Inc. acquired a new stake in Tripadvisor in the 3rd quarter valued at $55,000. Future Financial Wealth Managment LLC bought a new position in Tripadvisor during the 4th quarter valued at $85,000. Maverick Capital Ltd. bought a new position in Tripadvisor during the 3rd quarter valued at $159,000. ARK Investment Management LLC bought a new position in Tripadvisor during the 4th quarter valued at $195,000. Finally, Magnetar Financial LLC bought a new position in Tripadvisor during the 3rd quarter valued at $204,000. 82.89% of the stock is owned by institutional investors and hedge funds.
Shares of Tripadvisor stock opened at $24.77 on Friday. Tripadvisor, Inc. has a 52-week low of $20.25 and a 52-week high of $44.99. The stock’s 50-day simple moving average is $25.38 and its 200 day simple moving average is $27.04. The stock has a market capitalization of $3.43 billion, a P/E ratio of -33.93 and a beta of 1.35. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.23 and a current ratio of 2.23.
TRIP has been the topic of several recent analyst reports. Mizuho dropped their price objective on Tripadvisor from $36.00 to $30.00 in a research note on Friday, February 18th. StockNews.com initiated coverage on Tripadvisor in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Citigroup dropped their price objective on Tripadvisor from $30.00 to $26.00 and set a “neutral” rating on the stock in a research note on Monday, May 9th. Zacks Investment Research upgraded Tripadvisor from a “sell” rating to a “hold” rating and set a $26.00 price objective on the stock in a research note on Wednesday, April 27th. Finally, Credit Suisse Group lowered their target price on Tripadvisor from $36.00 to $30.00 and set a “neutral” rating on the stock in a research note on Friday, February 18th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.00.
In other news, Director Gregory B. Maffei acquired 50,000 shares of the stock in a transaction that occurred on Friday, March 4th. The shares were acquired at an average cost of $22.38 per share, for a total transaction of $1,119,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.50% of the company’s stock.
Tripadvisor Profile (Get Rating)
TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotels, Media & Platform; and Experiences & Dining. The company operates TripAdvisor-branded websites, including tripadvisor.com in the United States; and localized versions of the website in 40 markets and 20 languages.
- Get a free copy of the StockNews.com research report on Tripadvisor (TRIP)
- The Three Most Upgraded Stocks You Can Buy Now
- MarketBeat: Week in Review 5/9 – 5/13
- Is Electronic Arts (NASDAQ: EA) Suddenly A Safe Haven?
- Beyond Meat Stock Value is Improving
- The Travel Sector Is Getting Upgraded
Receive News & Ratings for Tripadvisor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tripadvisor and related companies with MarketBeat.com's FREE daily email newsletter.