TripAdvisor, Inc. $TRIP Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. grew its position in TripAdvisor, Inc. (NASDAQ:TRIP) by 50.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 883,893 shares of the travel company’s stock after purchasing an additional 298,321 shares during the quarter. Principal Financial Group Inc.’s holdings in TripAdvisor were worth $14,372,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. New York State Teachers Retirement System boosted its position in shares of TripAdvisor by 0.5% in the 3rd quarter. New York State Teachers Retirement System now owns 130,686 shares of the travel company’s stock worth $2,125,000 after purchasing an additional 624 shares in the last quarter. Nisa Investment Advisors LLC increased its position in TripAdvisor by 4.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 15,998 shares of the travel company’s stock valued at $260,000 after buying an additional 663 shares in the last quarter. Covestor Ltd raised its stake in TripAdvisor by 64.8% in the third quarter. Covestor Ltd now owns 1,770 shares of the travel company’s stock valued at $29,000 after buying an additional 696 shares during the last quarter. Penserra Capital Management LLC raised its stake in TripAdvisor by 0.3% in the second quarter. Penserra Capital Management LLC now owns 240,847 shares of the travel company’s stock valued at $3,143,000 after buying an additional 745 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in TripAdvisor by 4.8% in the second quarter. Teacher Retirement System of Texas now owns 17,386 shares of the travel company’s stock worth $227,000 after acquiring an additional 802 shares in the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TRIP has been the topic of several recent analyst reports. Zacks Research upgraded shares of TripAdvisor from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $20.00 target price on shares of TripAdvisor in a research note on Friday, November 7th. Mizuho set a $17.00 target price on shares of TripAdvisor and gave the stock a “neutral” rating in a research report on Friday, November 14th. Barclays cut their price target on shares of TripAdvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a research note on Friday, November 7th. Finally, Wall Street Zen downgraded shares of TripAdvisor from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $16.06.

TripAdvisor Price Performance

Shares of NASDAQ:TRIP opened at $12.83 on Wednesday. TripAdvisor, Inc. has a twelve month low of $10.43 and a twelve month high of $20.16. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.21. The company has a market cap of $1.50 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 1.25 and a beta of 1.01. The company’s 50 day moving average is $14.07 and its 200 day moving average is $15.63.

TripAdvisor Company Profile

TripAdvisor (NASDAQ:TRIP) is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company’s flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor’s offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.