Tripadvisor, Inc. (NASDAQ:TRIP) Shares Sold by Watershed Asset Management L.L.C.

Watershed Asset Management L.L.C. trimmed its holdings in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 6.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,576 shares of the travel company’s stock after selling 1,089 shares during the period. Tripadvisor makes up approximately 0.4% of Watershed Asset Management L.L.C.’s investment portfolio, making the stock its 18th largest holding. Watershed Asset Management L.L.C.’s holdings in Tripadvisor were worth $335,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Arizona State Retirement System grew its position in Tripadvisor by 2.3% in the 3rd quarter. Arizona State Retirement System now owns 31,296 shares of the travel company’s stock valued at $519,000 after buying an additional 697 shares in the last quarter. Yousif Capital Management LLC boosted its holdings in shares of Tripadvisor by 2.1% in the third quarter. Yousif Capital Management LLC now owns 53,244 shares of the travel company’s stock valued at $883,000 after acquiring an additional 1,115 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Tripadvisor by 4.1% during the third quarter. Oregon Public Employees Retirement Fund now owns 31,866 shares of the travel company’s stock valued at $528,000 after acquiring an additional 1,258 shares during the period. New York State Teachers Retirement System raised its holdings in Tripadvisor by 1.1% during the fourth quarter. New York State Teachers Retirement System now owns 130,532 shares of the travel company’s stock worth $2,810,000 after purchasing an additional 1,370 shares in the last quarter. Finally, CWM LLC lifted its position in Tripadvisor by 40.4% in the fourth quarter. CWM LLC now owns 7,047 shares of the travel company’s stock worth $152,000 after purchasing an additional 2,029 shares during the period. 98.99% of the stock is currently owned by institutional investors.

Tripadvisor Stock Up 2.2 %

Tripadvisor stock traded up $0.56 during mid-day trading on Tuesday, hitting $26.12. The company’s stock had a trading volume of 1,288,962 shares, compared to its average volume of 2,385,305. Tripadvisor, Inc. has a 52-week low of $14.15 and a 52-week high of $28.76. The company has a market cap of $3.60 billion, a PE ratio of 435.33, a price-to-earnings-growth ratio of 1.58 and a beta of 1.57. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.27 and a quick ratio of 2.27. The firm’s 50 day moving average is $26.93 and its 200 day moving average is $21.77.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Wednesday, February 14th. The travel company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.14. The business had revenue of $390.00 million during the quarter, compared to analyst estimates of $372.93 million. Tripadvisor had a net margin of 0.56% and a return on equity of 11.69%. On average, analysts anticipate that Tripadvisor, Inc. will post 0.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group lifted their price target on Tripadvisor from $23.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Wedbush reaffirmed a “neutral” rating and set a $30.00 target price on shares of Tripadvisor in a report on Thursday, April 18th. BMO Capital Markets upped their price target on shares of Tripadvisor from $20.00 to $23.00 and gave the company a “market perform” rating in a report on Friday, February 16th. B. Riley reaffirmed a “buy” rating and issued a $34.00 price objective (up previously from $27.00) on shares of Tripadvisor in a research note on Friday, February 16th. Finally, StockNews.com upgraded shares of Tripadvisor from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $24.12.

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.