Mirae Asset Global Investments Co. Ltd. Grows Stock Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Mirae Asset Global Investments Co. Ltd. boosted its stake in Tripadvisor, Inc. (NASDAQ:TRIP) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 143,152 shares of the travel company’s stock after acquiring an additional 4,412 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.10% of Tripadvisor worth $3,082,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Envestnet Asset Management Inc. boosted its holdings in Tripadvisor by 3.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 12,368 shares of the travel company’s stock worth $335,000 after acquiring an additional 466 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in Tripadvisor by 1.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 57,250 shares of the travel company’s stock worth $1,264,000 after acquiring an additional 570 shares during the period. Yousif Capital Management LLC boosted its holdings in Tripadvisor by 1.2% in the 1st quarter. Yousif Capital Management LLC now owns 52,496 shares of the travel company’s stock worth $1,424,000 after acquiring an additional 605 shares during the period. Arizona State Retirement System boosted its holdings in Tripadvisor by 2.3% in the 3rd quarter. Arizona State Retirement System now owns 31,296 shares of the travel company’s stock worth $519,000 after acquiring an additional 697 shares during the period. Finally, XTX Topco Ltd raised its position in shares of Tripadvisor by 2.9% in the 2nd quarter. XTX Topco Ltd now owns 25,177 shares of the travel company’s stock valued at $415,000 after purchasing an additional 707 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. The Goldman Sachs Group upped their target price 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 issued a $20.00 target price on shares of Tripadvisor in a research report on Thursday, February 15th. Truist Financial upped their target price on Tripadvisor from $18.00 to $28.00 and gave the company a “hold” rating in a research report on Thursday, March 14th. TheStreet raised Tripadvisor from a “d+” rating to a “c” rating in a research report on Wednesday, February 14th. Finally, B. Riley reaffirmed a “buy” rating and issued a $34.00 target price (up from $27.00) on shares of Tripadvisor in a research report on Friday, February 16th. Three research 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 data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $23.53.

Tripadvisor Price Performance

Shares of TRIP opened at $25.40 on Thursday. The company has a market cap of $3.50 billion, a P/E ratio of 423.33, a PEG ratio of 1.57 and a beta of 1.57. The stock has a fifty day moving average price of $26.73 and a 200 day moving average price of $21.47. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.27 and a quick ratio of 2.27. Tripadvisor, Inc. has a 12 month low of $14.15 and a 12 month high of $28.76.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Wednesday, February 14th. The travel company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.14. The firm had revenue of $390.00 million during the quarter, compared to the consensus estimate of $372.93 million. Tripadvisor had a return on equity of 11.69% and a net margin of 0.56%. On average, research analysts forecast that Tripadvisor, Inc. will post 0.89 earnings per share for the current year.

Tripadvisor 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.