TripAdvisor, Inc. $TRIP Shares Purchased by Comerica Bank

Comerica Bank boosted its stake in TripAdvisor, Inc. (NASDAQ:TRIP) by 65.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 135,517 shares of the travel company’s stock after purchasing an additional 53,697 shares during the period. Comerica Bank’s holdings in TripAdvisor were worth $1,973,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. New York State Teachers Retirement System increased its holdings in 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 valued at $2,125,000 after purchasing an additional 624 shares during the last quarter. Essex Investment Management Co. LLC increased its holdings in TripAdvisor by 75.7% in the 3rd quarter. Essex Investment Management Co. LLC now owns 1,523 shares of the travel company’s stock valued at $25,000 after purchasing an additional 656 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in TripAdvisor by 4.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 15,998 shares of the travel company’s stock valued at $260,000 after purchasing an additional 663 shares during the last quarter. Covestor Ltd increased its holdings in TripAdvisor by 64.8% in the 3rd quarter. Covestor Ltd now owns 1,770 shares of the travel company’s stock valued at $29,000 after purchasing an additional 696 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in TripAdvisor by 39.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 2,482 shares of the travel company’s stock valued at $42,000 after purchasing an additional 705 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

TripAdvisor Stock Performance

Shares of TRIP stock opened at $11.16 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.33. The firm has a fifty day moving average price of $10.49 and a 200 day moving average price of $12.89. The company has a market cap of $1.28 billion, a P/E ratio of 37.19, a PEG ratio of 1.90 and a beta of 0.91. TripAdvisor, Inc. has a 12 month low of $9.01 and a 12 month high of $20.16.

TripAdvisor (NASDAQ:TRIP) last issued its earnings results on Thursday, February 12th. The travel company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.11). The firm had revenue of $411.00 million for the quarter, compared to analyst estimates of $412.53 million. TripAdvisor had a return on equity of 10.67% and a net margin of 2.12%.The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 EPS. Sell-side analysts predict that TripAdvisor, Inc. will post 0.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

TRIP has been the subject of several research reports. Cantor Fitzgerald set a $10.00 target price on shares of TripAdvisor and gave the company an “underweight” rating in a report on Friday, February 13th. Barclays dropped their price target on shares of TripAdvisor from $13.00 to $10.00 and set an “underweight” rating for the company in a research note on Friday, February 13th. Wedbush dropped their price target on shares of TripAdvisor from $15.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, February 13th. Zacks Research downgraded shares of TripAdvisor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Finally, Bank of America upgraded shares of TripAdvisor from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $14.00 to $15.00 in a research note on Friday, March 27th. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $14.51.

About TripAdvisor

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.