Wallace Capital Management Inc. Trims Stock Holdings in Tripadvisor, Inc. (NASDAQ:TRIP)

Wallace Capital Management Inc. lessened its holdings in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 3.4% during the 3rd quarter, Holdings Channel reports. The firm owned 543,799 shares of the travel company’s stock after selling 18,984 shares during the period. Tripadvisor comprises about 1.1% of Wallace Capital Management Inc.’s portfolio, making the stock its 18th biggest holding. Wallace Capital Management Inc.’s holdings in Tripadvisor were worth $7,880,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. True Wealth Design LLC bought a new stake in Tripadvisor during the 3rd quarter valued at $27,000. Capital Performance Advisors LLP purchased a new position in Tripadvisor during the 3rd quarter worth $28,000. Fifth Third Bancorp grew its stake in Tripadvisor by 104.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock valued at $30,000 after purchasing an additional 846 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in Tripadvisor during the 3rd quarter valued at about $43,000. Finally, Quest Partners LLC grew its stake in Tripadvisor by 14,244.4% during the 2nd quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock valued at $46,000 after purchasing an additional 2,564 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Tripadvisor Stock Down 3.4 %

TRIP stock opened at $14.07 on Friday. Tripadvisor, Inc. has a 12-month low of $12.93 and a 12-month high of $28.76. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.93. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 61.18, a PEG ratio of 9.88 and a beta of 1.36. The company has a 50 day moving average of $14.80 and a two-hundred day moving average of $15.81.

Tripadvisor (NASDAQ:TRIP) last posted its earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The business had revenue of $532.00 million for the quarter, compared to analysts’ expectations of $527.86 million. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. The firm’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 earnings per share. On average, equities analysts anticipate that Tripadvisor, Inc. will post 0.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

TRIP has been the topic of a number of recent research reports. Wedbush restated a “neutral” rating and issued a $17.00 target price (up previously from $16.00) on shares of Tripadvisor in a research note on Thursday, November 7th. Cantor Fitzgerald reduced their target price on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Thursday, November 7th. DA Davidson dropped their price target on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. UBS Group dropped their price target on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Finally, B. Riley increased their price objective on Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Tripadvisor presently has an average rating of “Hold” and a consensus target price of $18.33.

About Tripadvisor

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.