KBC Group NV cut its stake in Tripadvisor Inc (NASDAQ:TRIP) by 11.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 174,004 shares of the travel company’s stock after selling 22,673 shares during the period. KBC Group NV owned approximately 0.13% of Tripadvisor worth $7,053,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. FNY Managed Accounts LLC bought a new stake in Tripadvisor during the third quarter worth approximately $101,000. D.A. Davidson & CO. boosted its stake in Tripadvisor by 957.0% in the 3rd quarter. D.A. Davidson & CO. now owns 5,655 shares of the travel company’s stock worth $229,000 after purchasing an additional 5,120 shares during the period. BlueMountain Capital Management LLC acquired a new position in Tripadvisor in the 2nd quarter worth approximately $242,000. Cutter & CO Brokerage Inc. boosted its stake in Tripadvisor by 0.5% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 6,520 shares of the travel company’s stock worth $249,000 after purchasing an additional 30 shares during the period. Finally, Westfield Capital Management Co. LP acquired a new position in Tripadvisor in the 2nd quarter worth approximately $252,000. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Shares of Tripadvisor Inc (TRIP) opened at $34.39 on Wednesday. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 0.19. The stock has a market cap of $4,827.40, a price-to-earnings ratio of 50.38, a price-to-earnings-growth ratio of 2.82 and a beta of 2.32. Tripadvisor Inc has a 12-month low of $29.50 and a 12-month high of $53.58.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Monday, November 6th. The travel company reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. The company had revenue of $439.00 million for the quarter, compared to analyst estimates of $451.27 million. Tripadvisor had a net margin of 4.26% and a return on equity of 6.81%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the business posted $0.53 EPS. sell-side analysts predict that Tripadvisor Inc will post 0.69 earnings per share for the current fiscal year.

A number of equities research analysts have issued reports on the stock. Barclays cut their target price on shares of Tripadvisor from $45.00 to $35.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 8th. Cowen reiterated a “hold” rating and issued a $42.00 target price on shares of Tripadvisor in a research report on Tuesday, September 12th. ValuEngine upgraded shares of Tripadvisor from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Stifel Nicolaus reiterated a “hold” rating and issued a $40.00 target price (down previously from $45.00) on shares of Tripadvisor in a research report on Thursday, August 10th. Finally, SunTrust Banks assumed coverage on shares of Tripadvisor in a research report on Tuesday, August 15th. They issued a “hold” rating and a $44.00 target price for the company. Eight research analysts have rated the stock with a sell rating and twenty have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $39.95.

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Tripadvisor Company Profile

TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.

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Institutional Ownership by Quarter for Tripadvisor (NASDAQ:TRIP)

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