Rovida Advisors Inc. bought a new position in shares of Tripadvisor Inc (NASDAQ:TRIP) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 192,130 shares of the travel company’s stock, valued at approximately $6,619,000. Tripadvisor makes up about 0.7% of Rovida Advisors Inc.’s holdings, making the stock its 23rd biggest holding.

Other institutional investors have also recently bought and sold shares of the company. Atlantic Trust Group LLC lifted its position in shares of Tripadvisor by 8.0% during the 3rd quarter. Atlantic Trust Group LLC now owns 53,888 shares of the travel company’s stock worth $2,184,000 after buying an additional 4,013 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its position in shares of Tripadvisor by 12,501.8% during the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,377,381 shares of the travel company’s stock worth $55,825,000 after buying an additional 1,366,451 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Tripadvisor by 66.2% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,443 shares of the travel company’s stock worth $550,000 after buying an additional 5,356 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Tripadvisor during the 3rd quarter worth approximately $927,000. Finally, Janus Henderson Group PLC lifted its position in shares of Tripadvisor by 121.8% during the 2nd quarter. Janus Henderson Group PLC now owns 40,714 shares of the travel company’s stock worth $1,555,000 after buying an additional 22,356 shares in the last quarter. 90.32% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Tripadvisor Inc (TRIP) opened at $38.31 on Friday. 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 company has a market cap of $5,320.42, a P/E ratio of 81.51, a P/E/G ratio of 4.42 and a beta of 2.22. Tripadvisor Inc has a 1-year low of $29.50 and a 1-year high of $53.29.

In other Tripadvisor news, CFO Ernst 02494 Teunissen sold 9,457 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $40.00, for a total transaction of $378,280.00. Following the sale, the chief financial officer now owns 13,866 shares of the company’s stock, valued at approximately $554,640. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.09% of the company’s stock.

TRIP has been the topic of several recent analyst reports. Hilliard Lyons cut shares of Tripadvisor from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 8th. Zacks Investment Research raised shares of Tripadvisor from a “sell” rating to a “hold” rating in a research report on Friday, November 17th. Stifel Nicolaus dropped their target price on shares of Tripadvisor from $40.00 to $32.00 and set a “hold” rating on the stock in a research report on Wednesday, November 8th. Cowen reissued a “market perform” rating and set a $40.00 target price (up previously from $30.00) on shares of Tripadvisor in a research report on Monday, November 27th. Finally, Barclays dropped their target price on shares of Tripadvisor from $45.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 8th. Eight research analysts have rated the stock with a sell rating and eighteen have issued a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $39.42.

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Tripadvisor 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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