Federated Hermes Inc. Reduces Holdings in TripAdvisor, Inc. $TRIP

Federated Hermes Inc. lowered its position in TripAdvisor, Inc. (NASDAQ:TRIP) by 7.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,987,239 shares of the travel company’s stock after selling 150,135 shares during the quarter. Federated Hermes Inc.’s holdings in TripAdvisor were worth $32,313,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. New York State Teachers Retirement System lifted its stake in shares of TripAdvisor by 0.5% in the third quarter. New York State Teachers Retirement System now owns 130,686 shares of the travel company’s stock worth $2,125,000 after acquiring an additional 624 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in TripAdvisor by 4.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 15,998 shares of the travel company’s stock worth $260,000 after purchasing an additional 663 shares during the last quarter. Covestor Ltd raised its position in shares of 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 in the last quarter. Penserra Capital Management LLC raised its position in shares of TripAdvisor by 0.3% in the 2nd quarter. Penserra Capital Management LLC now owns 240,847 shares of the travel company’s stock valued at $3,143,000 after purchasing an additional 745 shares in the last quarter. Finally, Brown Miller Wealth Management LLC boosted its stake in shares of TripAdvisor by 6.8% during the 2nd quarter. Brown Miller Wealth Management LLC now owns 12,322 shares of the travel company’s stock valued at $161,000 after buying an additional 781 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TRIP has been the subject of a number of research analyst reports. Cantor Fitzgerald dropped their price target on shares of TripAdvisor from $15.00 to $14.00 and set an “underweight” rating for the company in a research note on Thursday, January 8th. Barclays decreased their price objective on shares of TripAdvisor from $14.00 to $13.00 and set an “underweight” rating for the company in a report on Friday, November 7th. Sanford C. Bernstein restated an “outperform” rating and issued a $20.00 target price on shares of TripAdvisor in a research note on Friday, November 7th. B. Riley decreased their price target on TripAdvisor from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Finally, Zacks Research raised TripAdvisor from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $16.34.

TripAdvisor Trading Down 1.0%

TripAdvisor stock opened at $13.29 on Friday. TripAdvisor, Inc. has a 1 year low of $10.43 and a 1 year high of $20.16. The firm’s 50-day moving average is $14.38 and its 200-day moving average is $15.91. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market cap of $1.55 billion, a P/E ratio of 20.77, a PEG ratio of 1.32 and a beta of 0.99.

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings data on Thursday, November 6th. The travel company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.07. TripAdvisor had a net margin of 4.23% and a return on equity of 14.77%. The firm had revenue of $553.00 million for the quarter, compared to analyst estimates of $562.92 million. During the same quarter in the prior year, the business earned $0.50 earnings per share. TripAdvisor’s quarterly revenue was up 3.9% on a year-over-year basis. On average, equities analysts expect that TripAdvisor, Inc. will post 0.46 earnings per share for the current year.

TripAdvisor Profile

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.