Principal Financial Group Inc. Boosts Stock Position in TripAdvisor, Inc. $TRIP

Principal Financial Group Inc. raised its holdings in TripAdvisor, Inc. (NASDAQ:TRIP) by 50.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 883,893 shares of the travel company’s stock after acquiring an additional 298,321 shares during the quarter. Principal Financial Group Inc. owned approximately 0.76% of TripAdvisor worth $14,372,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Ameriprise Financial Inc. boosted its stake in shares of TripAdvisor by 5.9% during the second quarter. Ameriprise Financial Inc. now owns 5,970,412 shares of the travel company’s stock valued at $77,915,000 after purchasing an additional 335,028 shares during the period. Certares Management LLC lifted its holdings in TripAdvisor by 177.3% during the 2nd quarter. Certares Management LLC now owns 4,751,818 shares of the travel company’s stock valued at $62,011,000 after buying an additional 3,037,959 shares in the last quarter. Geode Capital Management LLC lifted its holdings in TripAdvisor by 48.9% during the 2nd quarter. Geode Capital Management LLC now owns 2,837,654 shares of the travel company’s stock valued at $37,036,000 after buying an additional 931,283 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in TripAdvisor by 53.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,629,098 shares of the travel company’s stock valued at $34,310,000 after buying an additional 912,999 shares during the period. Finally, Federated Hermes Inc. boosted its position in TripAdvisor by 375.4% in the 2nd quarter. Federated Hermes Inc. now owns 2,137,374 shares of the travel company’s stock valued at $27,893,000 after buying an additional 1,687,816 shares during the period. 98.99% of the stock is currently owned by institutional investors.

TripAdvisor Trading Up 0.2%

TRIP opened at $12.83 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.21. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 1.25 and a beta of 1.01. TripAdvisor, Inc. has a 12 month low of $10.43 and a 12 month high of $20.16. The stock has a fifty day moving average price of $14.07 and a 200-day moving average price of $15.63.

Analyst Upgrades and Downgrades

TRIP has been the topic of a number of research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TripAdvisor in a research report on Monday, December 29th. B. Riley Financial dropped their price objective on TripAdvisor from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, November 10th. Mizuho set a $17.00 target price on TripAdvisor and gave the stock a “neutral” rating in a report on Friday, November 14th. Zacks Research raised TripAdvisor from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Finally, UBS Group decreased their price objective on TripAdvisor from $19.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $16.06.

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.