National Bank of Canada FI Has $862,000 Stock Position in Tripadvisor, Inc. (NASDAQ:TRIP)

National Bank of Canada FI increased its position in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 31.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,455 shares of the travel company’s stock after acquiring an additional 14,129 shares during the quarter. National Bank of Canada FI’s holdings in Tripadvisor were worth $862,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in TRIP. U S Global Investors Inc. raised its holdings in Tripadvisor by 71.8% during the 3rd quarter. U S Global Investors Inc. now owns 1,512,548 shares of the travel company’s stock worth $21,917,000 after purchasing an additional 632,353 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Tripadvisor by 406.7% during the second quarter. Assenagon Asset Management S.A. now owns 736,625 shares of the travel company’s stock worth $13,119,000 after buying an additional 591,251 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Tripadvisor by 214.8% during the second quarter. Victory Capital Management Inc. now owns 176,180 shares of the travel company’s stock worth $3,138,000 after buying an additional 120,209 shares during the last quarter. Boussard & Gavaudan Investment Management LLP acquired a new position in Tripadvisor in the third quarter valued at approximately $5,159,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Tripadvisor by 4.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,199,339 shares of the travel company’s stock valued at $17,378,000 after acquiring an additional 55,115 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Tripadvisor Stock Performance

Shares of TRIP stock opened at $13.77 on Friday. Tripadvisor, Inc. has a 12 month low of $12.93 and a 12 month high of $28.76. The company’s fifty day simple moving average is $14.74 and its 200-day simple moving average is $15.62. The firm has a market cap of $1.92 billion, a PE ratio of 59.87, a P/E/G ratio of 9.35 and a beta of 1.36. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.93.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.44 by $0.06. The firm 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 company’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 EPS. Equities research analysts expect that Tripadvisor, Inc. will post 0.37 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on TRIP. UBS Group dropped their target price on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. StockNews.com cut Tripadvisor from a “buy” rating to a “hold” rating in a research note on Saturday. Wedbush reissued a “neutral” rating and set a $17.00 price objective (up previously from $16.00) on shares of Tripadvisor in a research note on Thursday, November 7th. TD Cowen upped their target price on shares of Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. Finally, Truist Financial reduced their price target on shares of Tripadvisor from $21.00 to $17.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Tripadvisor presently has a consensus rating of “Hold” and a consensus target price of $18.33.

Tripadvisor Company Profile

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.