Lightrock Netherlands B.V. Buys Shares of 512,466 Tripadvisor, Inc. (NASDAQ:TRIP)

Lightrock Netherlands B.V. purchased a new position in Tripadvisor, Inc. (NASDAQ:TRIP) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 512,466 shares of the travel company’s stock, valued at approximately $7,607,000. Tripadvisor comprises approximately 2.7% of Lightrock Netherlands B.V.’s investment portfolio, making the stock its 18th largest position.

A number of other institutional investors have also made changes to their positions in the stock. True Wealth Design LLC acquired a new position in Tripadvisor in the third quarter valued at about $27,000. Capital Performance Advisors LLP bought a new stake in shares of Tripadvisor in the 3rd quarter valued at about $28,000. Blue Trust Inc. raised its position in shares of Tripadvisor by 204.4% in the 4th quarter. Blue Trust Inc. now owns 2,298 shares of the travel company’s stock valued at $33,000 after acquiring an additional 1,543 shares during the period. GAMMA Investing LLC boosted its stake in Tripadvisor by 204.7% during the 4th quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company’s stock worth $54,000 after acquiring an additional 2,469 shares during the last quarter. Finally, KBC Group NV grew its holdings in Tripadvisor by 65.3% during the third quarter. KBC Group NV now owns 4,499 shares of the travel company’s stock valued at $65,000 after purchasing an additional 1,777 shares during the period. 98.99% of the stock is owned by institutional investors and hedge funds.

Tripadvisor Stock Up 0.7 %

Shares of TRIP stock opened at $18.41 on Tuesday. The firm’s fifty day moving average price is $15.39 and its two-hundred day moving average price is $14.96. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. Tripadvisor, Inc. has a 1 year low of $12.93 and a 1 year high of $28.76. The firm has a market capitalization of $2.57 billion, a P/E ratio of 80.05, a PEG ratio of 9.54 and a beta of 1.34.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TRIP. DA Davidson reiterated a “neutral” rating and issued a $16.00 target price on shares of Tripadvisor in a report on Thursday, December 19th. B. Riley raised their price objective on Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. StockNews.com lowered Tripadvisor from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. TD Cowen increased their price target on Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Finally, UBS Group cut their price objective on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Tripadvisor presently has a consensus rating of “Hold” and an average price target of $17.50.

About Tripadvisor

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.