Entropy Technologies LP Sells 1,103 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Entropy Technologies LP lowered its holdings in Tripadvisor, Inc. (NASDAQ:TRIP) by 4.9% in the 4th quarter, Holdings Channel reports. The firm owned 21,416 shares of the travel company’s stock after selling 1,103 shares during the period. Entropy Technologies LP’s holdings in Tripadvisor were worth $316,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Empowered Funds LLC purchased a new position in shares of Tripadvisor in the fourth quarter worth $174,000. Blue Trust Inc. raised its stake in shares of Tripadvisor by 204.4% in the fourth quarter. Blue Trust Inc. now owns 2,298 shares of the travel company’s stock worth $33,000 after purchasing an additional 1,543 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Tripadvisor in the fourth quarter worth $308,000. SG Americas Securities LLC raised its stake in shares of Tripadvisor by 679.5% in the fourth quarter. SG Americas Securities LLC now owns 738,731 shares of the travel company’s stock worth $10,911,000 after purchasing an additional 643,963 shares during the last quarter. Finally, Dakota Wealth Management purchased a new position in shares of Tripadvisor in the fourth quarter worth $1,053,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Wall Street Analyst Weigh In

TRIP has been the subject of several recent analyst reports. UBS Group decreased their price target on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. StockNews.com cut Tripadvisor from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. TD Cowen upped their price objective on Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Wedbush reiterated a “neutral” rating and set a $17.00 price objective on shares of Tripadvisor in a research report on Thursday, December 19th. Finally, Cantor Fitzgerald reduced their price objective on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research report on Thursday, November 7th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Tripadvisor presently has an average rating of “Hold” and a consensus price target of $17.50.

Tripadvisor Stock Performance

NASDAQ TRIP opened at $17.75 on Friday. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 77.18, a price-to-earnings-growth ratio of 9.54 and a beta of 1.34. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.93. The business has a 50-day moving average price of $15.60 and a 200-day moving average price of $15.00. Tripadvisor, Inc. has a twelve month low of $12.93 and a twelve month high of $28.76.

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.