Boothbay Fund Management LLC purchased a new position in shares of Tripadvisor Inc (NASDAQ:TRIP) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,385 shares of the travel company’s stock, valued at approximately $340,000.
A number of other institutional investors and hedge funds have also bought and sold shares of TRIP. FNY Managed Accounts LLC purchased a new position in Tripadvisor during the third quarter worth about $101,000. D.A. Davidson & CO. raised its stake in shares of Tripadvisor by 957.0% in the 3rd quarter. D.A. Davidson & CO. now owns 5,655 shares of the travel company’s stock valued at $229,000 after acquiring an additional 5,120 shares during the period. BlueMountain Capital Management LLC purchased a new stake in shares of Tripadvisor in the 2nd quarter valued at approximately $242,000. Cutter & CO Brokerage Inc. raised its stake in shares of Tripadvisor by 0.5% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 6,520 shares of the travel company’s stock valued at $249,000 after acquiring an additional 30 shares during the period. Finally, Westfield Capital Management Co. LP purchased a new stake in shares of Tripadvisor in the 2nd quarter valued at approximately $252,000. Hedge funds and other institutional investors own 88.76% of the company’s stock.
Tripadvisor Inc (TRIP) opened at $35.32 on Tuesday. The company has a market cap of $4,791.29, a price-to-earnings ratio of 50.00, a price-to-earnings-growth ratio of 2.80 and a beta of 2.32. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.47 and a current ratio of 2.47. Tripadvisor Inc has a 12-month low of $29.50 and a 12-month high of $53.58.
Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Monday, November 6th. The travel company reported $0.36 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.36. The company had revenue of $439.00 million during the quarter, compared to the consensus estimate of $451.27 million. Tripadvisor had a net margin of 4.26% and a return on equity of 6.81%. Tripadvisor’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 EPS. sell-side analysts expect that Tripadvisor Inc will post 0.69 earnings per share for the current year.
TRIP has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Tripadvisor from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Royal Bank of Canada reaffirmed a “hold” rating and set a $38.00 target price on shares of Tripadvisor in a research note on Friday, November 3rd. Jefferies Group reaffirmed a “sell” rating and set a $35.00 target price on shares of Tripadvisor in a research note on Tuesday, October 31st. Wells Fargo & Company reiterated a “market perform” rating and set a $33.00 price target (down previously from $42.00) on shares of Tripadvisor in a report on Wednesday, November 8th. Finally, Deutsche Bank lowered their price target on shares of Tripadvisor from $40.00 to $37.00 and set a “hold” rating for the company in a report on Tuesday, October 24th. Seven investment analysts have rated the stock with a sell rating and twenty have given a hold rating to the stock. The company has an average rating of “Hold” and an average price target of $39.44.
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Tripadvisor Company Profile
TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.
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