683 Capital Management LLC purchased a new stake in Tripadvisor Inc (NASDAQ:TRIP) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 300,000 shares of the travel company’s stock, valued at approximately $12,159,000. Tripadvisor comprises approximately 1.3% of 683 Capital Management LLC’s portfolio, making the stock its 14th biggest position. 683 Capital Management LLC owned 0.22% of Tripadvisor as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Neuberger Berman Group LLC acquired a new stake in Tripadvisor in the 2nd quarter valued at about $19,979,000. Hosking Partners LLP lifted its holdings in Tripadvisor by 1.6% in the 2nd quarter. Hosking Partners LLP now owns 197,913 shares of the travel company’s stock valued at $7,560,000 after acquiring an additional 3,178 shares during the last quarter. Federated Investors Inc. PA lifted its holdings in Tripadvisor by 1,052.0% in the 2nd quarter. Federated Investors Inc. PA now owns 26,760 shares of the travel company’s stock valued at $1,022,000 after acquiring an additional 24,437 shares during the last quarter. State of Wisconsin Investment Board lifted its holdings in Tripadvisor by 22.7% in the 2nd quarter. State of Wisconsin Investment Board now owns 90,133 shares of the travel company’s stock valued at $3,443,000 after acquiring an additional 16,670 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD lifted its holdings in Tripadvisor by 12,501.8% in the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,377,381 shares of the travel company’s stock valued at $55,825,000 after acquiring an additional 1,366,451 shares during the last quarter. 88.76% of the stock is owned by institutional investors.
A number of equities research analysts have weighed in on the stock. Cowen reissued a “market perform” rating and issued a $40.00 price target (up from $30.00) on shares of Tripadvisor in a report on Monday, November 27th. Zacks Investment Research raised shares of Tripadvisor from a “sell” rating to a “hold” rating in a report on Friday, November 17th. Royal Bank of Canada cut their price target on shares of Tripadvisor from $38.00 to $34.00 and set a “sector perform” rating for the company in a report on Monday, November 13th. Jefferies Group reissued a “sell” rating and issued a $27.00 price target on shares of Tripadvisor in a report on Friday, November 10th. Finally, Hilliard Lyons downgraded Tripadvisor from a “buy” rating to a “neutral” rating in a report on Wednesday, November 8th. Seven analysts have rated the stock with a sell rating and twenty have assigned a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $39.44.
Shares of Tripadvisor Inc (TRIP) opened at $34.49 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.47 and a current ratio of 2.47. The stock has a market capitalization of $4,820.00, a PE ratio of 50.87, a price-to-earnings-growth ratio of 2.85 and a beta of 2.32. Tripadvisor Inc has a twelve month low of $29.50 and a twelve month high of $53.58.
Tripadvisor (NASDAQ:TRIP) last issued its earnings results on Monday, November 6th. The travel company reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.36. The company had revenue of $439.00 million for the quarter, compared to the consensus estimate of $451.27 million. Tripadvisor had a return on equity of 6.81% and a net margin of 4.26%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 EPS. equities analysts expect that Tripadvisor Inc will post 0.69 earnings per share for the current year.
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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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