683 Capital Management LLC Takes Position in Tripadvisor Inc (TRIP)

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.

TRADEMARK VIOLATION NOTICE: “683 Capital Management LLC Takes Position in Tripadvisor Inc (TRIP)” was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this news story on another website, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this news story can be read at https://www.dispatchtribunal.com/2017/12/15/683-capital-management-llc-takes-position-in-tripadvisor-inc-trip.html.

Tripadvisor 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.

Want to see what other hedge funds are holding TRIP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tripadvisor Inc (NASDAQ:TRIP).

Institutional Ownership by Quarter for Tripadvisor (NASDAQ:TRIP)

Receive News & Ratings for Tripadvisor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tripadvisor and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply