Quinn Opportunity Partners LLC Buys 85,006 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Quinn Opportunity Partners LLC grew its stake in Tripadvisor, Inc. (NASDAQ:TRIP) by 51.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 249,063 shares of the travel company’s stock after purchasing an additional 85,006 shares during the quarter. Quinn Opportunity Partners LLC owned about 0.18% of Tripadvisor worth $3,679,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TRIP. MassMutual Private Wealth & Trust FSB bought a new position in Tripadvisor in the fourth quarter worth $295,000. ExodusPoint Capital Management LP bought a new position in shares of Tripadvisor in the 4th quarter worth about $5,170,000. Ieq Capital LLC lifted its position in Tripadvisor by 391.1% during the 4th quarter. Ieq Capital LLC now owns 63,680 shares of the travel company’s stock valued at $941,000 after acquiring an additional 50,713 shares during the period. Janney Montgomery Scott LLC bought a new stake in Tripadvisor during the fourth quarter worth about $308,000. Finally, Confluence Investment Management LLC grew its holdings in Tripadvisor by 43.6% in the fourth quarter. Confluence Investment Management LLC now owns 233,858 shares of the travel company’s stock worth $3,454,000 after purchasing an additional 70,960 shares during the period. 98.99% of the stock is owned by hedge funds and other institutional investors.

Tripadvisor Stock Performance

Shares of NASDAQ TRIP opened at $11.44 on Friday. Tripadvisor, Inc. has a 12-month low of $10.43 and a 12-month high of $27.63. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 572.29, a price-to-earnings-growth ratio of 9.01 and a beta of 1.25. The company has a current ratio of 2.10, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. The firm has a 50 day moving average of $14.82 and a 200 day moving average of $14.92.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Thursday, February 20th. The travel company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.08). The business had revenue of $411.00 million for the quarter, compared to analysts’ expectations of $400.02 million. Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. On average, research analysts anticipate that Tripadvisor, Inc. will post 0.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TRIP shares. Cantor Fitzgerald lowered their price objective on Tripadvisor from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Friday, February 21st. StockNews.com upgraded Tripadvisor from a “hold” rating to a “buy” rating in a report on Monday, February 24th. DA Davidson reiterated a “neutral” rating and issued a $16.00 price target on shares of Tripadvisor in a research note on Thursday, February 20th. Wedbush restated a “neutral” rating and set a $17.00 price objective on shares of Tripadvisor in a research note on Thursday, December 19th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Tripadvisor from $15.00 to $11.00 and set an “underweight” rating on the stock in a research note on Tuesday. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $17.29.

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.