Aquatic Capital Management LLC Has $1.25 Million Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Aquatic Capital Management LLC cut its position in Tripadvisor, Inc. (NASDAQ:TRIP) by 57.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,294 shares of the travel company’s stock after selling 115,406 shares during the quarter. Aquatic Capital Management LLC owned 0.06% of Tripadvisor worth $1,245,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TRIP. Virtu Financial LLC acquired a new position in shares of Tripadvisor in the 3rd quarter valued at approximately $201,000. Confluence Investment Management LLC raised its position in shares of Tripadvisor by 43.6% in the 4th quarter. Confluence Investment Management LLC now owns 233,858 shares of the travel company’s stock valued at $3,454,000 after buying an additional 70,960 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Tripadvisor by 204.7% in the 4th quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company’s stock valued at $54,000 after buying an additional 2,469 shares in the last quarter. First Hawaiian Bank raised its position in shares of Tripadvisor by 186.3% in the 4th quarter. First Hawaiian Bank now owns 34,671 shares of the travel company’s stock valued at $512,000 after buying an additional 22,563 shares in the last quarter. Finally, Gilman Hill Asset Management LLC acquired a new position in shares of Tripadvisor in the 4th quarter valued at approximately $3,632,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TRIP has been the subject of a number of research analyst reports. DA Davidson reiterated a “neutral” rating and set a $16.00 price objective on shares of Tripadvisor in a research report on Thursday, February 20th. JPMorgan Chase & Co. lowered their price objective on shares of Tripadvisor from $15.00 to $11.00 and set an “underweight” rating for the company in a research report on Tuesday, April 8th. StockNews.com upgraded shares of Tripadvisor from a “hold” rating to a “buy” rating in a research report on Monday, February 24th. Cantor Fitzgerald lowered their price objective on shares of Tripadvisor from $14.00 to $13.00 and set an “underweight” rating for the company in a research report on Friday, February 21st. Finally, B. Riley lowered their price objective on shares of Tripadvisor from $20.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, March 10th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $17.14.

Tripadvisor Stock Down 0.9 %

TRIP opened at $12.71 on Wednesday. The business’s fifty day simple moving average is $13.37 and its 200 day simple moving average is $14.70. Tripadvisor, Inc. has a 52 week low of $10.43 and a 52 week high of $27.10. The stock has a market cap of $1.78 billion, a PE ratio of 635.82, a P/E/G ratio of 9.01 and a beta of 1.25. The company has a quick ratio of 1.85, a current ratio of 2.10 and a debt-to-equity ratio of 0.93.

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

Tripadvisor Profile

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.