Tudor Investment Corp ET AL Acquires New Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Tudor Investment Corp ET AL bought a new position in shares of Tripadvisor, Inc. (NASDAQ:TRIP) during the fourth quarter, HoldingsChannel.com reports. The firm bought 84,725 shares of the travel company’s stock, valued at approximately $1,251,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TRIP. LPL Financial LLC increased its position in shares of Tripadvisor by 8.7% during the fourth quarter. LPL Financial LLC now owns 12,511 shares of the travel company’s stock worth $185,000 after acquiring an additional 997 shares during the period. Blue Trust Inc. increased its holdings in Tripadvisor by 204.4% during the 4th quarter. Blue Trust Inc. now owns 2,298 shares of the travel company’s stock worth $33,000 after purchasing an additional 1,543 shares during the period. Aster Capital Management DIFC Ltd raised its position in Tripadvisor by 83.8% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company’s stock valued at $50,000 after purchasing an additional 1,557 shares in the last quarter. Bogart Wealth LLC purchased a new position in shares of Tripadvisor in the 4th quarter valued at about $30,000. Finally, Sterling Capital Management LLC grew its position in shares of Tripadvisor by 55.5% during the fourth quarter. Sterling Capital Management LLC now owns 6,219 shares of the travel company’s stock worth $92,000 after buying an additional 2,219 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analyst Ratings Changes

TRIP has been the subject of a number of recent research reports. 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. StockNews.com raised shares of Tripadvisor from a “hold” rating to a “buy” rating in a research report on Monday, February 24th. B. Riley dropped their target price on Tripadvisor from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, March 10th. Mizuho raised Tripadvisor to a “hold” rating in a report on Friday, April 18th. Finally, UBS Group dropped their price objective on Tripadvisor from $18.00 to $15.00 and set a “neutral” rating on the stock in a report on Monday, April 28th. 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $17.14.

Tripadvisor Price Performance

Shares of NASDAQ TRIP opened at $12.73 on Tuesday. The stock has a market cap of $1.79 billion, a P/E ratio of 636.82, a P/E/G ratio of 9.01 and a beta of 1.25. Tripadvisor, Inc. has a twelve month low of $10.43 and a twelve month high of $26.08. The stock has a 50 day moving average of $13.18 and a two-hundred day moving average of $14.63. The company has a current ratio of 2.10, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93.

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

Tripadvisor Company 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.