Jennison Associates LLC Acquires New Position in TripAdvisor, Inc. $TRIP

Jennison Associates LLC acquired a new stake in TripAdvisor, Inc. (NASDAQ:TRIP) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 50,673 shares of the travel company’s stock, valued at approximately $738,000.

A number of other institutional investors have also bought and sold shares of the business. New York State Teachers Retirement System grew its position in shares of TripAdvisor by 0.5% in the third quarter. New York State Teachers Retirement System now owns 130,686 shares of the travel company’s stock valued at $2,125,000 after purchasing an additional 624 shares in the last quarter. Essex Investment Management Co. LLC lifted its position in TripAdvisor by 75.7% during the third quarter. Essex Investment Management Co. LLC now owns 1,523 shares of the travel company’s stock worth $25,000 after buying an additional 656 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in TripAdvisor by 4.3% during the third quarter. Nisa Investment Advisors LLC now owns 15,998 shares of the travel company’s stock worth $260,000 after buying an additional 663 shares in the last quarter. Covestor Ltd boosted its stake in TripAdvisor by 64.8% during the third quarter. Covestor Ltd now owns 1,770 shares of the travel company’s stock worth $29,000 after buying an additional 696 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in TripAdvisor by 39.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 2,482 shares of the travel company’s stock valued at $42,000 after buying an additional 705 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

TripAdvisor Price Performance

TRIP stock opened at $11.56 on Monday. TripAdvisor, Inc. has a 52-week low of $9.01 and a 52-week high of $20.16. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.33. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 38.53, a price-to-earnings-growth ratio of 2.25 and a beta of 0.91. The business has a fifty day moving average of $10.46 and a two-hundred day moving average of $12.95.

TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Thursday, February 12th. The travel company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.11). The business had revenue of $411.00 million during the quarter, compared to analyst estimates of $412.53 million. TripAdvisor had a net margin of 2.12% and a return on equity of 10.67%. The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same period last year, the company earned $0.30 EPS. As a group, research analysts anticipate that TripAdvisor, Inc. will post 0.64 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on TRIP. UBS Group cut their target price on TripAdvisor from $16.00 to $13.70 and set a “neutral” rating for the company in a research note on Monday, April 27th. DA Davidson lowered their price target on shares of TripAdvisor from $16.25 to $11.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 17th. Cantor Fitzgerald set a $10.00 price objective on shares of TripAdvisor and gave the company an “underweight” rating in a report on Friday, February 13th. Zacks Research cut shares of TripAdvisor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Finally, Wedbush reduced their target price on shares of TripAdvisor from $15.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, February 13th. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, TripAdvisor presently has a consensus rating of “Reduce” and an average price target of $14.51.

About TripAdvisor

TripAdvisor (NASDAQ:TRIP) is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company’s flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor’s offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.