ExodusPoint Capital Management LP Invests $5.17 Million in Tripadvisor, Inc. (NASDAQ:TRIP)

ExodusPoint Capital Management LP bought a new position in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 350,022 shares of the travel company's stock, valued at approximately $5,170,000. ExodusPoint Capital Management LP owned approximately 0.25% of Tripadvisor as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of TRIP. Bogart Wealth LLC acquired a new position in Tripadvisor during the fourth quarter worth $30,000. Blue Trust Inc. boosted its position in shares of Tripadvisor by 204.4% during the 4th quarter. Blue Trust Inc. now owns 2,298 shares of the travel company's stock valued at $33,000 after acquiring an additional 1,543 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Tripadvisor by 204.7% in the fourth quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company's stock valued at $54,000 after purchasing an additional 2,469 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Tripadvisor during the fourth quarter worth about $58,000. Finally, SRS Capital Advisors Inc. acquired a new stake in Tripadvisor during the fourth quarter worth about $71,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TRIP. UBS Group reissued a "neutral" rating on shares of Tripadvisor in a research note on Tuesday, February 4th. StockNews.com upgraded Tripadvisor from a "hold" rating to a "buy" rating in a report on Monday, February 24th. Cantor Fitzgerald cut their target price on Tripadvisor from $14.00 to $13.00 and set an "underweight" rating for the company in a research note on Friday, February 21st. JPMorgan Chase & Co. decreased their price target on Tripadvisor from $15.00 to $11.00 and set an "underweight" rating on the stock in a research note on Tuesday. Finally, Wedbush reiterated a "neutral" rating and set a $17.00 price target on shares of Tripadvisor in a report on Thursday, December 19th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $17.29.

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Tripadvisor Stock Up 1.6 %

Shares of NASDAQ TRIP traded up $0.18 during midday trading on Friday, hitting $11.62. The company's stock had a trading volume of 2,968,309 shares, compared to its average volume of 2,457,459. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.10 and a quick ratio of 1.85. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 581.29, a price-to-earnings-growth ratio of 9.01 and a beta of 1.25. The business's fifty day simple moving average is $14.71 and its two-hundred day simple moving average is $14.90. Tripadvisor, Inc. has a 1 year low of $10.43 and a 1 year high of $27.63.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last issued 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). The business had revenue of $411.00 million during the quarter, compared to analysts' expectations of $400.02 million. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. On average, equities analysts predict that Tripadvisor, Inc. will post 0.46 EPS for the current 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.