Boussard & Gavaudan Investment Management LLP Buys Shares of 355,688 Tripadvisor, Inc. (NASDAQ:TRIP)

Boussard & Gavaudan Investment Management LLP purchased a new position in Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 355,688 shares of the travel company's stock, valued at approximately $5,159,000. Boussard & Gavaudan Investment Management LLP owned about 0.26% of Tripadvisor as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in TRIP. Fifth Third Bancorp increased its position in shares of Tripadvisor by 104.1% in the second quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company's stock valued at $30,000 after acquiring an additional 846 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of Tripadvisor in the third quarter valued at about $28,000. Quest Partners LLC increased its position in shares of Tripadvisor by 14,244.4% in the second quarter. Quest Partners LLC now owns 2,582 shares of the travel company's stock valued at $46,000 after acquiring an additional 2,564 shares during the period. Future Financial Wealth Managment LLC purchased a new position in shares of Tripadvisor in the third quarter valued at about $43,000. Finally, Gladius Capital Management LP purchased a new position in shares of Tripadvisor in the second quarter valued at about $79,000. 98.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TRIP. UBS Group decreased their price objective on shares of Tripadvisor from $18.00 to $17.00 and set a "neutral" rating on the stock in a research report on Thursday, November 7th. Cantor Fitzgerald decreased their price objective on shares of Tripadvisor from $12.00 to $11.00 and set an "underweight" rating on the stock in a research report on Thursday, November 7th. TD Cowen boosted their price objective on shares of Tripadvisor from $15.00 to $20.00 and gave the company a "hold" rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. reduced their price target on shares of Tripadvisor from $17.00 to $14.00 and set an "underweight" rating on the stock in a research report on Wednesday, August 7th. Finally, Wedbush reiterated a "neutral" rating and set a $17.00 price target (up previously from $16.00) on shares of Tripadvisor in a research report on Thursday, November 7th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Tripadvisor presently has an average rating of "Hold" and a consensus price target of $18.33.

Tripadvisor Stock Up 1.6 %

Shares of NASDAQ TRIP traded up $0.22 during midday trading on Thursday, hitting $14.10. The stock had a trading volume of 1,417,061 shares, compared to its average volume of 2,324,080. The business's 50 day moving average is $14.85 and its 200-day moving average is $15.98. The company has a market cap of $1.96 billion, a P/E ratio of 61.31, a PEG ratio of 9.92 and a beta of 1.37. Tripadvisor, Inc. has a 52 week low of $12.93 and a 52 week high of $28.76. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.93.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.06. The company had revenue of $532.00 million for the quarter, compared to the consensus estimate of $527.86 million. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. The firm's revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.35 earnings per share. As a group, analysts predict that Tripadvisor, Inc. will post 0.36 EPS for the current year.

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.