Arrowstreet Capital Limited Partnership Has $18.77 Million Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Arrowstreet Capital Limited Partnership raised its holdings in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 18.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,270,509 shares of the travel company's stock after acquiring an additional 197,456 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.91% of Tripadvisor worth $18,765,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. increased its stake in Tripadvisor by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,199,339 shares of the travel company's stock worth $17,378,000 after acquiring an additional 55,115 shares during the last quarter. Cerity Partners LLC raised its holdings in Tripadvisor by 154.1% in the third quarter. Cerity Partners LLC now owns 36,493 shares of the travel company's stock valued at $529,000 after acquiring an additional 22,133 shares in the last quarter. Verition Fund Management LLC acquired a new stake in shares of Tripadvisor in the 3rd quarter valued at about $714,000. Holocene Advisors LP bought a new position in Tripadvisor during the 3rd quarter worth approximately $2,745,000. Finally, Polar Asset Management Partners Inc. bought a new position in Tripadvisor during the third quarter worth $1,029,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TRIP shares. DA Davidson reissued a "neutral" rating and set a $16.00 price target on shares of Tripadvisor in a report on Thursday, February 20th. Wedbush reaffirmed a "neutral" rating and set a $17.00 price target on shares of Tripadvisor in a research note on Thursday, December 19th. UBS Group reaffirmed a "neutral" rating on shares of Tripadvisor in a research note on Tuesday, February 4th. B. Riley cut their target price on Tripadvisor from $20.00 to $18.00 and set a "neutral" rating on the stock in a research report on Monday, March 10th. Finally, StockNews.com upgraded shares of Tripadvisor from a "hold" rating to a "buy" rating in a research report on Monday, February 24th. 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. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $17.29.

Tripadvisor Stock Up 18.2 %

TRIP stock traded up $1.94 during midday trading on Wednesday, hitting $12.61. The company's stock had a trading volume of 4,752,326 shares, compared to its average volume of 2,441,380. Tripadvisor, Inc. has a twelve month low of $10.43 and a twelve month high of $27.63. The stock has a market capitalization of $1.77 billion, a P/E ratio of 630.82, a PEG ratio of 9.01 and a beta of 1.25. 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 company's fifty day moving average price is $14.94 and its 200 day moving average price is $14.94.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last issued its 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 return on equity of 9.02% and a net margin of 0.33%. The business had revenue of $411.00 million for the quarter, compared to the consensus estimate of $400.02 million. As a group, equities research 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.