Tripadvisor, Inc. (NASDAQ:TRIP) Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership increased its stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 18.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,270,509 shares of the travel company's stock after purchasing an additional 197,456 shares during the period. Arrowstreet Capital Limited Partnership owned 0.91% of Tripadvisor worth $18,765,000 as of its most recent filing with the Securities & Exchange Commission.

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

Tripadvisor Stock Down 9.9 %

NASDAQ:TRIP traded down $1.29 during midday trading on Friday, reaching $11.69. The company had a trading volume of 4,586,685 shares, compared to its average volume of 2,414,559. Tripadvisor, Inc. has a 12-month low of $11.49 and a 12-month high of $27.63. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 584.79, a PEG ratio of 9.01 and a beta of 1.25. The company has a current ratio of 2.10, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. The stock's fifty day simple moving average is $15.55 and its 200-day simple moving average is $15.05.

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Tripadvisor (NASDAQ:TRIP - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The travel company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.08). Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. The firm had revenue of $411.00 million during the quarter, compared to analyst estimates of $400.02 million. On average, sell-side analysts anticipate that Tripadvisor, Inc. will post 0.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TRIP shares. JPMorgan Chase & Co. boosted their target price on Tripadvisor from $14.00 to $15.00 and gave the stock an "underweight" rating in a report on Friday, February 21st. UBS Group reissued a "neutral" rating on shares of Tripadvisor in a research note on Tuesday, February 4th. StockNews.com raised Tripadvisor from a "hold" rating to a "buy" rating in a research note on Monday, February 24th. Cantor Fitzgerald lowered their price target on shares of Tripadvisor from $14.00 to $13.00 and set an "underweight" rating on the stock in a research report on Friday, February 21st. Finally, B. Riley reduced their price target on shares of Tripadvisor from $20.00 to $18.00 and set a "neutral" rating on the stock in a research report on Monday, March 10th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $17.57.

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.