Assenagon Asset Management S.A. Has $163,000 Stock Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Assenagon Asset Management S.A. lessened its position in Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 98.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,007 shares of the travel company's stock after selling 761,585 shares during the period. Assenagon Asset Management S.A.'s holdings in Tripadvisor were worth $163,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. increased its stake in shares of Tripadvisor by 167.6% in the third quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company's stock valued at $73,431,000 after purchasing an additional 3,173,817 shares during the period. River Road Asset Management LLC grew its holdings in Tripadvisor by 33.3% in the 3rd quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company's stock worth $53,179,000 after buying an additional 917,689 shares in the last quarter. AQR Capital Management LLC increased its position in Tripadvisor by 53.0% in the 2nd quarter. AQR Capital Management LLC now owns 2,375,868 shares of the travel company's stock valued at $41,364,000 after acquiring an additional 822,712 shares during the period. U S Global Investors Inc. raised its stake in Tripadvisor by 71.8% during the 3rd quarter. U S Global Investors Inc. now owns 1,512,548 shares of the travel company's stock valued at $21,917,000 after acquiring an additional 632,353 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in Tripadvisor by 883.4% during the 2nd quarter. Marshall Wace LLP now owns 653,436 shares of the travel company's stock worth $11,638,000 after acquiring an additional 586,990 shares during the period. 98.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TRIP has been the topic of a number of research analyst reports. Cantor Fitzgerald lowered their price target on Tripadvisor from $12.00 to $11.00 and set an "underweight" rating on the stock in a report on Thursday, November 7th. B. Riley boosted their price target on shares of Tripadvisor from $19.00 to $20.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. UBS Group decreased their price objective on shares of Tripadvisor from $18.00 to $17.00 and set a "neutral" rating for the company in a report on Thursday, November 7th. TD Cowen upped their target price on Tripadvisor from $15.00 to $20.00 and gave the stock a "hold" rating in a research report on Thursday, November 7th. Finally, StockNews.com cut Tripadvisor from a "buy" rating to a "hold" rating in a research report on Thursday, January 9th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Tripadvisor presently has a consensus rating of "Hold" and an average price target of $17.50.

Tripadvisor Trading Down 1.5 %

Shares of NASDAQ:TRIP traded down $0.27 during mid-day trading on Friday, hitting $17.66. The stock had a trading volume of 3,817,380 shares, compared to its average volume of 1,917,552. The company's 50 day moving average is $14.56 and its 200-day moving average is $14.99. Tripadvisor, Inc. has a 12-month low of $12.93 and a 12-month high of $28.76. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market cap of $2.46 billion, a PE ratio of 76.79, a P/E/G ratio of 8.59 and a beta of 1.33.

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