Blueshift Asset Management LLC Grows Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Blueshift Asset Management LLC lifted its position in Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 595.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 143,435 shares of the travel company's stock after purchasing an additional 122,803 shares during the quarter. Tripadvisor comprises 0.8% of Blueshift Asset Management LLC's holdings, making the stock its 17th largest position. Blueshift Asset Management LLC owned approximately 0.10% of Tripadvisor worth $2,119,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. grew its position in Tripadvisor by 167.6% during the 3rd quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company's stock worth $73,431,000 after purchasing an additional 3,173,817 shares during the period. SG Americas Securities LLC boosted its stake in shares of Tripadvisor by 679.5% in the fourth quarter. SG Americas Securities LLC now owns 738,731 shares of the travel company's stock worth $10,911,000 after buying an additional 643,963 shares during the last quarter. Lightrock Netherlands B.V. acquired a new stake in Tripadvisor during the fourth quarter worth about $7,607,000. Boussard & Gavaudan Investment Management LLP acquired a new position in Tripadvisor in the third quarter valued at approximately $5,159,000. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Tripadvisor by 15.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,566,342 shares of the travel company's stock valued at $37,186,000 after acquiring an additional 334,961 shares during the period. Institutional investors and hedge funds own 98.99% of the company's stock.

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Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TRIP. UBS Group reaffirmed a "neutral" rating on shares of Tripadvisor in a research note on Tuesday, February 4th. DA Davidson restated a "neutral" rating and set a $16.00 price target on shares of Tripadvisor in a research report on Thursday, February 20th. JPMorgan Chase & Co. upped their price objective on shares of Tripadvisor from $14.00 to $15.00 and gave the stock an "underweight" rating in a research report on Friday, February 21st. StockNews.com upgraded Tripadvisor from a "hold" rating to a "buy" rating in a research report on Monday, February 24th. Finally, Wedbush reaffirmed a "neutral" rating and issued a $17.00 price target on shares of Tripadvisor in a report on Thursday, December 19th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Tripadvisor presently has a consensus rating of "Hold" and a consensus target price of $17.57.

Tripadvisor Price Performance

TRIP traded up $0.12 on Monday, hitting $15.01. 2,652,014 shares of the company's stock were exchanged, compared to its average volume of 2,324,198. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 750.88, a P/E/G ratio of 9.01 and a beta of 1.35. Tripadvisor, Inc. has a fifty-two week low of $12.93 and a fifty-two week high of $28.64. The firm has a 50-day moving average price of $15.93 and a 200-day moving average price of $15.03. The company has a current ratio of 2.10, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last released 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 return on equity of 9.02% and a net margin of 0.33%. The company had revenue of $411.00 million for the quarter, compared to analyst estimates of $400.02 million. As a group, equities analysts anticipate that Tripadvisor, Inc. will post 0.46 earnings per share 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.