Clark Estates Inc. NY acquired a new position in Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 216,580 shares of the travel company's stock, valued at approximately $3,138,000. Clark Estates Inc. NY owned 0.16% of Tripadvisor as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in TRIP. Boston Partners purchased a new position in Tripadvisor during the first quarter valued at $131,887,000. Pacer Advisors Inc. boosted its holdings in shares of Tripadvisor by 167.6% during the 3rd 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 last quarter. Jupiter Asset Management Ltd. grew its position in shares of Tripadvisor by 1,150.2% during the second quarter. Jupiter Asset Management Ltd. now owns 1,684,505 shares of the travel company's stock valued at $30,001,000 after purchasing an additional 1,549,761 shares in the last quarter. River Road Asset Management LLC increased its holdings in shares of Tripadvisor by 33.3% in the third quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company's stock worth $53,179,000 after purchasing an additional 917,689 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Tripadvisor by 53.0% in the second quarter. AQR Capital Management LLC now owns 2,375,868 shares of the travel company's stock worth $41,364,000 after buying an additional 822,712 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company's stock.
Tripadvisor Trading Up 1.6 %
TRIP stock traded up $0.22 during mid-day trading on Wednesday, reaching $14.10. The company had a trading volume of 1,416,061 shares, compared to its average volume of 2,324,080. The firm has a 50 day moving average of $14.85 and a 200 day moving average of $15.99. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.85 and a quick ratio of 1.85. Tripadvisor, Inc. has a 12 month low of $12.93 and a 12 month high of $28.76. The company has a market capitalization of $1.96 billion, a PE ratio of 60.70, a price-to-earnings-growth ratio of 9.92 and a beta of 1.37.
Tripadvisor (NASDAQ:TRIP - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The travel company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.44 by $0.06. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. The company had revenue of $532.00 million for the quarter, compared to the consensus estimate of $527.86 million. During the same period last year, the business posted $0.35 EPS. Tripadvisor's quarterly revenue was down .2% on a year-over-year basis. On average, equities analysts predict that Tripadvisor, Inc. will post 0.36 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts have issued reports on TRIP shares. Citigroup reduced their price objective on Tripadvisor from $20.00 to $16.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 24th. Truist Financial decreased their price target on shares of Tripadvisor from $21.00 to $17.00 and set a "hold" rating on the stock in a research note on Wednesday, September 4th. StockNews.com downgraded shares of Tripadvisor from a "buy" rating to a "hold" rating in a report on Friday, November 8th. The Goldman Sachs Group lowered their price target on shares of Tripadvisor from $27.00 to $24.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Finally, DA Davidson reduced their price objective on Tripadvisor from $20.00 to $16.00 and set a "neutral" rating on the stock in a research note on Monday, August 12th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Tripadvisor presently has an average rating of "Hold" and a consensus target price of $18.33.
Check Out Our Latest Stock Analysis on Tripadvisor
Tripadvisor Profile
(
Free Report)
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.
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