Dark Forest Capital Management LP Buys New Shares in Tripadvisor, Inc. (NASDAQ:TRIP)

Dark Forest Capital Management LP purchased a new position in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 41,988 shares of the travel company's stock, valued at approximately $620,000.

A number of other hedge funds also recently bought and sold shares of TRIP. Van Lanschot Kempen Investment Management N.V. increased its stake in shares of Tripadvisor by 8.7% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,587,902 shares of the travel company's stock worth $38,223,000 after buying an additional 208,173 shares during the period. Dimensional Fund Advisors LP grew its holdings in Tripadvisor by 20.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,633,866 shares of the travel company's stock worth $53,674,000 after acquiring an additional 615,519 shares in the last quarter. Barclays PLC increased its position in shares of Tripadvisor by 22.3% in the 4th quarter. Barclays PLC now owns 70,970 shares of the travel company's stock valued at $1,049,000 after purchasing an additional 12,946 shares during the last quarter. Toronado Partners LLC purchased a new stake in shares of Tripadvisor during the 4th quarter worth $10,533,000. Finally, Sterling Capital Management LLC grew its stake in shares of Tripadvisor by 55.5% during the fourth quarter. Sterling Capital Management LLC now owns 6,219 shares of the travel company's stock worth $92,000 after purchasing an additional 2,219 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company's stock.

Tripadvisor Price Performance

Shares of TRIP opened at $12.73 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 2.10. Tripadvisor, Inc. has a fifty-two week low of $10.43 and a fifty-two week high of $27.63. The firm has a 50-day simple moving average of $13.54 and a 200-day simple moving average of $14.72. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 636.82, a price-to-earnings-growth ratio of 9.01 and a beta of 1.25.

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Mizuho upgraded Tripadvisor to a "hold" rating in a research note on Friday, April 18th. B. Riley decreased their target price on Tripadvisor from $20.00 to $18.00 and set a "neutral" rating for the company in a research note on Monday, March 10th. JPMorgan Chase & Co. dropped their price target on shares of Tripadvisor from $15.00 to $11.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. StockNews.com upgraded shares of Tripadvisor from a "hold" rating to a "buy" rating in a research report on Monday, February 24th. Finally, UBS Group restated a "neutral" rating on shares of Tripadvisor in a report on Tuesday, February 4th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $17.29.

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.

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