Dynamic Technology Lab Private Ltd Lowers Holdings in Tripadvisor, Inc. (NASDAQ:TRIP)

Dynamic Technology Lab Private Ltd reduced its stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 55.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,250 shares of the travel company's stock after selling 72,187 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Tripadvisor were worth $844,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Tidal Investments LLC bought a new stake in Tripadvisor during the 1st quarter valued at about $4,638,000. Boston Partners bought a new stake in shares of Tripadvisor during the first quarter valued at approximately $131,887,000. DekaBank Deutsche Girozentrale boosted its holdings in shares of Tripadvisor by 9,356.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 195,467 shares of the travel company's stock valued at $5,477,000 after purchasing an additional 193,400 shares during the period. U S Global Investors Inc. boosted its holdings in shares of Tripadvisor by 71.8% in the third quarter. U S Global Investors Inc. now owns 1,512,548 shares of the travel company's stock valued at $21,917,000 after purchasing an additional 632,353 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in Tripadvisor by 406.7% in the second quarter. Assenagon Asset Management S.A. now owns 736,625 shares of the travel company's stock worth $13,119,000 after purchasing an additional 591,251 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors.

Tripadvisor Stock Up 1.6 %

NASDAQ:TRIP traded up $0.22 during mid-day trading on Thursday, hitting $14.10. 1,417,061 shares of the company's stock traded hands, compared to its average volume of 2,324,080. The company has a fifty day moving average of $14.85 and a 200 day moving average of $15.98. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85. Tripadvisor, Inc. has a twelve month low of $12.93 and a twelve month high of $28.76. The company has a market capitalization of $1.96 billion, a P/E ratio of 61.31, a P/E/G ratio of 9.92 and a beta of 1.37.

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TRIP shares. Cantor Fitzgerald decreased their target price on Tripadvisor from $12.00 to $11.00 and set an "underweight" rating for the company in a research report on Thursday, November 7th. BTIG Research decreased their price objective on Tripadvisor from $25.00 to $20.00 and set a "buy" rating for the company in a report on Wednesday, August 7th. TD Cowen increased their target price on shares of Tripadvisor from $15.00 to $20.00 and gave the stock a "hold" rating 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 company a "neutral" rating in a report on Thursday, November 7th. Finally, Truist Financial lowered their price target on shares of Tripadvisor from $21.00 to $17.00 and set a "hold" rating for the company in a research report on Wednesday, September 4th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $18.33.

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.