53,631 Shares in Tripadvisor, Inc. (NASDAQ:TRIP) Acquired by FORA Capital LLC

FORA Capital LLC acquired a new position in Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 53,631 shares of the travel company's stock, valued at approximately $777,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Boston Partners purchased a new stake in Tripadvisor during the 1st quarter valued at about $131,887,000. Pacer Advisors Inc. boosted its position in 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 buying an additional 3,173,817 shares during the last quarter. Jupiter Asset Management Ltd. increased its holdings in Tripadvisor by 1,150.2% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 1,684,505 shares of the travel company's stock worth $30,001,000 after buying an additional 1,549,761 shares during the period. River Road Asset Management LLC raised its position in Tripadvisor by 33.3% during 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 during the last quarter. Finally, AQR Capital Management LLC raised its position in Tripadvisor by 53.0% during the 2nd 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 during the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TRIP. Citigroup reduced their price objective on Tripadvisor from $20.00 to $16.00 and set a "neutral" rating for the company in a research note on Tuesday, September 24th. B. Riley raised their price objective on shares of Tripadvisor from $19.00 to $20.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. cut their target price on shares of Tripadvisor from $17.00 to $14.00 and set an "underweight" rating for the company in a report on Wednesday, August 7th. StockNews.com downgraded shares of Tripadvisor from a "buy" rating to a "hold" rating in a report on Friday, November 8th. Finally, DA Davidson dropped their price target on shares of Tripadvisor from $20.00 to $16.00 and set a "neutral" rating on the stock in a research report on Monday, August 12th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $18.33.

Tripadvisor Trading Up 1.6 %

TRIP stock traded up $0.23 during mid-day trading on Friday, hitting $14.33. 1,046,086 shares of the company were exchanged, compared to its average volume of 2,318,552. Tripadvisor, Inc. has a 12-month low of $12.93 and a 12-month high of $28.76. The firm has a market capitalization of $2.00 billion, a P/E ratio of 62.30, a PEG ratio of 9.85 and a beta of 1.37. The business has a fifty day simple moving average of $14.84 and a 200-day simple moving average of $15.96. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.93.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last released its quarterly earnings results 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 business had revenue of $532.00 million during the quarter, compared to analyst estimates of $527.86 million. During the same period last year, the business posted $0.35 earnings per share. The company's quarterly revenue was down .2% on a year-over-year basis. On average, equities research analysts predict that Tripadvisor, Inc. will post 0.36 earnings per share for the current fiscal year.

Tripadvisor Company 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.