Holocene Advisors LP Makes New $2.75 Million Investment in Tripadvisor, Inc. (NASDAQ:TRIP)

Holocene Advisors LP acquired a new position in Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 189,407 shares of the travel company's stock, valued at approximately $2,745,000. Holocene Advisors LP owned about 0.14% of Tripadvisor as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. U S Global Investors Inc. raised its position in Tripadvisor by 71.8% in the 3rd quarter. U S Global Investors Inc. now owns 1,512,548 shares of the travel company's stock valued at $21,917,000 after buying an additional 632,353 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Tripadvisor by 406.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 736,625 shares of the travel company's stock worth $13,119,000 after acquiring an additional 591,251 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Tripadvisor by 214.8% in the second quarter. Victory Capital Management Inc. now owns 176,180 shares of the travel company's stock valued at $3,138,000 after purchasing an additional 120,209 shares during the last quarter. Boussard & Gavaudan Investment Management LLP bought a new position in shares of Tripadvisor during the third quarter valued at about $5,159,000. Finally, Wittenberg Investment Management Inc. purchased a new position in Tripadvisor during the third quarter worth about $1,087,000. Institutional investors own 98.99% of the company's stock.

Tripadvisor Price Performance

NASDAQ:TRIP traded up $0.26 during trading hours on Friday, hitting $14.33. The stock had a trading volume of 1,226,500 shares, compared to its average volume of 2,301,737. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 61.18, a P/E/G ratio of 9.88 and a beta of 1.36. Tripadvisor, Inc. has a one year low of $12.93 and a one year high of $28.76. The company has a 50 day simple moving average of $14.80 and a two-hundred day simple moving average of $15.81. 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 (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 company had revenue of $532.00 million during the quarter, compared to analyst estimates of $527.86 million. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. The firm's quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the company earned $0.35 earnings per share. Research analysts forecast that Tripadvisor, Inc. will post 0.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on TRIP. Wedbush reiterated a "neutral" rating and issued a $17.00 price objective (up previously from $16.00) on shares of Tripadvisor in a research note on Thursday, November 7th. Citigroup cut their price objective on Tripadvisor from $20.00 to $16.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 24th. B. Riley raised their target price on Tripadvisor from $19.00 to $20.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. DA Davidson cut their price target on shares of Tripadvisor from $20.00 to $16.00 and set a "neutral" rating on the stock in a report on Monday, August 12th. Finally, Cantor Fitzgerald decreased their price objective on shares of Tripadvisor from $12.00 to $11.00 and set an "underweight" rating for the company in a report on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $18.33.

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.