Jacobs Levy Equity Management Inc. Raises Holdings in Tripadvisor, Inc. (NASDAQ:TRIP)

Jacobs Levy Equity Management Inc. increased its stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 15.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,566,342 shares of the travel company's stock after purchasing an additional 334,961 shares during the quarter. Jacobs Levy Equity Management Inc. owned 1.85% of Tripadvisor worth $37,186,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. lifted its holdings in Tripadvisor by 167.6% during the 3rd quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company's stock worth $73,431,000 after buying an additional 3,173,817 shares during the last quarter. River Road Asset Management LLC increased its position in Tripadvisor by 33.3% in the 3rd quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company's stock valued at $53,179,000 after acquiring an additional 917,689 shares during the period. Dimensional Fund Advisors LP increased its position in Tripadvisor by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,733,746 shares of the travel company's stock valued at $48,686,000 after acquiring an additional 95,138 shares during the period. AQR Capital Management LLC increased 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 purchasing an additional 822,712 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. increased its position in Tripadvisor by 4.9% during the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,292,087 shares of the travel company's stock worth $40,822,000 after purchasing an additional 107,154 shares during the period. 98.99% of the stock is owned by institutional investors and hedge funds.

Tripadvisor Trading Up 2.3 %

Shares of Tripadvisor stock traded up $0.32 during trading hours on Wednesday, reaching $14.47. 466,240 shares of the company's stock were exchanged, compared to its average volume of 2,306,712. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 61.70, a price-to-earnings-growth ratio of 10.08 and a beta of 1.36. The company has a fifty day moving average of $14.81 and a 200-day moving average of $15.83. Tripadvisor, Inc. has a 52-week low of $12.93 and a 52-week high of $28.76.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last issued its earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.06. The business had revenue of $532.00 million for 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 business's quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the company posted $0.35 EPS. Sell-side analysts forecast that Tripadvisor, Inc. will post 0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TRIP. UBS Group dropped their target price on Tripadvisor from $18.00 to $17.00 and set a "neutral" rating on the stock in a research report on Thursday, November 7th. BMO Capital Markets lowered their price target on Tripadvisor from $20.00 to $17.00 and set a "market perform" rating on the stock in a report on Wednesday, August 7th. JPMorgan Chase & Co. lowered their price target on Tripadvisor from $17.00 to $14.00 and set an "underweight" rating on the stock in a report on Wednesday, August 7th. Citigroup lowered their price target on Tripadvisor from $20.00 to $16.00 and set a "neutral" rating on the stock in a report on Tuesday, September 24th. Finally, Wedbush restated a "neutral" rating and issued a $17.00 price target (up previously from $16.00) on shares of Tripadvisor in a report on Thursday, November 7th. 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 stock. According to MarketBeat.com, Tripadvisor 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.