Tripadvisor, Inc. (NASDAQ:TRIP) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its holdings in Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 4.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 772,592 shares of the travel company's stock after purchasing an additional 35,967 shares during the quarter. Assenagon Asset Management S.A. owned 0.56% of Tripadvisor worth $11,195,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TRIP. Vanguard Group Inc. increased its position in shares of Tripadvisor by 6.6% during the 4th quarter. Vanguard Group Inc. now owns 12,876,614 shares of the travel company's stock worth $277,233,000 after purchasing an additional 791,940 shares during the last quarter. Boston Partners acquired a new stake in shares of Tripadvisor during the first quarter valued at about $131,887,000. Dimensional Fund Advisors LP raised its stake in shares of 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 lifted its holdings in shares of Tripadvisor by 53.0% in the 2nd quarter. AQR Capital Management LLC now owns 2,375,868 shares of the travel company's stock worth $41,364,000 after acquiring an additional 822,712 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. lifted its holdings in shares of Tripadvisor by 4.9% in 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 acquiring an additional 107,154 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company's stock.

Analysts Set New Price Targets

TRIP has been the topic of a number of research analyst reports. The Goldman Sachs Group cut their target price on Tripadvisor from $27.00 to $24.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. Wedbush reiterated a "neutral" rating and issued a $21.00 price objective on shares of Tripadvisor in a report on Wednesday, August 7th. JPMorgan Chase & Co. lowered their target price on Tripadvisor from $17.00 to $14.00 and set an "underweight" rating for the company in a report on Wednesday, August 7th. Truist Financial dropped their target price on Tripadvisor from $21.00 to $17.00 and set a "hold" rating for the company in a research report on Wednesday, September 4th. Finally, UBS Group reduced their price target on shares of Tripadvisor from $20.00 to $18.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $18.33.

Tripadvisor Stock Up 2.6 %

Tripadvisor stock traded up $0.40 during midday trading on Monday, reaching $15.67. The company's stock had a trading volume of 2,268,266 shares, compared to its average volume of 2,319,483. The company has a market cap of $2.17 billion, a P/E ratio of 104.47, a P/E/G ratio of 10.05 and a beta of 1.39. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.04. The business has a 50-day simple moving average of $14.46 and a 200-day simple moving average of $17.46. Tripadvisor, Inc. has a fifty-two week low of $12.93 and a fifty-two week high of $28.76.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last issued its earnings results on Tuesday, August 6th. The travel company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The business had revenue of $497.00 million for the quarter, compared to analyst estimates of $504.76 million. Tripadvisor had a return on equity of 11.81% and a net margin of 1.32%. The business's quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the company earned $0.21 EPS. On average, research analysts expect that Tripadvisor, Inc. will post 0.38 earnings per share for the current fiscal year.

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.