Pacer Advisors Inc. Purchases 3,173,817 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Pacer Advisors Inc. boosted its stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 167.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,067,733 shares of the travel company's stock after buying an additional 3,173,817 shares during the period. Pacer Advisors Inc. owned approximately 3.66% of Tripadvisor worth $73,431,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TRIP. Fifth Third Bancorp grew its position in Tripadvisor by 104.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company's stock worth $30,000 after purchasing an additional 846 shares during the period. Louisiana State Employees Retirement System grew its holdings in shares of Tripadvisor by 2.2% in the second quarter. Louisiana State Employees Retirement System now owns 54,700 shares of the travel company's stock worth $974,000 after acquiring an additional 1,200 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its position in Tripadvisor by 5.3% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 32,423 shares of the travel company's stock valued at $898,000 after acquiring an additional 1,626 shares during the last quarter. KBC Group NV increased its position in Tripadvisor by 65.3% during the third quarter. KBC Group NV now owns 4,499 shares of the travel company's stock valued at $65,000 after acquiring an additional 1,777 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in Tripadvisor in the third quarter valued at about $28,000. Hedge funds and other institutional investors own 98.99% of the company's stock.

Tripadvisor Trading Up 3.1 %

NASDAQ:TRIP traded up $0.42 during midday trading on Friday, hitting $13.87. 1,387,823 shares of the company traded hands, compared to its average volume of 2,329,633. The firm has a market capitalization of $1.93 billion, a P/E ratio of 60.31, a P/E/G ratio of 9.38 and a beta of 1.37. The firm's fifty day moving average is $14.83 and its 200-day moving average is $16.13. Tripadvisor, Inc. has a 12-month low of $12.93 and a 12-month high of $28.76. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TRIP shares. Truist Financial reduced 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. Citigroup decreased 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. B. Riley boosted their price objective on Tripadvisor from $19.00 to $20.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. The Goldman Sachs Group cut their target price on Tripadvisor from $27.00 to $24.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. Finally, UBS Group lowered their price target on Tripadvisor from $18.00 to $17.00 and set a "neutral" rating on the stock in a report on Thursday, November 7th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target 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.