Point72 Asset Management L.P. Takes $1.80 Million Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Point72 Asset Management L.P. bought a new position in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 123,971 shares of the travel company's stock, valued at approximately $1,796,000. Point72 Asset Management L.P. owned about 0.09% of Tripadvisor at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of TRIP. Fifth Third Bancorp increased its stake in Tripadvisor by 104.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company's stock valued at $30,000 after buying an additional 846 shares during the period. True Wealth Design LLC bought a new stake in Tripadvisor during the third quarter worth approximately $27,000. Capital Performance Advisors LLP acquired a new stake in Tripadvisor during the third quarter worth about $28,000. Quest Partners LLC lifted its position in shares of Tripadvisor by 14,244.4% during the 2nd quarter. Quest Partners LLC now owns 2,582 shares of the travel company's stock worth $46,000 after buying an additional 2,564 shares during the period. Finally, Future Financial Wealth Managment LLC acquired a new stake in Tripadvisor during the 3rd quarter valued at $43,000. Institutional investors and hedge funds own 98.99% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on TRIP. TD Cowen increased their target price on Tripadvisor from $15.00 to $20.00 and gave the stock a "hold" rating in a report on Thursday, November 7th. B. Riley lifted their target price on shares of Tripadvisor from $19.00 to $20.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Truist Financial reduced their target price 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. StockNews.com upgraded shares of Tripadvisor from a "hold" rating to a "buy" rating in a research note on Friday. Finally, UBS Group lowered their target price on shares of Tripadvisor from $18.00 to $17.00 and set a "neutral" rating on the stock in a report on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $18.33.

Tripadvisor Stock Up 0.7 %

Shares of NASDAQ:TRIP traded up $0.10 on Tuesday, reaching $14.11. The company had a trading volume of 507,662 shares, compared to its average volume of 2,291,177. Tripadvisor, Inc. has a 52-week low of $12.93 and a 52-week high of $28.76. The firm's 50 day simple moving average is $14.78 and its 200-day simple moving average is $15.72. 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 $1.97 billion, a PE ratio of 60.92, a PEG ratio of 10.01 and a beta of 1.36.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.06. The company had revenue of $532.00 million during the quarter, compared to the consensus estimate of $527.86 million. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. Tripadvisor's revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 earnings per share. As a group, analysts expect that Tripadvisor, Inc. will post 0.36 earnings per share for the current fiscal year.

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.