Polar Asset Management Partners Inc. Makes New Investment in Tripadvisor, Inc. (NASDAQ:TRIP)

Polar Asset Management Partners Inc. 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. The firm bought 71,000 shares of the travel company's stock, valued at approximately $1,029,000. Polar Asset Management Partners Inc. owned about 0.05% of Tripadvisor as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Fifth Third Bancorp boosted its holdings in shares of Tripadvisor by 104.1% during the second quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company's stock worth $30,000 after acquiring an additional 846 shares during the period. True Wealth Design LLC bought a new stake in Tripadvisor in the 3rd quarter valued at $27,000. Capital Performance Advisors LLP bought a new position in Tripadvisor during the 3rd quarter worth $28,000. Quest Partners LLC lifted its holdings in shares of Tripadvisor by 14,244.4% during the second 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 in the last quarter. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of Tripadvisor in the third quarter valued at about $43,000. Institutional investors own 98.99% of the company's stock.

Analysts Set New Price Targets

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

Tripadvisor Trading Up 1.8 %

NASDAQ:TRIP traded up $0.26 during trading hours on Friday, hitting $14.33. 1,225,396 shares of the company were exchanged, compared to its average volume of 2,301,743. The company has a fifty day simple moving average of $14.80 and a 200 day simple moving average of $15.81. Tripadvisor, Inc. has a one year low of $12.93 and a one year high of $28.76. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 61.18, a price-to-earnings-growth ratio of 9.88 and a beta of 1.36. 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 announced its 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. The business had revenue of $532.00 million for the quarter, compared to analysts' expectations of $527.86 million. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. The firm's revenue was down .2% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 earnings per share. Sell-side analysts expect that Tripadvisor, Inc. will post 0.36 EPS for the current fiscal year.

Tripadvisor Company 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.