Quantinno Capital Management LP Sells 149,311 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Quantinno Capital Management LP lessened its position in Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 79.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 39,181 shares of the travel company's stock after selling 149,311 shares during the quarter. Quantinno Capital Management LP's holdings in Tripadvisor were worth $568,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Fifth Third Bancorp increased its stake in shares of Tripadvisor by 104.1% during 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 last quarter. True Wealth Design LLC bought a new position in shares of Tripadvisor during the 3rd quarter worth about $27,000. Capital Performance Advisors LLP bought a new position in shares of Tripadvisor during the 3rd quarter worth about $28,000. Quest Partners LLC lifted its holdings 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 acquiring an additional 2,564 shares during the period. Finally, Future Financial Wealth Managment LLC bought a new position in Tripadvisor during the 3rd quarter valued at about $43,000. Hedge funds and other institutional investors own 98.99% of the company's stock.

Tripadvisor Stock Up 0.7 %

NASDAQ TRIP traded up $0.10 during mid-day trading on Friday, hitting $13.77. The company's stock had a trading volume of 2,032,714 shares, compared to its average volume of 1,528,828. The company's 50 day simple moving average is $14.74 and its 200 day simple moving average is $15.62. Tripadvisor, Inc. has a twelve month low of $12.93 and a twelve 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. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 59.87, a PEG ratio of 9.35 and a beta of 1.36.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share (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 business had revenue of $532.00 million during the quarter, compared to the consensus estimate of $527.86 million. During the same quarter last year, the firm posted $0.35 EPS. Tripadvisor's revenue was down .2% compared to the same quarter last year. Analysts anticipate that Tripadvisor, Inc. will post 0.37 earnings per share for the current year.

Analyst Ratings Changes

TRIP has been the subject of several analyst reports. B. Riley lifted their price target on shares of Tripadvisor from $19.00 to $20.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Truist Financial lowered 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. TD Cowen lifted their price objective on shares of Tripadvisor from $15.00 to $20.00 and gave the stock a "hold" rating in a research note on Thursday, November 7th. Wedbush reissued a "neutral" rating and set a $17.00 price objective (up previously from $16.00) on shares of Tripadvisor in a research note on Thursday, November 7th. Finally, StockNews.com lowered shares of Tripadvisor from a "buy" rating to a "hold" rating in a research note on Saturday. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $18.33.

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.