Quinn Opportunity Partners LLC Purchases 85,006 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Quinn Opportunity Partners LLC grew its stake in Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 51.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 249,063 shares of the travel company's stock after buying an additional 85,006 shares during the period. Quinn Opportunity Partners LLC owned 0.18% of Tripadvisor worth $3,679,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in TRIP. River Road Asset Management LLC increased its position in shares of Tripadvisor by 1.3% during the fourth quarter. River Road Asset Management LLC now owns 3,715,961 shares of the travel company's stock worth $54,885,000 after buying an additional 45,898 shares during the period. State Street Corp increased its stake in Tripadvisor by 1.0% in the third quarter. State Street Corp now owns 3,457,661 shares of the travel company's stock valued at $50,102,000 after purchasing an additional 33,809 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Tripadvisor by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,822,913 shares of the travel company's stock valued at $26,421,000 after buying an additional 18,059 shares during the period. Alliancebernstein L.P. boosted its holdings in Tripadvisor by 18.5% in the fourth quarter. Alliancebernstein L.P. now owns 1,813,449 shares of the travel company's stock worth $26,785,000 after acquiring an additional 282,851 shares in the last quarter. Finally, U S Global Investors Inc. increased its holdings in shares of Tripadvisor by 2.0% during the fourth quarter. U S Global Investors Inc. now owns 1,543,056 shares of the travel company's stock valued at $22,791,000 after acquiring an additional 30,508 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors.

Tripadvisor Price Performance

TRIP traded down $0.24 during trading on Wednesday, reaching $11.62. 522,220 shares of the company were exchanged, compared to its average volume of 2,826,003. Tripadvisor, Inc. has a 12-month low of $10.43 and a 12-month high of $27.63. The company's 50-day moving average is $14.48 and its two-hundred day moving average is $14.86. The company has a quick ratio of 1.85, a current ratio of 2.10 and a debt-to-equity ratio of 0.93. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 581.29, a P/E/G ratio of 9.01 and a beta of 1.25.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The travel company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.08). The firm had revenue of $411.00 million during the quarter, compared to the consensus estimate of $400.02 million. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. Research analysts forecast that Tripadvisor, Inc. will post 0.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on TRIP. StockNews.com upgraded shares of Tripadvisor from a "hold" rating to a "buy" rating in a research note on Monday, February 24th. UBS Group reaffirmed a "neutral" rating on shares of Tripadvisor in a research report on Tuesday, February 4th. JPMorgan Chase & Co. lowered their price objective on Tripadvisor from $15.00 to $11.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. Wedbush reaffirmed a "neutral" rating and set a $17.00 target price on shares of Tripadvisor in a research report on Thursday, December 19th. Finally, DA Davidson reaffirmed a "neutral" rating and set a $16.00 price objective on shares of Tripadvisor in a report on Thursday, February 20th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Tripadvisor has an average rating of "Hold" and an average price target of $17.29.

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.