Trexquant Investment LP Decreases Holdings in Tripadvisor, Inc. (NASDAQ:TRIP)

Trexquant Investment LP trimmed its position in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 78.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,333 shares of the travel company's stock after selling 329,167 shares during the period. Trexquant Investment LP owned about 0.07% of Tripadvisor worth $1,364,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. National Bank of Canada FI lifted its holdings in Tripadvisor by 37.0% in the fourth quarter. National Bank of Canada FI now owns 81,430 shares of the travel company's stock worth $1,203,000 after buying an additional 21,975 shares during the period. Alliancebernstein L.P. raised its position in shares of Tripadvisor by 18.5% in the 4th 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. Arrowstreet Capital Limited Partnership lifted its stake in shares of Tripadvisor by 18.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,270,509 shares of the travel company's stock valued at $18,765,000 after purchasing an additional 197,456 shares during the period. Boussard & Gavaudan Investment Management LLP boosted its position in shares of Tripadvisor by 5.6% during the fourth quarter. Boussard & Gavaudan Investment Management LLP now owns 375,668 shares of the travel company's stock valued at $5,597,000 after purchasing an additional 19,980 shares in the last quarter. Finally, WINTON GROUP Ltd grew its stake in Tripadvisor by 158.9% in the fourth quarter. WINTON GROUP Ltd now owns 54,809 shares of the travel company's stock worth $810,000 after purchasing an additional 33,635 shares during the period. 98.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TRIP has been the topic of a number of research reports. Wedbush restated a "neutral" rating and set a $17.00 target price on shares of Tripadvisor in a report on Thursday, December 19th. DA Davidson reissued a "neutral" rating and set a $16.00 price objective on shares of Tripadvisor in a research note on Thursday, February 20th. JPMorgan Chase & Co. decreased their target price on shares of Tripadvisor from $15.00 to $11.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. UBS Group reissued a "neutral" rating on shares of Tripadvisor in a research report on Tuesday, February 4th. Finally, B. Riley cut their price target on Tripadvisor from $20.00 to $18.00 and set a "neutral" rating on the stock in a research note on Monday, March 10th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $17.29.

Tripadvisor Stock Performance

NASDAQ:TRIP traded up $0.05 during trading hours on Tuesday, reaching $11.76. The company had a trading volume of 270,631 shares, compared to its average volume of 2,451,734. The firm's 50 day moving average price is $14.59 and its 200-day moving average price is $14.88. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 587.79, a PEG ratio of 9.01 and a beta of 1.25. Tripadvisor, Inc. has a 52 week low of $10.43 and a 52 week high of $27.63. The company has a current ratio of 2.10, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93.

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

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.