Verition Fund Management LLC Takes Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Verition Fund Management LLC acquired a new position in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 49,300 shares of the travel company's stock, valued at approximately $714,000.

Several other hedge funds have also modified their holdings of TRIP. Capital Performance Advisors LLP purchased a new stake in Tripadvisor during the 3rd quarter worth about $28,000. Fifth Third Bancorp grew its position 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 buying an additional 846 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of Tripadvisor during the third quarter worth approximately $43,000. Quest Partners LLC raised its holdings in Tripadvisor by 14,244.4% in the second quarter. Quest Partners LLC now owns 2,582 shares of the travel company's stock valued at $46,000 after acquiring an additional 2,564 shares in the last quarter. Finally, KBC Group NV lifted its stake in Tripadvisor by 65.3% in the third quarter. KBC Group NV now owns 4,499 shares of the travel company's stock worth $65,000 after acquiring an additional 1,777 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on TRIP. Wedbush reissued a "neutral" rating and issued a $17.00 price objective (up from $16.00) on shares of Tripadvisor in a research report on Thursday, November 7th. Cantor Fitzgerald dropped their target price on Tripadvisor from $12.00 to $11.00 and set an "underweight" rating on the stock in a report on Thursday, November 7th. B. Riley lifted their price target on Tripadvisor from $19.00 to $20.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Citigroup dropped their price objective on Tripadvisor from $20.00 to $16.00 and set a "neutral" rating on the stock in a report on Tuesday, September 24th. Finally, StockNews.com raised Tripadvisor from a "hold" rating to a "buy" rating in a research report on Friday. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $18.33.

Tripadvisor Stock Performance

NASDAQ:TRIP traded down $0.03 during trading hours on Tuesday, reaching $13.98. 1,006,541 shares of the company's stock were exchanged, compared to its average volume of 2,293,727. Tripadvisor, Inc. has a 1-year low of $12.93 and a 1-year high of $28.76. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 60.79, a P/E/G ratio of 10.01 and a beta of 1.36. The company has a 50-day moving average of $14.78 and a 200 day moving average of $15.69.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last announced its earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, topping 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 in the prior year, the firm earned $0.35 earnings per share. The business's quarterly revenue was down .2% compared to the same quarter last year. Research analysts anticipate that Tripadvisor, Inc. will post 0.36 EPS for the current 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.