Y Intercept Hong Kong Ltd Sells 44,300 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Y Intercept Hong Kong Ltd lowered its stake in Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 71.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,559 shares of the travel company's stock after selling 44,300 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Tripadvisor were worth $254,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. grew its holdings in shares of Tripadvisor by 167.6% in the third quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company's stock valued at $73,431,000 after purchasing an additional 3,173,817 shares in the last quarter. Jupiter Asset Management Ltd. lifted its position in Tripadvisor by 1,150.2% during the second quarter. Jupiter Asset Management Ltd. now owns 1,684,505 shares of the travel company's stock valued at $30,001,000 after purchasing an additional 1,549,761 shares during the last quarter. River Road Asset Management LLC grew its stake in shares of Tripadvisor by 33.3% in the 3rd quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company's stock worth $53,179,000 after buying an additional 917,689 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Tripadvisor by 53.0% in the 2nd quarter. AQR Capital Management LLC now owns 2,375,868 shares of the travel company's stock worth $41,364,000 after buying an additional 822,712 shares during the last quarter. Finally, U S Global Investors Inc. raised its position in shares of Tripadvisor by 71.8% during the 3rd quarter. U S Global Investors Inc. now owns 1,512,548 shares of the travel company's stock valued at $21,917,000 after buying an additional 632,353 shares in the last quarter. Institutional investors own 98.99% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on TRIP. StockNews.com lowered Tripadvisor from a "buy" rating to a "hold" rating in a research report on Saturday, December 14th. DA Davidson reiterated a "neutral" rating and issued a $16.00 target price on shares of Tripadvisor in a report on Thursday. Truist Financial cut their target price on Tripadvisor from $21.00 to $17.00 and set a "hold" rating on the stock in a research report on Wednesday, September 4th. B. Riley lifted their price objective on shares of Tripadvisor from $19.00 to $20.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Finally, Cantor Fitzgerald cut their price objective on shares of Tripadvisor from $12.00 to $11.00 and set an "underweight" rating on the stock in a research report on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $18.33.

Tripadvisor Trading Up 7.3 %

Tripadvisor stock traded up $0.94 during trading hours on Thursday, hitting $13.89. The company had a trading volume of 8,614,591 shares, compared to its average volume of 2,306,555. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a market cap of $1.94 billion, a P/E ratio of 60.39, a P/E/G ratio of 9.35 and a beta of 1.36. The company has a 50-day moving average price of $14.66 and a two-hundred day moving average price of $15.51. Tripadvisor, Inc. has a 1 year low of $12.93 and a 1 year high of $28.76.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.06. The firm had revenue of $532.00 million during the quarter, compared to analyst estimates of $527.86 million. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. Tripadvisor's quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 earnings per share. On average, sell-side analysts anticipate that Tripadvisor, Inc. will post 0.37 earnings per share for the current 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.