Blueshift Asset Management LLC Trims Holdings in Tripadvisor, Inc. (NASDAQ:TRIP)

Blueshift Asset Management LLC decreased its stake in Tripadvisor, Inc. (NASDAQ:TRIPFree Report) by 70.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 35,505 shares of the travel company’s stock after selling 84,200 shares during the quarter. Blueshift Asset Management LLC’s holdings in Tripadvisor were worth $589,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC boosted its position in shares of Tripadvisor by 41.3% in the 2nd quarter. Barclays PLC now owns 1,033,942 shares of the travel company’s stock valued at $17,051,000 after purchasing an additional 302,211 shares during the period. Quantbot Technologies LP acquired a new position in shares of Tripadvisor in the 3rd quarter valued at $1,307,000. Duality Advisers LP acquired a new stake in Tripadvisor during the 3rd quarter worth about $1,024,000. State of New Jersey Common Pension Fund D boosted its position in Tripadvisor by 47.5% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 153,973 shares of the travel company’s stock worth $2,539,000 after acquiring an additional 49,589 shares during the period. Finally, State of Alaska Department of Revenue boosted its position in Tripadvisor by 410.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 67,031 shares of the travel company’s stock worth $1,111,000 after acquiring an additional 53,887 shares during the period. Institutional investors and hedge funds own 74.17% of the company’s stock.

Tripadvisor Stock Performance

NASDAQ:TRIP opened at $21.73 on Tuesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.95 and a current ratio of 1.95. The firm’s 50-day moving average is $20.24 and its 200-day moving average is $17.68. Tripadvisor, Inc. has a 52-week low of $14.15 and a 52-week high of $27.30. The company has a market cap of $3.01 billion, a price-to-earnings ratio of -120.72, a PEG ratio of 1.33 and a beta of 1.51.

Tripadvisor (NASDAQ:TRIPGet Free Report) last issued its quarterly earnings results on Monday, November 6th. The travel company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. The firm had revenue of $533.00 million for the quarter, compared to analyst estimates of $506.01 million. Tripadvisor had a positive return on equity of 8.64% and a negative net margin of 1.43%. Equities research analysts anticipate that Tripadvisor, Inc. will post 0.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

TRIP has been the subject of a number of research reports. JPMorgan Chase & Co. raised their price objective on Tripadvisor from $15.00 to $18.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 8th. Ascendiant Capital Markets raised their price objective on Tripadvisor from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, December 29th. Mizuho raised their price objective on Tripadvisor from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 17th. Wedbush restated a “neutral” rating and set a $20.00 price objective (up from $17.00) on shares of Tripadvisor in a research report on Tuesday, November 7th. Finally, StockNews.com upgraded Tripadvisor from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $21.58.

Get Our Latest Report on TRIP

Tripadvisor Profile

(Free Report)

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: Tripadvisor Core, Viator, and TheFork. The Tripadvisor Core 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.

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Institutional Ownership by Quarter for Tripadvisor (NASDAQ:TRIP)

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