Holocene Advisors LP Purchases New Holdings in Tripadvisor, Inc. (NASDAQ:TRIP)

Holocene Advisors LP acquired a new position in Tripadvisor, Inc. (NASDAQ:TRIP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 189,407 shares of the travel company’s stock, valued at approximately $2,745,000. Holocene Advisors LP owned about 0.14% of Tripadvisor at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TRIP. True Wealth Design LLC purchased a new stake in shares of Tripadvisor in the third quarter worth approximately $27,000. Capital Performance Advisors LLP purchased a new stake in Tripadvisor in the third quarter worth $28,000. Fifth Third Bancorp lifted 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 purchasing an additional 846 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Tripadvisor during the third quarter worth $43,000. Finally, Quest Partners LLC boosted its stake in shares of Tripadvisor by 14,244.4% during the second quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock valued at $46,000 after purchasing an additional 2,564 shares during the period. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on TRIP shares. StockNews.com upgraded shares of Tripadvisor from a “hold” rating to a “buy” rating in a report on Friday. The Goldman Sachs Group decreased their price target on shares of Tripadvisor from $27.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. DA Davidson dropped their price objective on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. TD Cowen lifted their target price on Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a research report on Thursday, November 7th. Finally, Cantor Fitzgerald dropped their price target on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Tripadvisor currently has an average rating of “Hold” and an average target price of $18.33.

Tripadvisor Price Performance

Shares of TRIP opened at $14.07 on Friday. The company has a 50 day moving average of $14.81 and a two-hundred day moving average of $15.82. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.93. Tripadvisor, Inc. has a twelve month low of $12.93 and a twelve month high of $28.76. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 61.18, a price-to-earnings-growth ratio of 9.88 and a beta of 1.36.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Wednesday, November 6th. The travel company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.44 by $0.06. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. The firm had revenue of $532.00 million during the quarter, compared to analyst estimates of $527.86 million. During the same quarter in the prior year, the business posted $0.35 EPS. The business’s revenue for the quarter was down .2% compared to the same quarter last year. As a group, analysts predict that Tripadvisor, Inc. will post 0.36 earnings per share for the current fiscal 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.