TripAdvisor, Inc. $TRIP Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lifted its holdings in shares of TripAdvisor, Inc. (NASDAQ:TRIP) by 53.2% during the second quarter, Holdings Channel.com reports. The fund owned 2,629,098 shares of the travel company’s stock after acquiring an additional 912,999 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in TripAdvisor were worth $34,310,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of TRIP. Penserra Capital Management LLC grew its position in TripAdvisor by 0.3% during the 2nd quarter. Penserra Capital Management LLC now owns 240,847 shares of the travel company’s stock worth $3,143,000 after purchasing an additional 745 shares during the last quarter. Brown Miller Wealth Management LLC lifted its stake in shares of TripAdvisor by 6.8% during the second quarter. Brown Miller Wealth Management LLC now owns 12,322 shares of the travel company’s stock worth $161,000 after buying an additional 781 shares during the period. Teacher Retirement System of Texas lifted its stake in shares of TripAdvisor by 4.8% during the second quarter. Teacher Retirement System of Texas now owns 17,386 shares of the travel company’s stock worth $227,000 after buying an additional 802 shares during the period. First Hawaiian Bank grew its holdings in shares of TripAdvisor by 2.9% during the first quarter. First Hawaiian Bank now owns 35,684 shares of the travel company’s stock valued at $506,000 after buying an additional 1,013 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of TripAdvisor by 86.9% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,055 shares of the travel company’s stock valued at $43,000 after acquiring an additional 1,420 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Insiders Place Their Bets

In related news, insider Seth J. Kalvert sold 10,880 shares of TripAdvisor stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $20.04, for a total transaction of $218,035.20. Following the transaction, the insider owned 136,914 shares in the company, valued at approximately $2,743,756.56. This trade represents a 7.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.10% of the stock is owned by company insiders.

TripAdvisor Trading Up 1.9%

Shares of NASDAQ:TRIP opened at $15.32 on Friday. TripAdvisor, Inc. has a 1 year low of $10.43 and a 1 year high of $20.16. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 23.94, a price-to-earnings-growth ratio of 2.89 and a beta of 1.01. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.33 and a quick ratio of 1.33. The business’s 50 day moving average price is $15.48 and its 200-day moving average price is $15.99.

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings results on Thursday, November 6th. The travel company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.07. TripAdvisor had a net margin of 4.23% and a return on equity of 14.77%. The firm had revenue of $553.00 million during the quarter, compared to the consensus estimate of $562.92 million. During the same quarter in the prior year, the firm earned $0.50 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities research analysts forecast that TripAdvisor, Inc. will post 0.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TRIP. B. Riley cut their price objective on TripAdvisor from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. UBS Group reaffirmed a “neutral” rating on shares of TripAdvisor in a report on Sunday, August 10th. Mizuho set a $17.00 price target on shares of TripAdvisor and gave the stock a “neutral” rating in a report on Friday, November 14th. Weiss Ratings reissued a “sell (d+)” rating on shares of TripAdvisor in a research report on Monday. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $20.00 price objective on shares of TripAdvisor in a report on Friday, November 7th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, TripAdvisor presently has an average rating of “Reduce” and an average target price of $16.66.

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.