Pacer Advisors Inc. Acquires Shares of 431,640 TripAdvisor, Inc. $TRIP

Pacer Advisors Inc. acquired a new stake in shares of TripAdvisor, Inc. (NASDAQ:TRIP) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 431,640 shares of the travel company’s stock, valued at approximately $7,018,000.

Other institutional investors have also made changes to their positions in the company. Penserra Capital Management LLC grew its holdings in TripAdvisor by 0.3% during the 2nd quarter. Penserra Capital Management LLC now owns 240,847 shares of the travel company’s stock valued at $3,143,000 after purchasing an additional 745 shares in the last quarter. Brown Miller Wealth Management LLC lifted its holdings in TripAdvisor by 6.8% in the 2nd 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 in the last quarter. Teacher Retirement System of Texas boosted its position in TripAdvisor by 4.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 17,386 shares of the travel company’s stock valued at $227,000 after buying an additional 802 shares during the last quarter. First Hawaiian Bank grew its stake 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 acquiring an additional 1,013 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of TripAdvisor by 86.9% during the first quarter. Smartleaf Asset Management LLC now owns 3,055 shares of the travel company’s stock worth $43,000 after acquiring an additional 1,420 shares during the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

TripAdvisor Price Performance

Shares of NASDAQ TRIP opened at $14.08 on Monday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 2.76 and a beta of 1.01. TripAdvisor, Inc. has a twelve month low of $10.43 and a twelve month high of $20.16. The business has a 50 day simple moving average of $15.15 and a 200-day simple moving average of $16.07.

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings data on Thursday, November 6th. The travel company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates 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 previous year, the company posted $0.50 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. As a group, equities research analysts expect that TripAdvisor, Inc. will post 0.46 earnings per share for the current year.

Wall Street Analyst Weigh In

TRIP has been the subject of a number of analyst reports. Mizuho set a $17.00 price target on TripAdvisor and gave the company a “neutral” rating in a report on Friday, November 14th. Wall Street Zen cut TripAdvisor from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Weiss Ratings reissued a “sell (d+)” rating on shares of TripAdvisor in a research report on Monday, December 22nd. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $20.00 price target on shares of TripAdvisor in a report on Friday, November 7th. Finally, Jefferies Financial Group decreased their price objective on shares of TripAdvisor from $13.00 to $12.50 and set an “underperform” rating for the company in a report on Thursday, December 11th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $16.25.

About TripAdvisor

TripAdvisor (NASDAQ:TRIP) is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company’s flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor’s offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.