Oliver Luxxe Assets LLC Has $950,000 Stake in Tripadvisor, Inc. (NASDAQ:TRIP)

Oliver Luxxe Assets LLC raised its position in Tripadvisor, Inc. (NASDAQ:TRIP) by 35.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 34,178 shares of the travel company’s stock after purchasing an additional 8,990 shares during the period. Oliver Luxxe Assets LLC’s holdings in Tripadvisor were worth $950,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Tripadvisor by 6.6% in the 4th quarter. Vanguard Group Inc. now owns 12,876,614 shares of the travel company’s stock worth $277,233,000 after purchasing an additional 791,940 shares during the period. AQR Capital Management LLC lifted its position in shares of Tripadvisor by 38.1% in the 3rd quarter. AQR Capital Management LLC now owns 5,115,807 shares of the travel company’s stock worth $84,820,000 after purchasing an additional 1,410,932 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Tripadvisor by 9.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,438,349 shares of the travel company’s stock valued at $74,027,000 after acquiring an additional 304,975 shares during the period. Norges Bank acquired a new position in shares of Tripadvisor during the 4th quarter valued at $27,807,000. Finally, Kettle Hill Capital Management LLC acquired a new position in shares of Tripadvisor during the 3rd quarter valued at $19,626,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on TRIP. UBS Group dropped their target price on shares of Tripadvisor from $27.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, May 9th. Citigroup boosted their target price on shares of Tripadvisor from $23.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. Mizuho decreased their price target on shares of Tripadvisor from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday, May 9th. Barclays decreased their price target on shares of Tripadvisor from $20.00 to $15.00 and set an “underweight” rating for the company in a research note on Friday, May 10th. Finally, The Goldman Sachs Group decreased their price target on shares of Tripadvisor from $34.00 to $27.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Tripadvisor has a consensus rating of “Hold” and an average price target of $21.76.

Tripadvisor Price Performance

TRIP opened at $17.58 on Tuesday. The firm has a market cap of $2.45 billion, a P/E ratio of 117.21, a PEG ratio of 1.60 and a beta of 1.42. The firm has a 50-day moving average of $19.93 and a 200 day moving average of $22.74. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.69 and a current ratio of 1.69. Tripadvisor, Inc. has a fifty-two week low of $14.15 and a fifty-two week high of $28.76.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Wednesday, May 8th. The travel company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.08. The company had revenue of $395.00 million during the quarter, compared to analyst estimates of $390.93 million. Tripadvisor had a net margin of 1.32% and a return on equity of 12.03%. On average, research analysts expect that Tripadvisor, Inc. will post 0.62 EPS for the current year.

Tripadvisor 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.