Tripadvisor, Inc. (NASDAQ:TRIP) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers lifted its stake in Tripadvisor, Inc. (NASDAQ:TRIP) by 8.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 278,067 shares of the travel company’s stock after buying an additional 20,776 shares during the period. Rhumbline Advisers owned approximately 0.20% of Tripadvisor worth $4,952,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Fifth Third Bancorp grew its stake in Tripadvisor by 104.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock worth $30,000 after buying an additional 846 shares during the last quarter. Quadrant Capital Group LLC raised its position in Tripadvisor by 52.6% in the 4th quarter. Quadrant Capital Group LLC now owns 2,497 shares of the travel company’s stock valued at $54,000 after purchasing an additional 861 shares during the last quarter. Gladius Capital Management LP purchased a new position in Tripadvisor during the 2nd quarter worth $79,000. Future Financial Wealth Managment LLC acquired a new position in Tripadvisor in the first quarter valued at $83,000. Finally, SYSTM Wealth Solutions LLC raised its holdings in shares of Tripadvisor by 10.5% in the first quarter. SYSTM Wealth Solutions LLC now owns 4,527 shares of the travel company’s stock valued at $126,000 after buying an additional 432 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Tripadvisor Stock Performance

NASDAQ TRIP opened at $13.51 on Monday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.04. Tripadvisor, Inc. has a fifty-two week low of $12.93 and a fifty-two week high of $28.76. The business has a fifty day moving average of $15.55 and a 200-day moving average of $20.21. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 90.07, a price-to-earnings-growth ratio of 1.73 and a beta of 1.39.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Tuesday, August 6th. The travel company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. The company had revenue of $497.00 million for the quarter, compared to analysts’ expectations of $504.76 million. Tripadvisor had a net margin of 1.32% and a return on equity of 11.81%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the company earned $0.21 EPS. As a group, analysts predict that Tripadvisor, Inc. will post 0.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TRIP has been the topic of several recent research reports. DA Davidson dropped their price target on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Wedbush restated a “neutral” rating and set a $21.00 price target on shares of Tripadvisor in a research note on Wednesday, August 7th. BTIG Research lowered their price objective on shares of Tripadvisor from $25.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Truist Financial cut their price objective on shares of Tripadvisor from $21.00 to $17.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Finally, B. Riley downgraded shares of Tripadvisor from a “buy” rating to a “neutral” rating and lowered their target price for the company from $26.00 to $19.00 in a report on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $19.13.

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.