AQR Capital Management LLC Acquires 822,712 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

AQR Capital Management LLC increased its holdings in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 53.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,375,868 shares of the travel company’s stock after buying an additional 822,712 shares during the period. AQR Capital Management LLC owned 1.71% of Tripadvisor worth $41,364,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Boston Partners acquired a new stake in Tripadvisor during the 1st quarter worth $131,887,000. Pacer Advisors Inc. acquired a new position in shares of Tripadvisor during the 2nd quarter worth about $33,731,000. Jupiter Asset Management Ltd. grew its position in shares of Tripadvisor by 1,150.2% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 1,684,505 shares of the travel company’s stock worth $30,001,000 after buying an additional 1,549,761 shares during the period. Norges Bank bought a new stake in shares of Tripadvisor in the 4th quarter valued at about $27,807,000. Finally, Vanguard Group Inc. raised 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 valued at $277,233,000 after acquiring an additional 791,940 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Cantor Fitzgerald reaffirmed an “underweight” rating and issued a $12.00 target price on shares of Tripadvisor in a research note on Monday, September 23rd. TD Cowen dropped their price objective on Tripadvisor from $25.00 to $15.00 and set a “hold” rating on the stock in a research note on Thursday, August 22nd. Wedbush reiterated a “neutral” rating and set a $21.00 target price on shares of Tripadvisor in a report on Wednesday, August 7th. B. Riley lowered Tripadvisor from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $26.00 to $19.00 in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. decreased their price objective on Tripadvisor from $17.00 to $14.00 and set an “underweight” rating for the company in a research report on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $18.33.

Tripadvisor Trading Up 1.4 %

Shares of NASDAQ:TRIP opened at $14.77 on Friday. The company’s 50-day moving average price is $14.87 and its two-hundred day moving average price is $19.39. Tripadvisor, Inc. has a one year low of $12.93 and a one year high of $28.76. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.68 and a quick ratio of 1.68. The stock has a market capitalization of $2.05 billion, a PE ratio of 98.47, a price-to-earnings-growth ratio of 2.23 and a beta of 1.39.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Tuesday, August 6th. The travel company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $497.00 million during the quarter, compared to analysts’ expectations of $504.76 million. Tripadvisor had a return on equity of 11.81% and a net margin of 1.32%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 earnings per share. On average, equities analysts forecast that Tripadvisor, Inc. will post 0.37 EPS for the current fiscal year.

About Tripadvisor

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.