Assenagon Asset Management S.A. Acquires 35,967 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Assenagon Asset Management S.A. lifted its stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 4.9% during the third quarter, Holdings Channel.com reports. The firm owned 772,592 shares of the travel company’s stock after buying an additional 35,967 shares during the period. Assenagon Asset Management S.A.’s holdings in Tripadvisor were worth $11,195,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Boston Partners bought a new position in Tripadvisor in the first quarter valued at about $131,887,000. Pacer Advisors Inc. bought a new stake in shares of Tripadvisor during the second quarter worth approximately $33,731,000. Jupiter Asset Management Ltd. lifted its holdings in Tripadvisor by 1,150.2% in the second quarter. Jupiter Asset Management Ltd. now owns 1,684,505 shares of the travel company’s stock valued at $30,001,000 after buying an additional 1,549,761 shares during the period. AQR Capital Management LLC boosted its stake in Tripadvisor by 53.0% in the second quarter. AQR Capital Management LLC now owns 2,375,868 shares of the travel company’s stock valued at $41,364,000 after acquiring an additional 822,712 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Tripadvisor by 6.6% during the 4th quarter. Vanguard Group Inc. now owns 12,876,614 shares of the travel company’s stock worth $277,233,000 after acquiring an additional 791,940 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TRIP. BTIG Research dropped their price objective on Tripadvisor from $25.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Citigroup reduced their price target on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. The Goldman Sachs Group decreased their target price on Tripadvisor from $27.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. UBS Group cut their price objective on Tripadvisor from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Finally, Cantor Fitzgerald reiterated an “underweight” rating and issued a $12.00 price target on shares of Tripadvisor in a report on Monday, October 7th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Tripadvisor has a consensus rating of “Hold” and a consensus target price of $18.33.

Tripadvisor Stock Performance

TRIP opened at $15.27 on Monday. The firm has a market capitalization of $2.13 billion, a PE ratio of 101.80, a PEG ratio of 2.30 and a beta of 1.39. Tripadvisor, Inc. has a 52-week low of $12.93 and a 52-week high of $28.76. The business’s 50-day simple moving average is $14.43 and its 200 day simple moving average is $17.54. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.68 and a current ratio of 1.68.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Tuesday, August 6th. The travel company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 1.32% and a return on equity of 11.81%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the company posted $0.21 earnings per share. As a group, sell-side analysts expect that Tripadvisor, Inc. will post 0.37 earnings per share for the current fiscal 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.