Quantinno Capital Management LP Has $568,000 Stake in Tripadvisor, Inc. (NASDAQ:TRIP)

Quantinno Capital Management LP decreased its holdings in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 79.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,181 shares of the travel company’s stock after selling 149,311 shares during the period. Quantinno Capital Management LP’s holdings in Tripadvisor were worth $568,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Point72 Asset Management L.P. bought a new position in shares of Tripadvisor in the 3rd quarter worth $1,796,000. Polar Asset Management Partners Inc. bought a new position in Tripadvisor in the 3rd quarter valued at $1,029,000. Jacobs Levy Equity Management Inc. grew its position in Tripadvisor by 15.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,566,342 shares of the travel company’s stock valued at $37,186,000 after buying an additional 334,961 shares during the period. Holocene Advisors LP purchased a new stake in shares of Tripadvisor during the 3rd quarter worth approximately $2,745,000. Finally, True Wealth Design LLC purchased a new stake in Tripadvisor in the third quarter worth $27,000. 98.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TRIP has been the subject of a number of recent research reports. Wedbush reiterated a “neutral” rating and issued a $17.00 price objective (up from $16.00) on shares of Tripadvisor in a research note on Thursday, November 7th. Citigroup decreased their price target on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th. Truist Financial dropped their target price on Tripadvisor from $21.00 to $17.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. UBS Group lowered their price target on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Finally, StockNews.com lowered Tripadvisor from a “buy” rating to a “hold” rating in a research note on Saturday. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $18.33.

Tripadvisor Stock Up 0.7 %

NASDAQ:TRIP opened at $13.77 on Friday. Tripadvisor, Inc. has a 1-year low of $12.93 and a 1-year high of $28.76. The firm’s 50-day moving average price is $14.74 and its 200-day moving average price is $15.62. The company has a market capitalization of $1.92 billion, a PE ratio of 59.87, a P/E/G ratio of 9.35 and a beta of 1.36. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.85 and a quick ratio of 1.85.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Wednesday, November 6th. The travel company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.44 by $0.06. The company had revenue of $532.00 million for the quarter, compared to the consensus estimate of $527.86 million. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. Tripadvisor’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.35 EPS. On average, equities analysts predict that Tripadvisor, Inc. will post 0.37 EPS 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.