Tripadvisor, Inc. (NASDAQ:TRIP) Stock Position Increased by Versor Investments LP

Versor Investments LP raised its position in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 111.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,433 shares of the travel company’s stock after purchasing an additional 9,184 shares during the period. Versor Investments LP’s holdings in Tripadvisor were worth $310,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Fifth Third Bancorp boosted its position in shares of Tripadvisor by 104.1% during the second 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 period. Quadrant Capital Group LLC lifted its position in Tripadvisor by 52.6% in the fourth quarter. Quadrant Capital Group LLC now owns 2,497 shares of the travel company’s stock worth $54,000 after purchasing an additional 861 shares during the period. Future Financial Wealth Managment LLC bought a new position in Tripadvisor during the 1st quarter valued at $83,000. Gladius Capital Management LP acquired a new position in shares of Tripadvisor during the 2nd quarter valued at $79,000. Finally, SYSTM Wealth Solutions LLC raised its stake in shares of Tripadvisor by 10.5% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 4,527 shares of the travel company’s stock worth $126,000 after buying an additional 432 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

Tripadvisor Price Performance

NASDAQ TRIP opened at $13.93 on Friday. The company has a 50 day simple moving average of $16.05 and a 200-day simple moving average of $20.86. Tripadvisor, Inc. has a 52-week low of $13.30 and a 52-week high of $28.76. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 92.87, a price-to-earnings-growth ratio of 1.88 and a beta of 1.39. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.68 and a quick ratio of 1.68.

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on TRIP shares. TD Cowen dropped their price target on shares of Tripadvisor from $25.00 to $15.00 and set a “hold” rating on the stock in a research report on Thursday, August 22nd. Barclays cut their target price 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. B. Riley lowered shares of Tripadvisor from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $26.00 to $19.00 in a research report on Wednesday, August 7th. UBS Group cut their price objective on Tripadvisor from $20.00 to $18.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Finally, Truist Financial decreased their target price on Tripadvisor from $21.00 to $17.00 and set a “hold” rating on the stock in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $19.13.

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.