Acadian Asset Management LLC Has $165,000 Holdings in Tripadvisor, Inc. (NASDAQ:TRIP)

Acadian Asset Management LLC raised its holdings in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 18.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,125 shares of the travel company’s stock after purchasing an additional 1,557 shares during the period. Acadian Asset Management LLC’s holdings in Tripadvisor were worth $165,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. raised its position in shares of Tripadvisor by 3.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 12,368 shares of the travel company’s stock valued at $335,000 after acquiring an additional 466 shares during the period. Raymond James & Associates raised its position in shares of Tripadvisor by 56.5% in the 1st quarter. Raymond James & Associates now owns 16,107 shares of the travel company’s stock valued at $437,000 after acquiring an additional 5,813 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of Tripadvisor by 435.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 60,450 shares of the travel company’s stock valued at $1,639,000 after acquiring an additional 49,157 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Tripadvisor in the 1st quarter valued at approximately $899,000. Finally, MetLife Investment Management LLC raised its position in shares of Tripadvisor by 39.1% in the 1st quarter. MetLife Investment Management LLC now owns 66,790 shares of the travel company’s stock valued at $1,811,000 after acquiring an additional 18,789 shares during the period. 74.17% of the stock is currently owned by institutional investors and hedge funds.

Tripadvisor Price Performance

NASDAQ:TRIP opened at $19.09 on Monday. Tripadvisor, Inc. has a 1-year low of $14.15 and a 1-year high of $27.30. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.08. The firm has a fifty day simple moving average of $16.06 and a 200 day simple moving average of $16.20. The stock has a market capitalization of $2.64 billion, a PE ratio of -106.06 and a beta of 1.43.

Analyst Upgrades and Downgrades

TRIP has been the topic of a number of analyst reports. Mizuho cut their price target on shares of Tripadvisor from $20.00 to $18.00 and set a “neutral” rating on the stock in a research report on Friday, August 4th. Credit Suisse Group lowered their target price on Tripadvisor from $26.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, August 4th. TD Cowen lowered their target price on Tripadvisor from $18.00 to $16.00 and set a “market perform” rating for the company in a research note on Monday, August 14th. Wedbush reissued a “neutral” rating and set a $20.00 target price (up from $17.00) on shares of Tripadvisor in a research note on Tuesday, November 7th. Finally, Jefferies Financial Group increased their target price on Tripadvisor from $14.00 to $15.00 and gave the stock an “underperform” rating in a research note on Tuesday, July 25th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $20.56.

Tripadvisor Company 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: Tripadvisor Core, Viator, and TheFork. The Tripadvisor Core 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.