Acadian Asset Management LLC Reduces Position in TripAdvisor, Inc. $TRIP

Acadian Asset Management LLC trimmed its holdings in TripAdvisor, Inc. (NASDAQ:TRIP) by 13.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 542,122 shares of the travel company’s stock after selling 81,281 shares during the period. Acadian Asset Management LLC owned 0.38% of TripAdvisor worth $7,070,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Nuveen LLC purchased a new stake in TripAdvisor during the 1st quarter valued at about $32,536,000. Royal Bank of Canada lifted its stake in TripAdvisor by 82,306.8% in the 1st quarter. Royal Bank of Canada now owns 1,528,647 shares of the travel company’s stock worth $21,661,000 after purchasing an additional 1,526,792 shares in the last quarter. Palliser Capital UK Ltd acquired a new position in shares of TripAdvisor during the 2nd quarter worth approximately $16,192,000. Ameriprise Financial Inc. boosted its holdings in shares of TripAdvisor by 27.7% during the 1st quarter. Ameriprise Financial Inc. now owns 5,635,384 shares of the travel company’s stock worth $79,852,000 after purchasing an additional 1,222,958 shares during the last quarter. Finally, GMT Capital Corp purchased a new stake in shares of TripAdvisor in the first quarter valued at approximately $8,081,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TRIP. UBS Group reiterated a “neutral” rating on shares of TripAdvisor in a research report on Sunday, August 10th. Citigroup raised their target price on TripAdvisor from $16.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday, August 18th. Barclays lowered their price target on shares of TripAdvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a research report on Friday, November 7th. Weiss Ratings reissued a “hold (c-)” rating on shares of TripAdvisor in a report on Thursday, October 30th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $20.00 price objective on shares of TripAdvisor in a research report on Friday, November 7th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, TripAdvisor currently has a consensus rating of “Reduce” and an average price target of $16.39.

Insider Activity

In related news, insider Seth J. Kalvert sold 10,880 shares of the stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $20.04, for a total transaction of $218,035.20. Following the transaction, the insider owned 136,914 shares of the company’s stock, valued at approximately $2,743,756.56. This represents a 7.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.10% of the company’s stock.

TripAdvisor Stock Performance

Shares of TRIP stock opened at $15.85 on Thursday. The firm’s 50 day moving average price is $16.56 and its 200-day moving average price is $15.92. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.24 and a current ratio of 1.24. TripAdvisor, Inc. has a one year low of $10.43 and a one year high of $20.16. The firm has a market cap of $1.84 billion, a P/E ratio of 33.02, a P/E/G ratio of 2.49 and a beta of 1.21.

TripAdvisor (NASDAQ:TRIP) last posted its earnings results on Thursday, November 6th. The travel company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07. TripAdvisor had a net margin of 3.53% and a return on equity of 12.40%. The firm had revenue of $553.00 million during the quarter, compared to the consensus estimate of $562.92 million. During the same quarter last year, the firm earned $0.50 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, equities research analysts predict that TripAdvisor, Inc. will post 0.46 EPS for the current 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.