Archon Capital Management LLC Decreases Stock Position in TripAdvisor, Inc. $TRIP

Archon Capital Management LLC decreased its position in TripAdvisor, Inc. (NASDAQ:TRIP) by 58.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,500 shares of the travel company’s stock after selling 105,500 shares during the quarter. Archon Capital Management LLC owned 0.05% of TripAdvisor worth $972,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in TRIP. Arrowstreet Capital Limited Partnership grew its holdings in TripAdvisor by 53.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,629,098 shares of the travel company’s stock valued at $34,310,000 after purchasing an additional 912,999 shares in the last quarter. Claret Asset Management Corp lifted its holdings in TripAdvisor by 65.0% in the 2nd quarter. Claret Asset Management Corp now owns 17,810 shares of the travel company’s stock worth $232,000 after buying an additional 7,017 shares in the last quarter. Panagora Asset Management Inc. purchased a new position in TripAdvisor in the 2nd quarter valued at about $133,000. Toronado Partners LLC boosted its position in TripAdvisor by 5.8% in the 2nd quarter. Toronado Partners LLC now owns 990,649 shares of the travel company’s stock valued at $12,928,000 after buying an additional 54,042 shares during the last quarter. Finally, New York State Common Retirement Fund grew its stake in shares of TripAdvisor by 73.7% during the second quarter. New York State Common Retirement Fund now owns 359,870 shares of the travel company’s stock valued at $4,696,000 after acquiring an additional 152,675 shares in the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity at TripAdvisor

In other news, insider Seth J. Kalvert sold 10,880 shares of TripAdvisor stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $20.04, for a total transaction of $218,035.20. Following the sale, the insider owned 136,914 shares of the company’s stock, valued at approximately $2,743,756.56. The trade was a 7.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.10% of the company’s stock.

TripAdvisor Stock Performance

TRIP stock opened at $15.04 on Friday. TripAdvisor, Inc. has a 1 year low of $10.43 and a 1 year high of $20.16. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 2.94 and a beta of 1.01. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.33 and a current ratio of 1.33. The stock’s fifty day moving average is $15.51 and its two-hundred day moving average is $15.99.

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings data on Thursday, November 6th. The travel company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. The business had revenue of $553.00 million for the quarter, compared to analysts’ expectations of $562.92 million. TripAdvisor had a net margin of 4.23% and a return on equity of 14.77%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 EPS. On average, research analysts predict that TripAdvisor, Inc. will post 0.46 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Sanford C. Bernstein reiterated an “outperform” rating and issued a $20.00 price target on shares of TripAdvisor in a research note on Friday, November 7th. Mizuho set a $17.00 price objective on TripAdvisor and gave the stock a “neutral” rating in a report on Friday, November 14th. Wall Street Zen cut TripAdvisor from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Citigroup raised their price target on shares of TripAdvisor from $16.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, August 18th. Finally, Barclays dropped their price target on shares of TripAdvisor from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $16.66.

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: 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.