Arrowstreet Capital Limited Partnership Boosts Stock Holdings in TripAdvisor, Inc. $TRIP

Arrowstreet Capital Limited Partnership grew its holdings in TripAdvisor, Inc. (NASDAQ:TRIP) by 53.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,629,098 shares of the travel company’s stock after purchasing an additional 912,999 shares during the period. Arrowstreet Capital Limited Partnership owned about 1.85% of TripAdvisor worth $34,310,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its position in TripAdvisor by 86.9% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,055 shares of the travel company’s stock worth $43,000 after purchasing an additional 1,420 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of TripAdvisor by 419.8% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,893 shares of the travel company’s stock worth $55,000 after acquiring an additional 3,144 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in TripAdvisor by 376.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,127 shares of the travel company’s stock valued at $67,000 after acquiring an additional 4,052 shares during the last quarter. Quarry LP increased its position in TripAdvisor by 571.0% during the first quarter. Quarry LP now owns 5,697 shares of the travel company’s stock valued at $81,000 after acquiring an additional 4,848 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in TripAdvisor by 1,183.2% in the first quarter. Jones Financial Companies Lllp now owns 6,416 shares of the travel company’s stock valued at $85,000 after acquiring an additional 5,916 shares during the period. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on TRIP shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TripAdvisor in a report on Monday. Wall Street Zen lowered TripAdvisor from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Citigroup raised their target price on TripAdvisor from $16.00 to $19.00 and gave the stock a “neutral” rating in a report on Monday, August 18th. UBS Group reissued a “neutral” rating on shares of TripAdvisor in a report on Sunday, August 10th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $20.00 price target 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $16.66.

TripAdvisor Stock Up 1.9%

Shares of TRIP opened at $15.32 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 23.94, a price-to-earnings-growth ratio of 2.89 and a beta of 1.01. TripAdvisor, Inc. has a 1 year low of $10.43 and a 1 year high of $20.16. The business’s 50 day simple moving average is $15.48 and its 200-day simple moving average is $15.99.

TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Thursday, November 6th. The travel company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. The firm had revenue of $553.00 million during the quarter, compared to the consensus estimate of $562.92 million. TripAdvisor had a net margin of 4.23% and a return on equity of 14.77%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.50 EPS. As a group, equities analysts expect that TripAdvisor, Inc. will post 0.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Seth J. Kalvert sold 10,880 shares of the business’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $20.04, for a total transaction of $218,035.20. Following the completion of the sale, the insider directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.10% of the stock is owned by company insiders.

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.