DekaBank Deutsche Girozentrale raised its holdings in Tripadvisor Inc (NASDAQ:TRIP) by 9.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,761 shares of the travel company’s stock after acquiring an additional 1,733 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Tripadvisor were worth $1,095,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of TRIP. MERIAN GLOBAL INVESTORS UK Ltd lifted its holdings in Tripadvisor by 3,977.0% in the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,107,553 shares of the travel company’s stock valued at $107,632,000 after acquiring an additional 2,055,859 shares during the last quarter. Jackson Square Partners LLC lifted its holdings in Tripadvisor by 17.8% in the 3rd quarter. Jackson Square Partners LLC now owns 10,987,460 shares of the travel company’s stock valued at $561,129,000 after acquiring an additional 1,660,405 shares during the last quarter. Select Equity Group L.P. acquired a new stake in Tripadvisor during the 2nd quarter worth about $55,356,000. Smith Asset Management Group LP acquired a new stake in Tripadvisor during the 2nd quarter worth about $30,275,000. Finally, First Trust Advisors LP raised its holdings in Tripadvisor by 14.5% during the 3rd quarter. First Trust Advisors LP now owns 3,020,070 shares of the travel company’s stock worth $154,235,000 after buying an additional 382,771 shares during the period. 88.79% of the stock is owned by institutional investors.
Several analysts have issued reports on the company. Bank of America boosted their price objective on Tripadvisor from $38.00 to $43.00 and gave the stock an “underperform” rating in a report on Thursday, November 8th. SunTrust Banks boosted their price objective on Tripadvisor to $66.00 and gave the stock a “hold” rating in a report on Friday, November 9th. Wedbush restated a “neutral” rating and set a $66.00 price objective on shares of Tripadvisor in a report on Friday, November 9th. DA Davidson boosted their price objective on Tripadvisor to $62.00 and gave the stock a “neutral” rating in a report on Friday, November 9th. They noted that the move was a valuation call. Finally, UBS Group downgraded Tripadvisor from a “neutral” rating to a “sell” rating and boosted their price objective for the stock from $47.00 to $50.00 in a report on Friday, November 9th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, two have issued a buy rating and three have issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $55.71.
Shares of TRIP opened at $63.88 on Friday. The stock has a market capitalization of $8.70 billion, a PE ratio of 133.08, a price-to-earnings-growth ratio of 4.03 and a beta of 1.51. Tripadvisor Inc has a fifty-two week low of $34.00 and a fifty-two week high of $69.00.
Tripadvisor (NASDAQ:TRIP) last issued its earnings results on Wednesday, November 7th. The travel company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.24. The company had revenue of $458.00 million for the quarter, compared to the consensus estimate of $469.09 million. Tripadvisor had a return on equity of 7.46% and a net margin of 1.38%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.36 EPS. Sell-side analysts forecast that Tripadvisor Inc will post 1.12 earnings per share for the current fiscal year.
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Tripadvisor Company Profile
TripAdvisor, Inc operates as an online travel company. The company operates in two segments, Hotel and Non-Hotel. Its travel platform aggregates reviews and opinions of members about destinations, accommodations, activities and attractions, and restaurants, which enables users to research and plan their travel experiences, as well as book hotels, flights, cruises, vacation rentals, tours, activities and attractions, and restaurant reservations on its site or mobile app, or on the site or app of travel partner sites.
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