OxFORD Asset Management LLP lessened its holdings in shares of Tripadvisor Inc (NASDAQ:TRIP) by 39.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 74,571 shares of the travel company’s stock after selling 49,233 shares during the quarter. OxFORD Asset Management LLP owned about 0.05% of Tripadvisor worth $3,028,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of TRIP. Bank of Montreal Can boosted its position in shares of Tripadvisor by 20.6% during the 2nd quarter. Bank of Montreal Can now owns 49,999 shares of the travel company’s stock valued at $1,909,000 after acquiring an additional 8,531 shares during the last quarter. Aperio Group LLC boosted its position in shares of Tripadvisor by 34.4% during the 2nd quarter. Aperio Group LLC now owns 28,714 shares of the travel company’s stock valued at $1,097,000 after acquiring an additional 7,355 shares during the last quarter. Shell Asset Management Co. boosted its position in shares of Tripadvisor by 28.4% during the 2nd quarter. Shell Asset Management Co. now owns 8,776 shares of the travel company’s stock valued at $335,000 after acquiring an additional 1,942 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Tripadvisor by 4.5% during the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 10,930 shares of the travel company’s stock valued at $417,000 after acquiring an additional 466 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in shares of Tripadvisor by 5.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 15,950 shares of the travel company’s stock valued at $609,000 after acquiring an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Tripadvisor Inc (NASDAQ:TRIP) opened at $34.50 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.47 and a quick ratio of 2.47. The company has a market capitalization of $4,784.35, a P/E ratio of 49.93, a price-to-earnings-growth ratio of 2.79 and a beta of 2.32. Tripadvisor Inc has a 12 month low of $29.50 and a 12 month high of $53.58.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Monday, November 6th. The travel company reported $0.36 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.36. The business had revenue of $439.00 million for the quarter, compared to analysts’ expectations of $451.27 million. Tripadvisor had a return on equity of 6.81% and a net margin of 4.26%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 EPS. equities analysts predict that Tripadvisor Inc will post 0.69 earnings per share for the current fiscal year.

A number of equities analysts recently weighed in on the company. SunTrust Banks assumed coverage on Tripadvisor in a report on Tuesday, August 15th. They set a “hold” rating and a $44.00 price objective on the stock. Jefferies Group reissued a “sell” rating and set a $35.00 price objective on shares of Tripadvisor in a report on Thursday, September 28th. Wells Fargo & Company reissued a “market perform” rating and set a $33.00 price objective (down from $42.00) on shares of Tripadvisor in a report on Wednesday, November 8th. Hilliard Lyons cut Tripadvisor from a “buy” rating to a “neutral” rating in a report on Wednesday, November 8th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $38.00 price objective on shares of Tripadvisor in a report on Friday, November 3rd. Seven research analysts have rated the stock with a sell rating and twenty have issued a hold rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $39.44.

WARNING: “Tripadvisor Inc (TRIP) Shares Sold by OxFORD Asset Management LLP” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/12/10/tripadvisor-inc-trip-shares-sold-by-oxford-asset-management-llp.html.

About Tripadvisor

TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.

Want to see what other hedge funds are holding TRIP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tripadvisor Inc (NASDAQ:TRIP).

Institutional Ownership by Quarter for Tripadvisor (NASDAQ:TRIP)

Receive News & Stock Ratings for Tripadvisor Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tripadvisor Inc and related stocks with our FREE daily email newsletter.