Cubist Systematic Strategies LLC bought a new position in Tripadvisor Inc (NASDAQ:TRIP) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 25,138 shares of the travel company’s stock, valued at approximately $1,019,000.

Several other institutional investors have also modified their holdings of the company. FNY Managed Accounts LLC acquired a new stake in Tripadvisor during the third quarter valued at $101,000. D.A. Davidson & CO. boosted its position in Tripadvisor by 957.0% during the third quarter. D.A. Davidson & CO. now owns 5,655 shares of the travel company’s stock valued at $229,000 after purchasing an additional 5,120 shares during the last quarter. BlueMountain Capital Management LLC acquired a new stake in Tripadvisor during the second quarter valued at $242,000. Cutter & CO Brokerage Inc. boosted its position in Tripadvisor by 0.5% during the second quarter. Cutter & CO Brokerage Inc. now owns 6,520 shares of the travel company’s stock valued at $249,000 after purchasing an additional 30 shares during the last quarter. Finally, Westfield Capital Management Co. LP acquired a new stake in Tripadvisor during the second quarter valued at $252,000. 88.73% of the stock is owned by institutional investors and hedge funds.

Tripadvisor Inc (NASDAQ:TRIP) opened at $34.77 on Wednesday. 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 $4,864.90, a PE ratio of 50.77, a PEG ratio of 2.84 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 posted its quarterly earnings data on Monday, November 6th. The travel company reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. The business had revenue of $439.00 million for the quarter, compared to analyst estimates of $451.27 million. Tripadvisor had a return on equity of 6.81% and a net margin of 4.26%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 earnings per share. research analysts predict that Tripadvisor Inc will post 0.69 EPS for the current fiscal year.

TRIP has been the subject of a number of research reports. SunTrust Banks reissued a “hold” rating and set a $44.00 price objective on shares of Tripadvisor in a research report on Thursday, October 12th. Zacks Investment Research cut Tripadvisor from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Hilliard Lyons cut Tripadvisor from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 8th. Cowen reissued a “hold” rating and set a $42.00 price objective on shares of Tripadvisor in a research report on Tuesday, September 12th. Finally, Citigroup reissued a “neutral” rating and set a $41.00 price objective (up previously from $39.00) on shares of Tripadvisor in a research report on Tuesday, October 3rd. Seven research analysts have rated the stock with a sell rating and twenty have given a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $39.44.

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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.

Institutional Ownership by Quarter for Tripadvisor (NASDAQ:TRIP)

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