Tripadvisor Inc (NASDAQ:TRIP) Stake Lifted by Pacer Advisors Inc.
Pacer Advisors Inc. boosted its holdings in shares of Tripadvisor Inc (NASDAQ:TRIP) by 13.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,587 shares of the travel company’s stock after purchasing an additional 1,104 shares during the period. Pacer Advisors Inc.’s holdings in Tripadvisor were worth $444,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Cullen Frost Bankers Inc. purchased a new stake in shares of Tripadvisor in the 2nd quarter valued at approximately $27,000. MUFG Americas Holdings Corp increased its stake in Tripadvisor by 136.1% in the 2nd quarter. MUFG Americas Holdings Corp now owns 687 shares of the travel company’s stock valued at $32,000 after buying an additional 396 shares during the period. Glassman Wealth Services increased its stake in Tripadvisor by 4,518.8% in the 2nd quarter. Glassman Wealth Services now owns 739 shares of the travel company’s stock valued at $34,000 after buying an additional 723 shares during the period. Meridian Wealth Management LLC acquired a new position in Tripadvisor in the 1st quarter valued at approximately $42,000. Finally, CSat Investment Advisory L.P. increased its stake in Tripadvisor by 65.1% in the 1st quarter. CSat Investment Advisory L.P. now owns 1,083 shares of the travel company’s stock valued at $56,000 after buying an additional 427 shares during the period. 85.97% of the stock is owned by institutional investors and hedge funds.
Several research firms have weighed in on TRIP. Stifel Nicolaus reiterated a “hold” rating and issued a $50.00 price objective on shares of Tripadvisor in a research note on Friday, August 9th. DA Davidson upgraded shares of Tripadvisor from a “neutral” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Thursday, June 27th. Barclays dropped their price target on shares of Tripadvisor from $70.00 to $64.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. UBS Group upgraded shares of Tripadvisor from a “sell” rating to a “neutral” rating and dropped their price target for the stock from $44.00 to $40.00 in a research note on Wednesday, September 4th. Finally, Needham & Company LLC assumed coverage on shares of Tripadvisor in a research note on Monday, May 20th. They set a “buy” rating and a $63.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $54.63.
Tripadvisor stock traded down $0.37 during mid-day trading on Tuesday, reaching $40.78. The company had a trading volume of 15,511 shares, compared to its average volume of 1,760,080. Tripadvisor Inc has a 52 week low of $35.41 and a 52 week high of $69.00. The company has a 50 day moving average of $39.98 and a 200-day moving average of $46.60. The firm has a market cap of $5.66 billion, a price-to-earnings ratio of 38.77, a PEG ratio of 2.06 and a beta of 1.37.
Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Wednesday, August 7th. The travel company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.08). The company had revenue of $422.00 million during the quarter, compared to the consensus estimate of $445.46 million. Tripadvisor had a net margin of 8.49% and a return on equity of 10.63%. Tripadvisor’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period last year, the company earned $0.41 earnings per share. On average, equities research analysts predict that Tripadvisor Inc will post 1.24 EPS for the current year.
TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotel and Non-Hotel. The company operates TripAdvisor-branded Websites, including tripadvisor.com in the United States; and localized versions of the Website in 48 markets and 28 languages. It also manages and operates other travel media brands that provide users the comprehensive travel-planning and trip-taking resources in the travel industry, such as airfarewatchdog.com, bookingbuddy.com, cruisecritic.com, familyvacationcritic.com, flipkey.com, thefork.com, holidaywatchdog.com, housetrip.com, jetsetter.com, niumba.com, onetime.com, oyster.com, seatguru.com, smartertravel.com, tingo.com, vacationhomerentals.com, and viator.com, as well as www.bokun.io and holidaylettings.co.uk.
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