TripAdvisor, Inc. $TRIP Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its position in shares of TripAdvisor, Inc. (NASDAQ:TRIP) by 57.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 677,836 shares of the travel company’s stock after acquiring an additional 246,196 shares during the quarter. Pacer Advisors Inc. owned about 0.58% of TripAdvisor worth $9,869,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versor Investments LP lifted its position in TripAdvisor by 159.0% during the 4th quarter. Versor Investments LP now owns 46,100 shares of the travel company’s stock worth $671,000 after acquiring an additional 28,300 shares during the period. Acorn Financial Advisory Services Inc. ADV lifted its position in TripAdvisor by 1.3% during the 4th quarter. Acorn Financial Advisory Services Inc. ADV now owns 64,053 shares of the travel company’s stock worth $933,000 after acquiring an additional 847 shares during the period. New York State Teachers Retirement System lifted its position in TripAdvisor by 7.3% during the 4th quarter. New York State Teachers Retirement System now owns 140,178 shares of the travel company’s stock worth $2,041,000 after acquiring an additional 9,492 shares during the period. Jennison Associates LLC acquired a new stake in TripAdvisor during the 4th quarter worth about $738,000. Finally, Comerica Bank lifted its position in TripAdvisor by 65.6% during the 4th quarter. Comerica Bank now owns 135,517 shares of the travel company’s stock worth $1,973,000 after acquiring an additional 53,697 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Wall Street Analyst Weigh In

TRIP has been the subject of a number of research reports. Barclays lowered their price target on TripAdvisor from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Monday. JPMorgan Chase & Co. decreased their price objective on TripAdvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Friday, May 8th. Wedbush decreased their price objective on TripAdvisor from $15.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, February 13th. UBS Group decreased their price objective on TripAdvisor from $16.00 to $13.70 and set a “neutral” rating for the company in a report on Monday, April 27th. Finally, The Goldman Sachs Group decreased their price objective on TripAdvisor from $25.00 to $22.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $14.30.

TripAdvisor Stock Performance

NASDAQ TRIP opened at $9.63 on Thursday. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 96.31, a PEG ratio of 1.74 and a beta of 0.91. TripAdvisor, Inc. has a twelve month low of $9.01 and a twelve month high of $20.16. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.36. The stock has a 50-day moving average of $10.49 and a 200 day moving average of $12.67.

TripAdvisor (NASDAQ:TRIP) last released its quarterly earnings results on Thursday, May 7th. The travel company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.08). The business had revenue of $382.40 million during the quarter, compared to analyst estimates of $384.69 million. TripAdvisor had a return on equity of 5.73% and a net margin of 0.99%.The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.14 EPS. Sell-side analysts anticipate that TripAdvisor, Inc. will post 0.74 EPS for the current fiscal year.

TripAdvisor Company Profile

TripAdvisor (NASDAQ:TRIP) is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company’s flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor’s offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.