Blueshift Asset Management LLC Makes New $299,000 Investment in Tripadvisor, Inc. (NASDAQ:TRIP)

Blueshift Asset Management LLC purchased a new stake in Tripadvisor, Inc. (NASDAQ:TRIP) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 20,632 shares of the travel company’s stock, valued at approximately $299,000.

A number of other hedge funds have also recently made changes to their positions in TRIP. Pacer Advisors Inc. grew its position in Tripadvisor by 167.6% during the third quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company’s stock worth $73,431,000 after buying an additional 3,173,817 shares in the last quarter. Boston Partners bought a new stake in shares of Tripadvisor during the 1st quarter valued at about $131,887,000. River Road Asset Management LLC grew its holdings in shares of Tripadvisor by 33.3% during the third quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company’s stock worth $53,179,000 after purchasing an additional 917,689 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Tripadvisor by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,733,746 shares of the travel company’s stock worth $48,686,000 after purchasing an additional 95,138 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in Tripadvisor by 53.0% in the second quarter. AQR Capital Management LLC now owns 2,375,868 shares of the travel company’s stock valued at $41,364,000 after purchasing an additional 822,712 shares in the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on TRIP. UBS Group cut their price target on shares of Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. The Goldman Sachs Group reduced their target price on Tripadvisor from $27.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Truist Financial dropped their price target on Tripadvisor from $21.00 to $17.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. DA Davidson reduced their price objective on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Finally, BMO Capital Markets dropped their target price on Tripadvisor from $20.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $18.33.

Tripadvisor Stock Performance

Shares of NASDAQ:TRIP opened at $14.10 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. The company has a 50-day moving average price of $14.85 and a 200-day moving average price of $15.98. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 61.31, a price-to-earnings-growth ratio of 9.85 and a beta of 1.37. Tripadvisor, Inc. has a 12 month low of $12.93 and a 12 month high of $28.76.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The business had revenue of $532.00 million during the quarter, compared to analyst estimates of $527.86 million. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. Tripadvisor’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 EPS. As a group, equities analysts anticipate that Tripadvisor, Inc. will post 0.36 EPS for the current year.

About Tripadvisor

TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.