Point72 Asset Management L.P. Boosts Stock Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Point72 Asset Management L.P. raised its position in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 483.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 723,904 shares of the travel company's stock after acquiring an additional 599,933 shares during the quarter. Point72 Asset Management L.P. owned approximately 0.52% of Tripadvisor worth $10,692,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Quantinno Capital Management LP boosted its holdings in shares of Tripadvisor by 177.4% during the 4th quarter. Quantinno Capital Management LP now owns 108,689 shares of the travel company's stock worth $1,605,000 after purchasing an additional 69,508 shares during the last quarter. Man Group plc acquired a new position in shares of Tripadvisor during the 4th quarter worth approximately $454,000. Nuveen Asset Management LLC boosted its holdings in shares of Tripadvisor by 58.8% during the 4th quarter. Nuveen Asset Management LLC now owns 1,607,302 shares of the travel company's stock worth $23,740,000 after purchasing an additional 595,053 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Tripadvisor by 11.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,299 shares of the travel company's stock worth $935,000 after purchasing an additional 6,465 shares during the last quarter. Finally, Gotham Asset Management LLC lifted its holdings in Tripadvisor by 170.6% in the fourth quarter. Gotham Asset Management LLC now owns 1,073,773 shares of the travel company's stock valued at $15,860,000 after acquiring an additional 676,977 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company's stock.

Insider Transactions at Tripadvisor

In other news, CEO Almir Ambeskovic sold 16,643 shares of the company's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $15.33, for a total transaction of $255,137.19. Following the sale, the chief executive officer now owns 15,931 shares of the company's stock, valued at approximately $244,222.23. This represents a 51.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.10% of the company's stock.

Tripadvisor Stock Down 7.3%

Shares of Tripadvisor stock traded down $1.07 during trading hours on Wednesday, reaching $13.54. 2,854,814 shares of the company were exchanged, compared to its average volume of 2,370,118. Tripadvisor, Inc. has a 1 year low of $10.43 and a 1 year high of $18.80. The stock's fifty day moving average is $13.38 and its 200 day moving average is $14.57. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 2.10. The firm has a market cap of $1.92 billion, a PE ratio of 677.34, a PEG ratio of 9.01 and a beta of 1.27.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The travel company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.09. Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. The business had revenue of $398.00 million for the quarter, compared to analyst estimates of $386.94 million. During the same quarter in the prior year, the company earned $0.12 earnings per share. The company's revenue was up .8% on a year-over-year basis. As a group, equities research analysts forecast that Tripadvisor, Inc. will post 0.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on TRIP shares. StockNews.com upgraded Tripadvisor from a "hold" rating to a "buy" rating in a report on Monday, February 24th. B. Riley decreased their price target on Tripadvisor from $20.00 to $18.00 and set a "neutral" rating on the stock in a research note on Monday, March 10th. UBS Group upped their price target on Tripadvisor from $15.00 to $16.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. upped their price target on Tripadvisor from $11.00 to $13.00 and gave the stock an "underweight" rating in a research note on Friday, May 9th. Finally, Cantor Fitzgerald decreased their price target on Tripadvisor from $14.00 to $13.00 and set an "underweight" rating on the stock in a research note on Friday, February 21st. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $17.25.

Tripadvisor Profile

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.