Gotham Asset Management LLC Buys 676,977 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Gotham Asset Management LLC increased its position in Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 170.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,073,773 shares of the travel company's stock after acquiring an additional 676,977 shares during the quarter. Gotham Asset Management LLC owned about 0.77% of Tripadvisor worth $15,860,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Ameriprise Financial Inc. grew its position in shares of Tripadvisor by 179.5% during the 4th quarter. Ameriprise Financial Inc. now owns 4,412,426 shares of the travel company's stock valued at $65,172,000 after purchasing an additional 2,833,528 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Tripadvisor by 40.1% in the 4th quarter. AQR Capital Management LLC now owns 3,364,542 shares of the travel company's stock valued at $49,694,000 after acquiring an additional 962,262 shares in the last quarter. Toronado Partners LLC bought a new stake in shares of Tripadvisor during the 4th quarter valued at about $10,533,000. SG Americas Securities LLC grew its holdings in shares of Tripadvisor by 679.5% during the fourth quarter. SG Americas Securities LLC now owns 738,731 shares of the travel company's stock worth $10,911,000 after purchasing an additional 643,963 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Tripadvisor by 20.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,633,866 shares of the travel company's stock worth $53,674,000 after purchasing an additional 615,519 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company's stock.

Tripadvisor Trading Up 0.5 %

NASDAQ TRIP opened at $15.02 on Friday. The stock has a market cap of $2.11 billion, a P/E ratio of 751.38, a price-to-earnings-growth ratio of 9.01 and a beta of 1.27. Tripadvisor, Inc. has a fifty-two week low of $10.43 and a fifty-two week high of $19.37. The stock has a 50 day simple moving average of $13.18 and a two-hundred day simple moving average of $14.61. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 2.10.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The travel company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.09. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. The business had revenue of $398.00 million for the quarter, compared to analysts' expectations of $386.94 million. During the same quarter in the previous year, the business posted $0.12 earnings per share. The firm's revenue for the quarter was up .8% compared to the same quarter last year. On average, 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 firms have commented on TRIP. Cantor Fitzgerald cut their price target on shares of Tripadvisor from $14.00 to $13.00 and set an "underweight" rating for the company in a research note on Friday, February 21st. JPMorgan Chase & Co. increased their target price on Tripadvisor from $11.00 to $13.00 and gave the company an "underweight" rating in a research note on Friday. B. Riley reduced their price objective on Tripadvisor from $20.00 to $18.00 and set a "neutral" rating on the stock in a research report on Monday, March 10th. Mizuho upgraded shares of Tripadvisor to a "hold" rating in a research report on Friday, April 18th. Finally, UBS Group boosted their price objective on shares of Tripadvisor from $15.00 to $16.00 and gave the stock a "neutral" rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target 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.

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