AQR Capital Management LLC Purchases 962,262 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

AQR Capital Management LLC lifted its holdings in shares of Tripadvisor, Inc. (NASDAQ:TRIP - Free Report) by 40.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,364,542 shares of the travel company's stock after buying an additional 962,262 shares during the period. AQR Capital Management LLC owned about 2.41% of Tripadvisor worth $49,694,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Bogart Wealth LLC bought a new position in Tripadvisor in the fourth quarter valued at approximately $30,000. Blue Trust Inc. increased its holdings in Tripadvisor by 204.4% during the fourth quarter. Blue Trust Inc. now owns 2,298 shares of the travel company's stock worth $33,000 after buying an additional 1,543 shares during the last quarter. Aster Capital Management DIFC Ltd raised its position in Tripadvisor by 83.8% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company's stock worth $50,000 after acquiring an additional 1,557 shares in the last quarter. GAMMA Investing LLC lifted its stake in Tripadvisor by 204.7% in the fourth quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company's stock valued at $54,000 after acquiring an additional 2,469 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Tripadvisor during the 4th quarter worth about $58,000. Institutional investors own 98.99% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TRIP shares. StockNews.com upgraded Tripadvisor from a "hold" rating to a "buy" rating in a research note on Monday, February 24th. UBS Group decreased their price objective on shares of Tripadvisor from $18.00 to $15.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. B. Riley cut their target price on shares of Tripadvisor from $20.00 to $18.00 and set a "neutral" rating for the company in a research note on Monday, March 10th. Mizuho upgraded shares of Tripadvisor to a "hold" rating in a research note on Friday, April 18th. Finally, Cantor Fitzgerald cut their price objective on shares of Tripadvisor from $14.00 to $13.00 and set an "underweight" rating for the company in a research report on Friday, February 21st. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $17.14.

Tripadvisor Price Performance

TRIP stock traded up $1.46 during midday trading on Wednesday, reaching $14.22. The company had a trading volume of 3,061,858 shares, compared to its average volume of 2,480,681. The stock has a 50 day moving average price of $13.15 and a 200-day moving average price of $14.62. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.10 and a quick ratio of 1.85. Tripadvisor, Inc. has a 1-year low of $10.43 and a 1-year high of $25.95. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 711.86, a price-to-earnings-growth ratio of 9.01 and a beta of 1.27.

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