Lafayette Investments Inc. bought a new position in shares of Tripadvisor Inc (NASDAQ:TRIP) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 34,185 shares of the travel company’s stock, valued at approximately $1,386,000.
A number of other large investors have also recently made changes to their positions in TRIP. FNY Managed Accounts LLC purchased a new position in Tripadvisor during the 3rd quarter worth approximately $101,000. D.A. Davidson & CO. grew its holdings in shares of Tripadvisor by 957.0% during the 3rd quarter. D.A. Davidson & CO. now owns 5,655 shares of the travel company’s stock valued at $229,000 after acquiring an additional 5,120 shares in the last quarter. BlueMountain Capital Management LLC purchased a new position in shares of Tripadvisor during the 2nd quarter valued at $242,000. Cutter & CO Brokerage Inc. lifted its stake in shares of Tripadvisor by 0.5% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 6,520 shares of the travel company’s stock valued at $249,000 after purchasing an additional 30 shares during the last quarter. Finally, Westfield Capital Management Co. LP acquired a new stake in shares of Tripadvisor in the 2nd quarter valued at $252,000. 88.76% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have weighed in on TRIP. Jefferies Group reissued a “sell” rating and set a $35.00 target price on shares of Tripadvisor in a research report on Thursday, September 28th. Raymond James Financial reissued a “market perform” rating on shares of Tripadvisor in a research note on Tuesday, September 26th. Stifel Nicolaus decreased their price objective on shares of Tripadvisor from $40.00 to $32.00 and set a “hold” rating on the stock in a research note on Wednesday, November 8th. Zacks Investment Research lowered shares of Tripadvisor from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Finally, ValuEngine upgraded shares of Tripadvisor from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Seven equities research analysts have rated the stock with a sell rating and twenty have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $39.44.
Tripadvisor Inc (NASDAQ TRIP) opened at $34.71 on Thursday. The company has a market cap of $4,820.00, a PE ratio of 50.87, a price-to-earnings-growth ratio of 2.85 and a beta of 2.32. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 0.19. Tripadvisor Inc has a 1-year low of $29.50 and a 1-year high of $53.58.
Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Monday, November 6th. The travel company reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. Tripadvisor had a net margin of 4.26% and a return on equity of 6.81%. The company had revenue of $439.00 million for the quarter, compared to analyst estimates of $451.27 million. During the same period in the previous year, the firm posted $0.53 EPS. The firm’s revenue was up 4.3% on a year-over-year basis. equities research analysts predict that Tripadvisor Inc will post 0.69 earnings per share for the current year.
TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.
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