Quest Partners LLC Boosts Holdings in Tripadvisor, Inc. (NASDAQ:TRIP)

Quest Partners LLC increased its holdings in Tripadvisor, Inc. (NASDAQ:TRIP) by 14,244.4% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,582 shares of the travel company’s stock after purchasing an additional 2,564 shares during the period. Quest Partners LLC’s holdings in Tripadvisor were worth $46,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. X Square Capital LLC bought a new stake in shares of Tripadvisor in the 2nd quarter valued at about $178,000. Victory Capital Management Inc. boosted its stake in shares of Tripadvisor by 214.8% during the second quarter. Victory Capital Management Inc. now owns 176,180 shares of the travel company’s stock valued at $3,138,000 after purchasing an additional 120,209 shares during the period. Acorn Financial Advisory Services Inc. ADV boosted its stake in shares of Tripadvisor by 24.1% during the second quarter. Acorn Financial Advisory Services Inc. ADV now owns 76,569 shares of the travel company’s stock valued at $1,364,000 after purchasing an additional 14,851 shares during the period. Rhumbline Advisers grew its holdings in shares of Tripadvisor by 8.1% in the second quarter. Rhumbline Advisers now owns 278,067 shares of the travel company’s stock worth $4,952,000 after purchasing an additional 20,776 shares during the last quarter. Finally, Versor Investments LP increased its stake in shares of Tripadvisor by 111.3% in the second quarter. Versor Investments LP now owns 17,433 shares of the travel company’s stock worth $310,000 after buying an additional 9,184 shares during the period. Institutional investors own 98.99% of the company’s stock.

Tripadvisor Trading Up 1.0 %

Shares of NASDAQ TRIP opened at $14.06 on Thursday. Tripadvisor, Inc. has a 1 year low of $12.93 and a 1 year high of $28.76. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.68 and a quick ratio of 1.68. The firm has a 50-day moving average of $15.39 and a 200 day moving average of $20.02. The stock has a market cap of $1.95 billion, a P/E ratio of 93.74, a price-to-earnings-growth ratio of 1.76 and a beta of 1.39.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Tuesday, August 6th. The travel company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The company had revenue of $497.00 million for the quarter, compared to the consensus estimate of $504.76 million. Tripadvisor had a return on equity of 11.81% and a net margin of 1.32%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.21 EPS. As a group, sell-side analysts expect that Tripadvisor, Inc. will post 0.43 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. BMO Capital Markets cut their price target on shares of Tripadvisor from $20.00 to $17.00 and set a “market perform” rating on the stock in a report on Wednesday, August 7th. JPMorgan Chase & Co. reduced their price target on Tripadvisor from $17.00 to $14.00 and set an “underweight” rating on the stock in a report on Wednesday, August 7th. UBS Group dropped their price objective on Tripadvisor from $20.00 to $18.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. B. Riley cut Tripadvisor from a “buy” rating to a “neutral” rating and reduced their target price for the company from $26.00 to $19.00 in a research note on Wednesday, August 7th. Finally, BTIG Research dropped their price target on Tripadvisor from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Tripadvisor has an average rating of “Hold” and an average target price of $19.13.

Tripadvisor Company 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.