Maverick Capital Ltd. Purchases New Shares in Tripadvisor, Inc. (NASDAQ:TRIP)

Maverick Capital Ltd. acquired a new stake in Tripadvisor, Inc. (NASDAQ:TRIP) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 179,289 shares of the travel company’s stock, valued at approximately $3,193,000. Maverick Capital Ltd. owned about 0.13% of Tripadvisor as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in TRIP. Fifth Third Bancorp raised its holdings in shares of Tripadvisor by 104.1% in the second quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock valued at $30,000 after buying an additional 846 shares during the last quarter. Quest Partners LLC raised its stake in shares of Tripadvisor by 14,244.4% in the second quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock worth $46,000 after acquiring an additional 2,564 shares during the last quarter. Gladius Capital Management LP acquired a new position in shares of Tripadvisor during the second quarter worth approximately $79,000. Future Financial Wealth Managment LLC acquired a new position in shares of Tripadvisor during the first quarter worth approximately $83,000. Finally, SYSTM Wealth Solutions LLC grew its stake in shares of Tripadvisor by 10.5% during the first quarter. SYSTM Wealth Solutions LLC now owns 4,527 shares of the travel company’s stock valued at $126,000 after purchasing an additional 432 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Tripadvisor Stock Performance

Shares of Tripadvisor stock opened at $14.57 on Friday. The stock’s fifty day simple moving average is $14.93 and its 200 day simple moving average is $19.53. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $2.02 billion, a PE ratio of 97.14, a PEG ratio of 2.23 and a beta of 1.39. Tripadvisor, Inc. has a 12 month low of $12.93 and a 12 month high of $28.76.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Tuesday, August 6th. The travel company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Tripadvisor had a return on equity of 11.81% and a net margin of 1.32%. The company had revenue of $497.00 million for the quarter, compared to analyst estimates of $504.76 million. During the same quarter last year, the firm posted $0.21 earnings per share. Tripadvisor’s revenue was up .6% compared to the same quarter last year. On average, research analysts predict that Tripadvisor, Inc. will post 0.37 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Cantor Fitzgerald reaffirmed an “underweight” rating and set a $12.00 price objective on shares of Tripadvisor in a report on Monday. DA Davidson cut their price target on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. BTIG Research lowered their price objective on Tripadvisor from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. JPMorgan Chase & Co. cut their target price on shares of Tripadvisor from $17.00 to $14.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 7th. Finally, BMO Capital Markets lowered their price target on shares of Tripadvisor from $20.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $18.33.

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.