FORA Capital LLC Makes New $777,000 Investment in Tripadvisor, Inc. (NASDAQ:TRIP)

FORA Capital LLC purchased a new stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 53,631 shares of the travel company’s stock, valued at approximately $777,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in TRIP. Boston Partners purchased a new stake in Tripadvisor in the first quarter valued at approximately $131,887,000. Pacer Advisors Inc. increased its stake in shares of Tripadvisor by 167.6% in the third quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company’s stock worth $73,431,000 after acquiring an additional 3,173,817 shares during the period. Jupiter Asset Management Ltd. raised its holdings in shares of Tripadvisor by 1,150.2% during the second quarter. Jupiter Asset Management Ltd. now owns 1,684,505 shares of the travel company’s stock worth $30,001,000 after purchasing an additional 1,549,761 shares during the last quarter. River Road Asset Management LLC raised its holdings in shares of Tripadvisor by 33.3% during the third quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company’s stock worth $53,179,000 after purchasing an additional 917,689 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in Tripadvisor by 53.0% during the second quarter. AQR Capital Management LLC now owns 2,375,868 shares of the travel company’s stock valued at $41,364,000 after purchasing an additional 822,712 shares during the period. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Tripadvisor Trading Up 1.6 %

Shares of TRIP stock opened at $14.10 on Friday. Tripadvisor, Inc. has a fifty-two week low of $12.93 and a fifty-two week high of $28.76. The firm has a market capitalization of $1.96 billion, a P/E ratio of 61.31, a PEG ratio of 9.85 and a beta of 1.37. The stock’s fifty day moving average is $14.85 and its two-hundred day moving average is $15.98. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.06. The firm had revenue of $532.00 million for the quarter, compared to the consensus estimate of $527.86 million. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the firm posted $0.35 earnings per share. Research analysts expect that Tripadvisor, Inc. will post 0.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on TRIP shares. Wedbush reiterated a “neutral” rating and set a $17.00 price objective (up previously from $16.00) on shares of Tripadvisor in a research note on Thursday, November 7th. DA Davidson lowered their price objective on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. The Goldman Sachs Group cut their target price on shares of Tripadvisor from $27.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, August 8th. BTIG Research lowered their price target on shares of Tripadvisor from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Finally, StockNews.com lowered shares of Tripadvisor from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Tripadvisor presently has a consensus rating of “Hold” and a consensus target price of $18.33.

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.