Jackson Creek Investment Advisors LLC Purchases Shares of 52,386 Tripadvisor, Inc. (NASDAQ:TRIP)

Jackson Creek Investment Advisors LLC purchased a new position in Tripadvisor, Inc. (NASDAQ:TRIP) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 52,386 shares of the travel company’s stock, valued at approximately $1,128,000.

Other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC raised its position in shares of Tripadvisor by 38.1% during the third quarter. AQR Capital Management LLC now owns 5,115,807 shares of the travel company’s stock valued at $84,820,000 after buying an additional 1,410,932 shares during the last quarter. Vanguard Group Inc. grew its holdings in Tripadvisor by 11.7% during the 3rd quarter. Vanguard Group Inc. now owns 12,084,674 shares of the travel company’s stock valued at $200,364,000 after buying an additional 1,263,706 shares in the last quarter. Kettle Hill Capital Management LLC purchased a new stake in shares of Tripadvisor during the 3rd quarter worth approximately $19,626,000. Maple Rock Capital Partners Inc. bought a new position in shares of Tripadvisor during the 3rd quarter valued at approximately $16,431,000. Finally, Handelsbanken Fonder AB raised its stake in Tripadvisor by 1,758.8% during the fourth quarter. Handelsbanken Fonder AB now owns 369,900 shares of the travel company’s stock valued at $7,964,000 after purchasing an additional 350,000 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analyst Ratings Changes

TRIP has been the topic of a number of research reports. B. Riley restated a “buy” rating and issued a $34.00 target price (up from $27.00) on shares of Tripadvisor in a report on Friday, February 16th. The Goldman Sachs Group raised their price objective on Tripadvisor from $23.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Citigroup increased their price target on Tripadvisor from $23.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. UBS Group boosted their price objective on shares of Tripadvisor from $21.00 to $27.00 and gave the company a “neutral” rating in a research report on Friday, February 16th. Finally, StockNews.com raised shares of Tripadvisor from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, Tripadvisor presently has a consensus rating of “Hold” and an average price target of $24.12.

Tripadvisor Stock Performance

Shares of NASDAQ TRIP traded down $0.67 during mid-day trading on Tuesday, hitting $26.33. The stock had a trading volume of 1,388,387 shares, compared to its average volume of 2,354,689. The firm has a market cap of $3.63 billion, a PE ratio of 438.83, a PEG ratio of 1.73 and a beta of 1.57. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.27 and a current ratio of 2.27. The company has a 50 day moving average of $26.94 and a two-hundred day moving average of $22.08. Tripadvisor, Inc. has a twelve month low of $14.15 and a twelve month high of $28.76.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Wednesday, February 14th. The travel company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.14. The company had revenue of $390.00 million for the quarter, compared to the consensus estimate of $372.93 million. Tripadvisor had a net margin of 0.56% and a return on equity of 11.69%. Research analysts predict that Tripadvisor, Inc. will post 0.88 EPS for the current fiscal 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.