Point72 Asset Management L.P. Acquires 599,933 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Point72 Asset Management L.P. grew its stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 483.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 723,904 shares of the travel company’s stock after acquiring an additional 599,933 shares during the period. Point72 Asset Management L.P.’s holdings in Tripadvisor were worth $10,692,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TRIP. Ameriprise Financial Inc. raised its stake in shares of Tripadvisor by 179.5% during the 4th quarter. Ameriprise Financial Inc. now owns 4,412,426 shares of the travel company’s stock valued at $65,172,000 after purchasing an additional 2,833,528 shares during the period. AQR Capital Management LLC grew its holdings in Tripadvisor by 40.1% during the 4th quarter. AQR Capital Management LLC now owns 3,364,542 shares of the travel company’s stock valued at $49,694,000 after buying an additional 962,262 shares in the last quarter. Toronado Partners LLC purchased a new position in Tripadvisor during the 4th quarter valued at about $10,533,000. Gotham Asset Management LLC increased its position in shares of Tripadvisor by 170.6% during the fourth quarter. Gotham Asset Management LLC now owns 1,073,773 shares of the travel company’s stock valued at $15,860,000 after buying an additional 676,977 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of Tripadvisor by 679.5% in the fourth quarter. SG Americas Securities LLC now owns 738,731 shares of the travel company’s stock worth $10,911,000 after buying an additional 643,963 shares in the last quarter. 98.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TRIP. StockNews.com raised Tripadvisor from a “hold” rating to a “buy” rating in a research note on Monday, February 24th. Cantor Fitzgerald decreased their price target on shares of Tripadvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Friday, February 21st. JPMorgan Chase & Co. lifted their price objective on shares of Tripadvisor from $11.00 to $13.00 and gave the stock an “underweight” rating in a report on Friday, May 9th. B. Riley reduced their target price on Tripadvisor from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, March 10th. Finally, DA Davidson restated a “neutral” rating and set a $16.00 price target on shares of Tripadvisor in a research report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $17.25.

Tripadvisor Price Performance

Shares of TRIP opened at $15.30 on Monday. The company has a market capitalization of $2.15 billion, a P/E ratio of 765.38, a price-to-earnings-growth ratio of 9.01 and a beta of 1.27. The company has a quick ratio of 1.85, a current ratio of 2.10 and a debt-to-equity ratio of 0.93. Tripadvisor, Inc. has a twelve month low of $10.43 and a twelve month high of $18.80. The firm has a 50 day moving average of $13.35 and a 200 day moving average of $14.59.

Tripadvisor (NASDAQ:TRIP) last issued its earnings results on Wednesday, May 7th. The travel company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.09. The business had revenue of $398.00 million during the quarter, compared to analyst estimates of $386.94 million. Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. Tripadvisor’s revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.12 EPS. As a group, equities research analysts anticipate that Tripadvisor, Inc. will post 0.46 earnings per share 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.