89,879 Shares in TripAdvisor, Inc. $TRIP Bought by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC bought a new position in shares of TripAdvisor, Inc. (NASDAQ:TRIP) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 89,879 shares of the travel company’s stock, valued at approximately $1,173,000.

A number of other institutional investors have also added to or reduced their stakes in TRIP. Penserra Capital Management LLC boosted its position in shares of TripAdvisor by 0.3% during the 2nd quarter. Penserra Capital Management LLC now owns 240,847 shares of the travel company’s stock valued at $3,143,000 after acquiring an additional 745 shares during the last quarter. Bank of New York Mellon Corp raised its stake in TripAdvisor by 7.4% in the second quarter. Bank of New York Mellon Corp now owns 799,569 shares of the travel company’s stock valued at $10,434,000 after purchasing an additional 54,954 shares in the last quarter. Palogic Value Management L.P. bought a new stake in TripAdvisor during the second quarter valued at approximately $1,109,000. Versor Investments LP grew its stake in TripAdvisor by 75.5% in the 2nd quarter. Versor Investments LP now owns 18,774 shares of the travel company’s stock worth $245,000 after buying an additional 8,074 shares in the last quarter. Finally, Lightrock Netherlands B.V. grew its stake in TripAdvisor by 28.9% in the 2nd quarter. Lightrock Netherlands B.V. now owns 1,020,287 shares of the travel company’s stock worth $13,315,000 after buying an additional 229,000 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other TripAdvisor news, insider Seth J. Kalvert sold 10,880 shares of the stock in a transaction on Friday, September 19th. The shares were sold at an average price of $20.04, for a total transaction of $218,035.20. Following the completion of the sale, the insider owned 136,914 shares of the company’s stock, valued at $2,743,756.56. This represents a 7.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Barclays lowered their price objective on shares of TripAdvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a research report on Friday, November 7th. B. Riley dropped their price target on TripAdvisor from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday. Wall Street Zen cut TripAdvisor from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. UBS Group reissued a “neutral” rating on shares of TripAdvisor in a report on Sunday, August 10th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $20.00 target price on shares of TripAdvisor in a research report on Friday, November 7th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $16.39.

TripAdvisor Price Performance

TRIP opened at $15.85 on Thursday. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.24 and a quick ratio of 1.24. The stock’s 50 day simple moving average is $16.56 and its 200 day simple moving average is $15.92. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 33.02, a PEG ratio of 2.49 and a beta of 1.21. TripAdvisor, Inc. has a 1 year low of $10.43 and a 1 year high of $20.16.

TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Thursday, November 6th. The travel company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07. TripAdvisor had a return on equity of 12.40% and a net margin of 3.53%.The firm had revenue of $553.00 million during the quarter, compared to the consensus estimate of $562.92 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. The business’s revenue was up 3.9% on a year-over-year basis. As a group, analysts predict that TripAdvisor, Inc. will post 0.46 earnings per share for the current 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.