Hussman Strategic Advisors Inc. Invests $1.71 Million in TripAdvisor, Inc. $TRIP

Hussman Strategic Advisors Inc. acquired a new stake in TripAdvisor, Inc. (NASDAQ:TRIP) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 105,000 shares of the travel company’s stock, valued at approximately $1,707,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TRIP. Certares Management LLC grew its holdings in TripAdvisor by 177.3% during the second quarter. Certares Management LLC now owns 4,751,818 shares of the travel company’s stock valued at $62,011,000 after purchasing an additional 3,037,959 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of TripAdvisor by 375.4% during the 2nd quarter. Federated Hermes Inc. now owns 2,137,374 shares of the travel company’s stock worth $27,893,000 after buying an additional 1,687,816 shares during the period. Palliser Capital UK Ltd bought a new stake in shares of TripAdvisor during the 2nd quarter worth $16,192,000. Blue Grotto Capital LLC acquired a new position in TripAdvisor in the 2nd quarter valued at $15,686,000. Finally, Geode Capital Management LLC raised its holdings in TripAdvisor by 48.9% in the 2nd quarter. Geode Capital Management LLC now owns 2,837,654 shares of the travel company’s stock worth $37,036,000 after acquiring an additional 931,283 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

TripAdvisor Stock Down 0.4%

TRIP stock opened at $13.01 on Thursday. TripAdvisor, Inc. has a twelve month low of $10.43 and a twelve month high of $20.16. The company has a market cap of $1.52 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 1.29 and a beta of 0.99. The business’s 50-day simple moving average is $14.41 and its 200 day simple moving average is $15.96. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.21.

TripAdvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Thursday, November 6th. The travel company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.58 by $0.07. TripAdvisor had a return on equity of 14.77% and a net margin of 4.23%.The firm had revenue of $553.00 million during the quarter, compared to analysts’ expectations of $562.92 million. During the same quarter in the prior year, the firm posted $0.50 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, research analysts anticipate that TripAdvisor, Inc. will post 0.46 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on TRIP. Sanford C. Bernstein restated an “outperform” rating and set a $20.00 price target on shares of TripAdvisor in a report on Friday, November 7th. Mizuho set a $17.00 price objective on TripAdvisor and gave the stock a “neutral” rating in a research report on Friday, November 14th. Zacks Research raised TripAdvisor from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. Wall Street Zen downgraded TripAdvisor from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of TripAdvisor in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $16.34.

TripAdvisor Profile

TripAdvisor (NASDAQ:TRIP) is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company’s flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor’s offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.