Jupiter Asset Management Ltd. Has $6.78 Million Holdings in TripAdvisor, Inc. $TRIP

Jupiter Asset Management Ltd. raised its holdings in TripAdvisor, Inc. (NASDAQ:TRIP) by 95.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 465,619 shares of the travel company’s stock after acquiring an additional 227,535 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in TripAdvisor were worth $6,779,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Essex Investment Management Co. LLC lifted its stake in TripAdvisor by 75.7% in the third quarter. Essex Investment Management Co. LLC now owns 1,523 shares of the travel company’s stock valued at $25,000 after buying an additional 656 shares during the period. Smartleaf Asset Management LLC lifted its stake in TripAdvisor by 39.7% in the third quarter. Smartleaf Asset Management LLC now owns 2,482 shares of the travel company’s stock valued at $42,000 after buying an additional 705 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of TripAdvisor by 308.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,077 shares of the travel company’s stock valued at $53,000 after purchasing an additional 3,078 shares during the period. CIBC Private Wealth Group LLC acquired a new position in shares of TripAdvisor during the third quarter valued at about $58,000. Finally, State of Wyoming acquired a new position in shares of TripAdvisor during the third quarter valued at about $60,000. 98.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TRIP shares. Wedbush dropped their price objective on shares of TripAdvisor from $15.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, February 13th. UBS Group dropped their price objective on shares of TripAdvisor from $16.00 to $13.70 and set a “neutral” rating on the stock in a report on Monday, April 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of TripAdvisor in a report on Friday, May 15th. Cantor Fitzgerald set a $10.00 target price on TripAdvisor and gave the stock an “underweight” rating in a research report on Friday, February 13th. Finally, BTIG Research reaffirmed a “buy” rating and set a $15.00 target price on shares of TripAdvisor in a research report on Friday. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, TripAdvisor currently has an average rating of “Reduce” and a consensus price target of $14.26.

TripAdvisor Trading Up 2.6%

TRIP opened at $11.18 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.25 and a quick ratio of 1.25. TripAdvisor, Inc. has a fifty-two week low of $9.01 and a fifty-two week high of $20.16. The firm has a market capitalization of $1.30 billion, a PE ratio of 111.81, a P/E/G ratio of 2.03 and a beta of 0.91. The company’s 50-day moving average is $10.52 and its 200 day moving average is $12.21.

TripAdvisor (NASDAQ:TRIP) last posted its earnings results on Thursday, May 7th. The travel company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.08). TripAdvisor had a return on equity of 5.73% and a net margin of 0.99%.The business had revenue of $382.40 million during the quarter, compared to analyst estimates of $384.69 million. During the same quarter in the prior year, the company earned $0.14 EPS. The company’s revenue was down 4.0% on a year-over-year basis. As a group, research analysts predict that TripAdvisor, Inc. will post 0.73 earnings per share for the current fiscal year.

TripAdvisor Company 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.