Cerebellum GP LLC trimmed its stake in Tripadvisor Inc (NASDAQ:TRIP) by 80.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,645 shares of the travel company’s stock after selling 78,473 shares during the period. Cerebellum GP LLC’s holdings in Tripadvisor were worth $566,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Tripadvisor during the 3rd quarter worth $37,000. Tower Research Capital LLC TRC boosted its stake in Tripadvisor by 402.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,072 shares of the travel company’s stock worth $119,000 after purchasing an additional 2,460 shares during the period. FNY Investment Advisers LLC acquired a new stake in Tripadvisor during the 4th quarter worth $140,000. Point72 Asset Management L.P. acquired a new stake in Tripadvisor during the 2nd quarter worth $230,000. Finally, Barings LLC acquired a new stake in Tripadvisor during the 2nd quarter worth $240,000. 83.91% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently weighed in on TRIP shares. SunTrust Banks decreased their price target on shares of Tripadvisor from $60.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. DA Davidson decreased their price target on shares of Tripadvisor to $44.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Wedbush decreased their price target on shares of Tripadvisor from $50.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. ValuEngine upgraded shares of Tripadvisor from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Consumer Edge started coverage on shares of Tripadvisor in a research note on Monday, November 18th. They set an “underweight” rating and a $26.00 price target for the company. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $44.40.
Tripadvisor (NASDAQ:TRIP) last released its earnings results on Wednesday, November 6th. The travel company reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.05. Tripadvisor had a net margin of 7.44% and a return on equity of 9.18%. The company had revenue of $428.00 million during the quarter, compared to analysts’ expectations of $459.39 million. During the same quarter last year, the business earned $0.72 EPS. The business’s revenue was down 6.6% on a year-over-year basis. Equities research analysts forecast that Tripadvisor Inc will post 1.18 earnings per share for the current year.
TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotel and Non-Hotel. The company operates TripAdvisor-branded Websites, including tripadvisor.com in the United States; and localized versions of the Website in 48 markets and 28 languages. It also manages and operates other travel media brands that provide users the comprehensive travel-planning and trip-taking resources in the travel industry, such as airfarewatchdog.com, bookingbuddy.com, cruisecritic.com, familyvacationcritic.com, flipkey.com, thefork.com, holidaywatchdog.com, housetrip.com, jetsetter.com, niumba.com, onetime.com, oyster.com, seatguru.com, smartertravel.com, tingo.com, vacationhomerentals.com, and viator.com, as well as www.bokun.io and holidaylettings.co.uk.
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