Blueshift Asset Management LLC Invests $299,000 in Tripadvisor, Inc. (NASDAQ:TRIP)

Blueshift Asset Management LLC purchased a new stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 20,632 shares of the travel company’s stock, valued at approximately $299,000.

Other hedge funds have also bought and sold shares of the company. Fifth Third Bancorp lifted its holdings in shares of Tripadvisor by 104.1% during the second quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock valued at $30,000 after purchasing an additional 846 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Tripadvisor during the third quarter valued at $28,000. Quest Partners LLC boosted its holdings in Tripadvisor by 14,244.4% in the second quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock worth $46,000 after acquiring an additional 2,564 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of Tripadvisor in the third quarter worth $43,000. Finally, Gladius Capital Management LP bought a new position in shares of Tripadvisor during the second quarter valued at $79,000. Institutional investors own 98.99% of the company’s stock.

Wall Street Analysts Forecast Growth

TRIP has been the topic of several recent analyst reports. The Goldman Sachs Group cut their price objective on shares of Tripadvisor from $27.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. DA Davidson reduced their price target on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. BTIG Research lowered their price objective on Tripadvisor from $25.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. TD Cowen lifted their target price on Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. Finally, UBS Group lowered their price target on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $18.33.

Tripadvisor Stock Up 1.6 %

TRIP opened at $14.10 on Friday. The firm’s 50 day simple moving average is $14.85 and its two-hundred day simple moving average is $15.98. The company has a market capitalization of $1.96 billion, a PE ratio of 61.31, a PEG ratio of 9.85 and a beta of 1.37. Tripadvisor, Inc. has a 1-year low of $12.93 and a 1-year high of $28.76. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93.

Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Wednesday, November 6th. The travel company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. The company had revenue of $532.00 million for the quarter, compared to analysts’ expectations of $527.86 million. During the same period last year, the firm earned $0.35 EPS. Tripadvisor’s revenue for the quarter was down .2% compared to the same quarter last year. As a group, equities analysts forecast that Tripadvisor, Inc. will post 0.36 EPS for the current year.

Tripadvisor Company Profile

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.