Susquehanna Fundamental Investments LLC Purchases New Shares in TripAdvisor, Inc. $TRIP

Susquehanna Fundamental Investments LLC purchased a new position in shares of TripAdvisor, Inc. (NASDAQ:TRIP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 211,962 shares of the travel company’s stock, valued at approximately $2,906,000. Susquehanna Fundamental Investments LLC owned 0.18% of TripAdvisor at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. UMB Bank n.a. increased its position in shares of TripAdvisor by 295.2% during the fourth quarter. UMB Bank n.a. now owns 2,300 shares of the travel company’s stock worth $33,000 after acquiring an additional 1,718 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in TripAdvisor in the fourth quarter valued at about $33,000. Public Employees Retirement System of Ohio purchased a new position in TripAdvisor in the second quarter valued at about $36,000. Rockefeller Capital Management L.P. boosted its stake in shares of TripAdvisor by 192.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,767 shares of the travel company’s stock valued at $40,000 after buying an additional 1,821 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in TripAdvisor by 308.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,077 shares of the travel company’s stock worth $53,000 after acquiring an additional 3,078 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

TripAdvisor Trading Down 3.5%

Shares of TripAdvisor stock opened at $9.52 on Tuesday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.28. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 952.95, a price-to-earnings-growth ratio of 3.67 and a beta of 0.86. The business has a fifty day simple moving average of $12.65 and a 200-day simple moving average of $11.39. TripAdvisor, Inc. has a fifty-two week low of $9.01 and a fifty-two week high of $20.16.

TripAdvisor (NASDAQ:TRIP) last announced its earnings results on Thursday, August 6th. The travel company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.03). TripAdvisor had a net margin of 0.28% and a return on equity of 4.23%. The firm had revenue of $385.30 million for the quarter, compared to the consensus estimate of $506.27 million. During the same period in the prior year, the business earned $0.46 EPS. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. On average, equities analysts forecast that TripAdvisor, Inc. will post 0.36 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on TRIP shares. Cantor Fitzgerald lowered their price objective on TripAdvisor from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Friday, August 7th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $16.00 target price on shares of TripAdvisor in a research report on Monday, July 20th. B. Riley Financial cut their price target on TripAdvisor from $13.00 to $12.50 and set a “neutral” rating on the stock in a report on Monday, August 10th. Barclays cut their price objective on shares of TripAdvisor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Monday, May 11th. Finally, DA Davidson raised their target price on shares of TripAdvisor from $10.50 to $15.50 and gave the company a “neutral” rating in a research note on Monday, June 15th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, TripAdvisor presently has a consensus rating of “Reduce” and an average target price of $14.12.

About TripAdvisor

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.