Bastion Asset Management Inc. Takes $2.52 Million Position in TripAdvisor, Inc. $TRIP

Bastion Asset Management Inc. acquired a new stake in shares of TripAdvisor, Inc. (NASDAQ:TRIP) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 167,887 shares of the travel company’s stock, valued at approximately $2,518,000. TripAdvisor comprises 1.4% of Bastion Asset Management Inc.’s investment portfolio, making the stock its 27th largest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of TripAdvisor by 6.1% during the 4th quarter. Vanguard Group Inc. now owns 12,567,936 shares of the travel company’s stock valued at $182,989,000 after purchasing an additional 721,957 shares during the last quarter. Ameriprise Financial Inc. raised its stake in TripAdvisor by 24.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,416,019 shares of the travel company’s stock worth $120,585,000 after acquiring an additional 1,445,607 shares during the last quarter. Holocene Advisors LP raised its stake in TripAdvisor by 78.5% in the 3rd quarter. Holocene Advisors LP now owns 2,210,903 shares of the travel company’s stock worth $35,949,000 after acquiring an additional 972,369 shares during the last quarter. AltraVue Capital LLC raised its stake in TripAdvisor by 2.1% in the 3rd quarter. AltraVue Capital LLC now owns 1,713,960 shares of the travel company’s stock worth $27,869,000 after acquiring an additional 34,680 shares during the last quarter. Finally, Alyeska Investment Group L.P. purchased a new position in TripAdvisor in the 3rd quarter worth $26,848,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

TripAdvisor Price Performance

Shares of TRIP opened at $9.30 on Wednesday. The business’s 50-day moving average is $10.42 and its two-hundred day moving average is $12.48. The company has a market capitalization of $1.08 billion, a P/E ratio of 93.01, a P/E/G ratio of 1.75 and a beta of 0.91. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.25 and a current ratio of 1.25. 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 quarterly earnings results on Thursday, May 7th. The travel company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.08). The company had revenue of $382.40 million for the quarter, compared to analyst estimates of $384.69 million. TripAdvisor had a return on equity of 5.73% and a net margin of 0.99%.TripAdvisor’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 earnings per share. Research analysts predict that TripAdvisor, Inc. will post 0.74 earnings per share for the current year.

Analyst Ratings Changes

TRIP has been the subject of a number of research analyst reports. Wall Street Zen lowered TripAdvisor from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Wedbush reduced their target price on TripAdvisor from $15.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, February 13th. B. Riley Financial reduced their target price on TripAdvisor from $18.00 to $13.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. JPMorgan Chase & Co. reduced their target price on TripAdvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Friday, May 8th. Finally, The Goldman Sachs Group reduced their target price on TripAdvisor from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $14.26.

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.