Landscape Capital Management L.L.C. Acquires New Holdings in Tripadvisor, Inc. (NASDAQ:TRIP)

by · The Cerbat Gem

Landscape Capital Management L.L.C. bought a new position in shares of Tripadvisor, Inc. (NASDAQ:TRIP – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 192,403 shares of the travel company’s stock, valued at approximately $2,788,000. Landscape Capital Management L.L.C. owned 0.14% of Tripadvisor at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Boston Partners purchased a new position in shares of Tripadvisor during the 1st quarter worth approximately $131,887,000. River Road Asset Management LLC grew its stake in shares of Tripadvisor by 33.3% in the third quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company’s stock valued at $53,179,000 after buying an additional 917,689 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Tripadvisor by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,733,746 shares of the travel company’s stock worth $48,686,000 after acquiring an additional 95,138 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Tripadvisor by 53.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,375,868 shares of the travel company’s stock valued at $41,364,000 after acquiring an additional 822,712 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. grew its position in Tripadvisor by 4.9% in the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,292,087 shares of the travel company’s stock valued at $40,822,000 after acquiring an additional 107,154 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on TRIP. B. Riley raised their price objective on shares of Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. BMO Capital Markets dropped their price target on shares of Tripadvisor from $20.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, August 7th. The Goldman Sachs Group reduced their price objective on Tripadvisor from $27.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Cantor Fitzgerald lowered their target price on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Thursday, November 7th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $17.00 price target (up previously from $16.00) on shares of Tripadvisor in a research 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 data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $18.33.

Get Our Latest Analysis on TRIP

Tripadvisor Trading Up 1.0 %

Shares of Tripadvisor stock opened at $13.49 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. The company has a fifty day simple moving average of $14.83 and a 200-day simple moving average of $16.21. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 58.63, a PEG ratio of 9.38 and a beta of 1.37. Tripadvisor, Inc. has a 12-month low of $12.93 and a 12-month high of $28.76.

Tripadvisor (NASDAQ:TRIP – Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The travel company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.06. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. The company had revenue of $532.00 million during the quarter, compared to the consensus estimate of $527.86 million. During the same quarter in the prior year, the firm posted $0.35 earnings per share. Tripadvisor’s revenue for the quarter was down .2% on a year-over-year basis. On average, equities analysts forecast that Tripadvisor, Inc. will post 0.36 EPS for the current fiscal year.

Tripadvisor Profile

(Free Report)

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.

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