Marathon Asset Management LLP lowered its stake in Tripadvisor Inc (NASDAQ:TRIP) by 3.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 124,026 shares of the travel company’s stock after selling 3,890 shares during the period. Marathon Asset Management LLP owned approximately 0.09% of Tripadvisor worth $5,353,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Carmignac Gestion acquired a new position in shares of Tripadvisor during the third quarter valued at about $113,692,000. Thunderbird Partners LLP acquired a new position in shares of Tripadvisor during the third quarter valued at about $85,749,000. Highfields Capital Management LP boosted its position in shares of Tripadvisor by 64.3% in the fourth quarter. Highfields Capital Management LP now owns 2,555,542 shares of the travel company’s stock valued at $118,500,000 after buying an additional 1,000,000 shares during the last quarter. Morgan Stanley boosted its position in shares of Tripadvisor by 71.2% in the third quarter. Morgan Stanley now owns 2,163,439 shares of the travel company’s stock valued at $136,687,000 after buying an additional 899,742 shares during the last quarter. Finally, EastBay Asset Management LLC acquired a new position in shares of Tripadvisor during the fourth quarter valued at about $23,276,000. Institutional investors own 86.78% of the company’s stock.
Tripadvisor Inc (NASDAQ:TRIP) traded down 0.12% during trading on Thursday, reaching $41.45. 850,631 shares of the company’s stock were exchanged. The stock has a market capitalization of $5.98 billion, a PE ratio of 50.55 and a beta of 2.02. Tripadvisor Inc has a 52 week low of $40.45 and a 52 week high of $71.69. The stock has a 50-day moving average of $42.55 and a 200-day moving average of $51.13.
Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings data on Wednesday, February 15th. The travel company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by $0.15. The company had revenue of $316 million for the quarter, compared to analyst estimates of $327.29 million. Tripadvisor had a net margin of 8.08% and a return on equity of 12.67%. On average, equities research analysts anticipate that Tripadvisor Inc will post $1.23 EPS for the current year.
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A number of research firms have recently weighed in on TRIP. Cowen and Company restated an “underperform” rating and issued a $35.00 price target on shares of Tripadvisor in a report on Wednesday, March 8th. Vetr cut shares of Tripadvisor from a “strong-buy” rating to a “buy” rating and set a $46.78 price target on the stock. in a report on Monday, March 13th. Zacks Investment Research cut shares of Tripadvisor from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 3rd. Needham & Company LLC cut shares of Tripadvisor from a “hold” rating to an “underperform” rating in a report on Tuesday, February 28th. Finally, Cantor Fitzgerald restated a “neutral” rating on shares of Tripadvisor in a report on Friday, December 23rd. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $50.17.
TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.
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