Duality Advisers LP Cuts Stake in Tripadvisor, Inc. (NASDAQ:TRIP)

Duality Advisers LP reduced its stake in Tripadvisor, Inc. (NASDAQ:TRIP) by 21.2% during the first quarter, according to its most recent filing with the SEC. The fund owned 44,871 shares of the travel company’s stock after selling 12,108 shares during the quarter. Duality Advisers LP’s holdings in Tripadvisor were worth $1,247,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TRIP. Norges Bank purchased a new position in shares of Tripadvisor in the 4th quarter worth about $27,807,000. Vanguard Group Inc. raised its stake in Tripadvisor by 11.7% in the 3rd quarter. Vanguard Group Inc. now owns 12,084,674 shares of the travel company’s stock valued at $200,364,000 after acquiring an additional 1,263,706 shares during the period. Contrarius Investment Management Ltd purchased a new position in shares of Tripadvisor during the fourth quarter worth about $9,859,000. Handelsbanken Fonder AB grew its holdings in shares of Tripadvisor by 1,758.8% during the fourth quarter. Handelsbanken Fonder AB now owns 369,900 shares of the travel company’s stock worth $7,964,000 after purchasing an additional 350,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Tripadvisor by 9.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,438,349 shares of the travel company’s stock worth $74,027,000 after purchasing an additional 304,975 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Tripadvisor Stock Down 0.8 %

Tripadvisor stock traded down $0.15 during trading hours on Friday, hitting $17.79. The stock had a trading volume of 683,327 shares, compared to its average volume of 2,482,072. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $2.48 billion, a P/E ratio of 119.61, a price-to-earnings-growth ratio of 1.58 and a beta of 1.42. Tripadvisor, Inc. has a 12-month low of $14.15 and a 12-month high of $28.76. The stock’s 50-day moving average price is $18.51 and its 200-day moving average price is $22.54.

Tripadvisor (NASDAQ:TRIP) last issued its earnings results on Wednesday, May 8th. The travel company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.08. The business had revenue of $395.00 million during the quarter, compared to analysts’ expectations of $390.93 million. Tripadvisor had a net margin of 1.32% and a return on equity of 12.03%. Equities research analysts anticipate that Tripadvisor, Inc. will post 0.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. JPMorgan Chase & Co. cut their target price on Tripadvisor from $25.00 to $17.00 and set an “underweight” rating for the company in a research note on Thursday, May 9th. BMO Capital Markets cut their target price on Tripadvisor from $23.00 to $20.00 and set a “market perform” rating for the company in a research note on Thursday, May 9th. Barclays cut their target price on Tripadvisor from $20.00 to $15.00 and set an “underweight” rating for the company in a research note on Friday, May 10th. Wedbush reaffirmed a “neutral” rating and issued a $21.00 target price on shares of Tripadvisor in a research note on Friday, May 24th. Finally, Truist Financial dropped their price objective on Tripadvisor from $28.00 to $21.00 and set a “hold” rating for the company in a research note on Thursday, May 30th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $21.76.

Tripadvisor 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.