FORA Capital LLC Acquires New Position in Tripadvisor, Inc. (NASDAQ:TRIP)

FORA Capital LLC bought a new position in shares of Tripadvisor, Inc. (NASDAQ:TRIP) during the third quarter, Holdings Channel reports. The fund bought 53,631 shares of the travel company’s stock, valued at approximately $777,000.

Several other hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in shares of Tripadvisor during the 3rd quarter worth $28,000. Fifth Third Bancorp lifted its position in Tripadvisor by 104.1% in the second quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock valued at $30,000 after buying an additional 846 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in Tripadvisor during the third quarter worth about $43,000. Quest Partners LLC increased its position in shares of Tripadvisor by 14,244.4% during the second quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock valued at $46,000 after acquiring an additional 2,564 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of Tripadvisor by 65.3% in the 3rd quarter. KBC Group NV now owns 4,499 shares of the travel company’s stock valued at $65,000 after acquiring an additional 1,777 shares during the period. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Tripadvisor Trading Up 1.6 %

TRIP opened at $14.10 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85. Tripadvisor, Inc. has a one year low of $12.93 and a one year high of $28.76. The company has a market cap of $1.96 billion, a P/E ratio of 61.31, a PEG ratio of 9.85 and a beta of 1.37. The business’s 50-day simple moving average is $14.85 and its 200-day simple moving average is $15.98.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.06. The business had revenue of $532.00 million during the quarter, compared to the consensus estimate of $527.86 million. Tripadvisor had a net margin of 1.98% and a return on equity of 10.37%. The company’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 EPS. As a group, equities research analysts expect that Tripadvisor, Inc. will post 0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TRIP shares. StockNews.com cut shares of Tripadvisor from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Truist Financial dropped their price objective on Tripadvisor from $21.00 to $17.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. TD Cowen boosted their price objective on Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a report on Thursday, November 7th. UBS Group lowered their target price on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Finally, BMO Capital Markets cut their price target on shares of Tripadvisor from $20.00 to $17.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $18.33.

About Tripadvisor

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.