Hussman Strategic Advisors Inc. Takes Position in TripAdvisor, Inc. $TRIP

Hussman Strategic Advisors Inc. purchased a new position in TripAdvisor, Inc. (NASDAQ:TRIP) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 105,000 shares of the travel company’s stock, valued at approximately $1,707,000. Hussman Strategic Advisors Inc. owned approximately 0.09% of TripAdvisor at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Ameriprise Financial Inc. increased its position in shares of TripAdvisor by 5.9% in the second quarter. Ameriprise Financial Inc. now owns 5,970,412 shares of the travel company’s stock worth $77,915,000 after acquiring an additional 335,028 shares in the last quarter. Certares Management LLC raised its stake in TripAdvisor by 177.3% during the 2nd quarter. Certares Management LLC now owns 4,751,818 shares of the travel company’s stock valued at $62,011,000 after purchasing an additional 3,037,959 shares during the period. Geode Capital Management LLC lifted its holdings in shares of TripAdvisor by 48.9% in the second quarter. Geode Capital Management LLC now owns 2,837,654 shares of the travel company’s stock valued at $37,036,000 after purchasing an additional 931,283 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of TripAdvisor by 53.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,629,098 shares of the travel company’s stock valued at $34,310,000 after purchasing an additional 912,999 shares in the last quarter. Finally, Federated Hermes Inc. boosted its position in shares of TripAdvisor by 375.4% in the second quarter. Federated Hermes Inc. now owns 2,137,374 shares of the travel company’s stock worth $27,893,000 after buying an additional 1,687,816 shares during the period. 98.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TRIP has been the subject of several research analyst reports. B. Riley reduced their price objective on TripAdvisor from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Mizuho set a $17.00 target price on TripAdvisor and gave the company a “neutral” rating in a report on Friday, November 14th. Jefferies Financial Group decreased their price target on shares of TripAdvisor from $13.00 to $12.50 and set an “underperform” rating for the company in a report on Thursday, December 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TripAdvisor in a research report on Monday, December 29th. Finally, Barclays cut their target price on shares of TripAdvisor from $14.00 to $13.00 and set an “underweight” rating for the company in a research report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $16.34.

TripAdvisor Price Performance

Shares of TRIP opened at $13.01 on Thursday. The firm has a market cap of $1.52 billion, a PE ratio of 20.33, a PEG ratio of 1.29 and a beta of 0.99. The firm’s 50 day moving average price is $14.41 and its 200 day moving average price is $15.96. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.33 and a current ratio of 1.33. TripAdvisor, Inc. has a twelve month low of $10.43 and a twelve month high of $20.16.

TripAdvisor (NASDAQ:TRIP) last posted its earnings results on Thursday, November 6th. The travel company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. The company had revenue of $553.00 million during the quarter, compared to the consensus estimate of $562.92 million. TripAdvisor had a net margin of 4.23% and a return on equity of 14.77%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.50 earnings per share. As a group, research analysts expect that TripAdvisor, Inc. will post 0.46 EPS for the current fiscal year.

About TripAdvisor

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.