Jupiter Asset Management Ltd. Has $6.78 Million Stock Position in TripAdvisor, Inc. $TRIP

Jupiter Asset Management Ltd. raised its stake in TripAdvisor, Inc. (NASDAQ:TRIP) by 95.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 465,619 shares of the travel company’s stock after buying an additional 227,535 shares during the period. Jupiter Asset Management Ltd. owned 0.40% of TripAdvisor worth $6,779,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Essex Investment Management Co. LLC boosted its stake in shares of TripAdvisor by 75.7% during the third quarter. Essex Investment Management Co. LLC now owns 1,523 shares of the travel company’s stock valued at $25,000 after purchasing an additional 656 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of TripAdvisor by 39.7% during the third quarter. Smartleaf Asset Management LLC now owns 2,482 shares of the travel company’s stock valued at $42,000 after purchasing an additional 705 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of TripAdvisor by 308.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,077 shares of the travel company’s stock valued at $53,000 after purchasing an additional 3,078 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new stake in shares of TripAdvisor during the third quarter valued at about $58,000. Finally, State of Wyoming acquired a new stake in shares of TripAdvisor during the third quarter valued at about $60,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Wall Street Analysts Forecast Growth

TRIP has been the topic of a number of recent research reports. BTIG Research reissued a “buy” rating and set a $15.00 price target on shares of TripAdvisor in a research note on Friday. Bank of America upgraded shares of TripAdvisor from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $14.00 to $15.00 in a report on Friday, March 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of TripAdvisor in a report on Friday, May 15th. The Goldman Sachs Group cut their price target on shares of TripAdvisor from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. Finally, Wedbush cut their price target on shares of TripAdvisor from $15.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $14.26.

TripAdvisor Price Performance

TripAdvisor stock opened at $11.18 on Friday. The stock’s 50 day moving average is $10.52 and its 200 day moving average is $12.21. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market cap of $1.30 billion, a P/E ratio of 111.81, a P/E/G ratio of 2.03 and a beta of 0.91. TripAdvisor, Inc. has a one year low of $9.01 and a one year high of $20.16.

TripAdvisor (NASDAQ:TRIP) last released its earnings results on Thursday, May 7th. The travel company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.08). The firm had revenue of $382.40 million during the quarter, compared to analyst estimates of $384.69 million. TripAdvisor had a net margin of 0.99% and a return on equity of 5.73%. TripAdvisor’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.14 EPS. As a group, research analysts expect that TripAdvisor, Inc. will post 0.73 EPS for the current year.

TripAdvisor Profile

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.