P Schoenfeld Asset Management LP Takes $1.18 Billion Position in TripAdvisor, Inc. $TRIP

P Schoenfeld Asset Management LP acquired a new position in shares of TripAdvisor, Inc. (NASDAQ:TRIP) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 86,000 shares of the travel company’s stock, valued at approximately $1,179,060,000. TripAdvisor comprises about 0.5% of P Schoenfeld Asset Management LP’s investment portfolio, making the stock its 23rd largest holding. P Schoenfeld Asset Management LP owned 0.07% of TripAdvisor as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TRIP. BlackRock Inc. purchased a new position in TripAdvisor during the second quarter worth $239,065,000. Vanguard Group Inc. lifted its position in shares of TripAdvisor by 6.1% in the fourth quarter. Vanguard Group Inc. now owns 12,567,936 shares of the travel company’s stock valued at $182,989,000 after acquiring an additional 721,957 shares in the last quarter. Starboard Value LP lifted its position in shares of TripAdvisor by 1.4% in the fourth quarter. Starboard Value LP now owns 9,644,996 shares of the travel company’s stock valued at $140,431,000 after acquiring an additional 134,512 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of TripAdvisor by 24.2% during the third quarter. Ameriprise Financial Inc. now owns 7,416,019 shares of the travel company’s stock valued at $120,585,000 after acquiring an additional 1,445,607 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in TripAdvisor by 5.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,973,534 shares of the travel company’s stock worth $42,356,000 after purchasing an additional 210,591 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Insider Buying and Selling

In related news, CEO Almir Ambeskovic sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $12.30, for a total transaction of $98,400.00. Following the completion of the transaction, the chief executive officer owned 34,396 shares of the company’s stock, valued at approximately $423,070.80. This represents a 18.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. BTIG Research lowered shares of TripAdvisor from a “buy” rating to a “neutral” rating in a report on Tuesday, July 21st. Barclays reduced their price objective on shares of TripAdvisor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Monday, May 11th. DA Davidson raised their target price on shares of TripAdvisor from $10.50 to $15.50 and gave the stock a “neutral” rating in a research report on Monday, June 15th. JPMorgan Chase & Co. lowered their target price on shares of TripAdvisor from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Friday, August 7th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of TripAdvisor in a report on Wednesday, August 12th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, TripAdvisor presently has a consensus rating of “Reduce” and a consensus price target of $14.12.

TripAdvisor Price Performance

TRIP opened at $10.00 on Monday. TripAdvisor, Inc. has a 12 month low of $9.01 and a 12 month high of $20.16. The business has a 50-day moving average of $12.98 and a two-hundred day moving average of $11.51. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 1,001.00, a price-to-earnings-growth ratio of 3.72 and a beta of 0.86.

TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Thursday, August 6th. The travel company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.03). TripAdvisor had a return on equity of 4.23% and a net margin of 0.28%.The company had revenue of $385.30 million for the quarter, compared to analysts’ expectations of $506.27 million. During the same quarter in the previous year, the company earned $0.46 earnings per share. The company’s revenue was down 7.2% on a year-over-year basis. On average, research analysts expect that TripAdvisor, Inc. will post 0.36 earnings per share 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.