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

P Schoenfeld Asset Management LP acquired a new stake in shares of TripAdvisor, Inc. (NASDAQ:TRIP) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 86,000 shares of the travel company’s stock, valued at approximately $1,179,060. TripAdvisor makes up about 0.0% of P Schoenfeld Asset Management LP’s holdings, making the stock its 23rd biggest position. P Schoenfeld Asset Management LP owned about 0.07% of TripAdvisor as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of TripAdvisor during the second quarter worth $239,065,000. Vanguard Group Inc. grew its stake in TripAdvisor by 6.1% in the fourth quarter. Vanguard Group Inc. now owns 12,567,936 shares of the travel company’s stock worth $182,989,000 after purchasing an additional 721,957 shares in the last quarter. Starboard Value LP raised its stake in shares of TripAdvisor by 1.4% during the fourth quarter. Starboard Value LP now owns 9,644,996 shares of the travel company’s stock valued at $140,431,000 after purchasing an additional 134,512 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of TripAdvisor by 24.2% in the third quarter. Ameriprise Financial Inc. now owns 7,416,019 shares of the travel company’s stock valued at $120,585,000 after purchasing an additional 1,445,607 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of 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 buying an additional 210,591 shares during the period. 98.99% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Almir Ambeskovic sold 8,000 shares of the firm’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 value of $98,400.00. Following the sale, the chief executive officer owned 34,396 shares in the company, valued at approximately $423,070.80. This trade represents a 18.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.00% of the stock is currently owned by insiders.

TripAdvisor Stock Up 1.2%

Shares of TripAdvisor stock traded up $0.12 during midday trading on Friday, reaching $9.91. 990,899 shares of the company’s stock traded hands, compared to its average volume of 3,616,723. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 991.99, a price-to-earnings-growth ratio of 3.67 and a beta of 0.86. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.56 and a current ratio of 1.56. TripAdvisor, Inc. has a 52 week low of $9.01 and a 52 week high of $20.16. The company’s 50 day simple moving average is $12.76 and its 200 day simple moving average is $11.43.

TripAdvisor (NASDAQ:TRIP) last posted its earnings results on Thursday, August 6th. The travel company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The business had revenue of $385.30 million for the quarter, compared to the consensus estimate of $506.27 million. TripAdvisor had a return on equity of 4.23% and a net margin of 0.28%.TripAdvisor’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 earnings per share. Equities analysts expect that TripAdvisor, Inc. will post 0.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. BTIG Research cut shares of TripAdvisor from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 21st. Cantor Fitzgerald dropped their target price on TripAdvisor from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Friday, August 7th. Barclays lowered their price target on TripAdvisor from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Monday, May 11th. Wedbush upped their price target on shares of TripAdvisor from $19.00 to $20.00 and gave the company an “outperform” rating in a report on Tuesday, June 16th. Finally, B. Riley Financial decreased their target price on shares of TripAdvisor from $13.00 to $12.50 and set a “neutral” rating for the company in a research report on Monday, August 10th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $14.12.

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.