355,688 Shares in Tripadvisor, Inc. (NASDAQ:TRIP) Acquired by Boussard & Gavaudan Investment Management LLP

Boussard & Gavaudan Investment Management LLP bought a new position in shares of Tripadvisor, Inc. (NASDAQ:TRIP) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 355,688 shares of the travel company’s stock, valued at approximately $5,159,000. Boussard & Gavaudan Investment Management LLP owned 0.26% of Tripadvisor as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Tidal Investments LLC purchased a new stake in shares of Tripadvisor during the first quarter worth approximately $4,638,000. Boston Partners purchased a new stake in shares of Tripadvisor during the first quarter worth approximately $131,887,000. DekaBank Deutsche Girozentrale increased its stake in shares of Tripadvisor by 9,356.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 195,467 shares of the travel company’s stock worth $5,477,000 after buying an additional 193,400 shares during the period. U S Global Investors Inc. increased its stake in Tripadvisor by 71.8% in the third quarter. U S Global Investors Inc. now owns 1,512,548 shares of the travel company’s stock valued at $21,917,000 after purchasing an additional 632,353 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Tripadvisor by 406.7% in the second quarter. Assenagon Asset Management S.A. now owns 736,625 shares of the travel company’s stock valued at $13,119,000 after purchasing an additional 591,251 shares during the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on TRIP shares. DA Davidson dropped their price target on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. JPMorgan Chase & Co. dropped their price target on shares of Tripadvisor from $17.00 to $14.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 7th. Cantor Fitzgerald dropped their price target on shares of Tripadvisor from $12.00 to $11.00 and set an “underweight” rating on the stock in a research note on Thursday, November 7th. Truist Financial decreased their price objective on Tripadvisor from $21.00 to $17.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Finally, The Goldman Sachs Group decreased their price objective on Tripadvisor from $27.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $18.33.

Tripadvisor Price Performance

Tripadvisor stock opened at $14.10 on Thursday. Tripadvisor, Inc. has a one year low of $12.93 and a one year high of $28.76. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85. The business has a fifty day moving average of $14.85 and a two-hundred day moving average of $15.99. The company has a market cap of $1.96 billion, a P/E ratio of 61.31, a price-to-earnings-growth ratio of 9.92 and a beta of 1.37.

Tripadvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. The business had revenue of $532.00 million during the quarter, compared to analysts’ expectations of $527.86 million. During the same quarter last year, the business posted $0.35 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis. As a group, analysts predict that Tripadvisor, Inc. will post 0.36 earnings per share for the current fiscal year.

Tripadvisor Profile

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.