Jacobs Levy Equity Management Inc. Buys 334,961 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Jacobs Levy Equity Management Inc. raised its stake in Tripadvisor, Inc. (NASDAQ:TRIP) by 15.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,566,342 shares of the travel company’s stock after purchasing an additional 334,961 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 1.85% of Tripadvisor worth $37,186,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Fifth Third Bancorp grew its stake in shares of Tripadvisor by 104.1% in the second quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock valued at $30,000 after buying an additional 846 shares in the last quarter. Louisiana State Employees Retirement System grew its position in shares of Tripadvisor by 2.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 54,700 shares of the travel company’s stock valued at $974,000 after acquiring an additional 1,200 shares during the period. KBC Group NV grew its position in shares of Tripadvisor by 65.3% in the 3rd quarter. KBC Group NV now owns 4,499 shares of the travel company’s stock valued at $65,000 after acquiring an additional 1,777 shares during the period. True Wealth Design LLC acquired a new position in shares of Tripadvisor during the 3rd quarter worth about $27,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Tripadvisor in the 3rd quarter valued at about $28,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on TRIP. The Goldman Sachs Group reduced their price target on Tripadvisor from $27.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, August 8th. TD Cowen boosted their target price on Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. cut their price target on Tripadvisor from $17.00 to $14.00 and set an “underweight” rating for the company in a report on Wednesday, August 7th. StockNews.com cut shares of Tripadvisor from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Citigroup dropped their price objective on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. 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 data from MarketBeat, Tripadvisor has a consensus rating of “Hold” and a consensus target price of $18.33.

Tripadvisor Price Performance

Tripadvisor stock opened at $14.15 on Wednesday. The firm has a market cap of $1.97 billion, a PE ratio of 61.52, a price-to-earnings-growth ratio of 10.08 and a beta of 1.36. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.85 and a quick ratio of 1.85. The stock’s fifty day moving average price is $14.82 and its two-hundred day moving average price is $15.86. Tripadvisor, Inc. has a one year low of $12.93 and a one year high of $28.76.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.50 EPS for the quarter, topping 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 company had revenue of $532.00 million for the quarter, compared to analysts’ expectations of $527.86 million. During the same quarter last year, the business earned $0.35 earnings per share. Tripadvisor’s revenue was down .2% on a year-over-year basis. As a group, research analysts expect that Tripadvisor, Inc. will post 0.36 EPS for the current fiscal year.

About Tripadvisor

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.