Holocene Advisors LP Purchases 972,369 Shares of TripAdvisor, Inc. $TRIP

Holocene Advisors LP lifted its holdings in TripAdvisor, Inc. (NASDAQ:TRIP) by 78.5% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,210,903 shares of the travel company’s stock after buying an additional 972,369 shares during the period. Holocene Advisors LP’s holdings in TripAdvisor were worth $35,949,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Essex Investment Management Co. LLC increased its position 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 acquiring an additional 656 shares during the last quarter. Covestor Ltd lifted its holdings in TripAdvisor by 64.8% during the third quarter. Covestor Ltd now owns 1,770 shares of the travel company’s stock worth $29,000 after acquiring an additional 696 shares during the period. Smartleaf Asset Management LLC boosted its position in TripAdvisor by 39.7% in the third quarter. Smartleaf Asset Management LLC now owns 2,482 shares of the travel company’s stock worth $42,000 after purchasing an additional 705 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in TripAdvisor by 308.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,077 shares of the travel company’s stock worth $53,000 after purchasing an additional 3,078 shares during the last quarter. Finally, State of Wyoming bought a new position in TripAdvisor in the 3rd quarter valued at $60,000. 98.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TRIP shares. Barclays decreased their target price on TripAdvisor from $13.00 to $10.00 and set an “underweight” rating for the company in a research report on Friday, February 13th. Cantor Fitzgerald set a $10.00 price target on shares of TripAdvisor and gave the company an “underweight” rating in a research report on Friday, February 13th. The Goldman Sachs Group decreased their price objective on shares of TripAdvisor from $25.00 to $22.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. UBS Group lowered their price objective on shares of TripAdvisor from $19.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 3rd. Finally, Wedbush dropped their target price on shares of TripAdvisor from $15.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, February 13th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $14.96.

TripAdvisor Stock Up 3.0%

TRIP stock opened at $9.52 on Tuesday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 31.73, a PEG ratio of 1.65 and a beta of 0.97. TripAdvisor, Inc. has a fifty-two week low of $9.15 and a fifty-two week high of $20.16. The stock has a fifty day moving average of $11.92 and a 200-day moving average of $14.44.

TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings data on Thursday, February 12th. The travel company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.11). The firm had revenue of $411.00 million during the quarter, compared to the consensus estimate of $412.53 million. TripAdvisor had a net margin of 2.12% and a return on equity of 10.67%. The company’s revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 earnings per share. As a group, equities research analysts predict that TripAdvisor, Inc. will post 0.46 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.