Maverick Capital Ltd. Purchases Shares of 67,891 TripAdvisor, Inc. $TRIP

Maverick Capital Ltd. purchased a new stake in TripAdvisor, Inc. (NASDAQ:TRIP) in the 1st quarter, HoldingsChannel reports. The fund purchased 67,891 shares of the travel company’s stock, valued at approximately $724,000.

A number of other hedge funds also recently made changes to their positions in TRIP. Kestra Advisory Services LLC acquired a new position in shares of TripAdvisor in the fourth quarter worth approximately $33,000. UMB Bank n.a. increased its position in TripAdvisor by 295.2% during the 4th quarter. UMB Bank n.a. now owns 2,300 shares of the travel company’s stock valued at $33,000 after purchasing an additional 1,718 shares during the period. Rockefeller Capital Management L.P. increased its position in TripAdvisor by 192.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,767 shares of the travel company’s stock valued at $40,000 after purchasing an additional 1,821 shares during the period. CIBC Private Wealth Group LLC bought a new position in TripAdvisor during the 3rd quarter worth approximately $58,000. Finally, Atlas Capital Advisors Inc. bought a new position in TripAdvisor during the 4th quarter worth approximately $58,000. 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 business’s stock in a transaction 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 transaction, the chief executive officer owned 34,396 shares in the company, valued at $423,070.80. The trade was a 18.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.00% of the stock is owned by insiders.

TripAdvisor Trading Up 4.6%

Shares of TRIP stock opened at $14.93 on Wednesday. TripAdvisor, Inc. has a fifty-two week low of $9.01 and a fifty-two week high of $20.16. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a 50 day simple moving average of $12.78 and a two-hundred day simple moving average of $11.75. The company has a market cap of $1.74 billion, a P/E ratio of 149.31, a PEG ratio of 2.80 and a beta of 0.86.

TripAdvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Thursday, May 7th. The travel company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.08). The business had revenue of $382.40 million for the quarter, compared to the consensus estimate of $384.69 million. TripAdvisor had a return on equity of 5.73% and a net margin of 0.99%.TripAdvisor’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.14 earnings per share. Research analysts forecast that TripAdvisor, Inc. will post 0.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TRIP has been the topic of a number of analyst reports. DA Davidson upped their price objective on shares of TripAdvisor from $10.50 to $15.50 and gave the company a “neutral” rating in a research note on Monday, June 15th. BTIG Research downgraded shares of TripAdvisor from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. lowered their target price on shares of TripAdvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Friday, May 8th. The Goldman Sachs Group restated a “buy” rating and issued a $16.00 target price on shares of TripAdvisor in a report on Monday, July 20th. Finally, Wedbush upped their price target on shares of TripAdvisor from $19.00 to $20.00 and gave the company an “outperform” rating in a research report on Tuesday, June 16th. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $14.76.

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.