Invenomic Capital Management LP Has $10.88 Million Stake in Tripadvisor, Inc. (NASDAQ:TRIP)
Invenomic Capital Management LP increased its stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP – Free Report) by 209.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 659,710 shares of the travel company’s stock after acquiring an additional 446,229 shares during the period. Invenomic Capital Management LP owned 0.48% of Tripadvisor worth $10,879,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Dark Forest Capital Management LP increased its holdings in shares of Tripadvisor by 1,227.3% during the 1st quarter. Dark Forest Capital Management LP now owns 1,699 shares of the travel company’s stock valued at $34,000 after acquiring an additional 1,571 shares during the last quarter. Bessemer Group Inc. acquired a new stake in shares of Tripadvisor in the second quarter valued at about $34,000. Harvest Fund Management Co. Ltd grew its position in shares of Tripadvisor by 1,581.0% in the first quarter. Harvest Fund Management Co. Ltd now owns 4,068 shares of the travel company’s stock valued at $81,000 after purchasing an additional 3,826 shares during the last quarter. Quintet Private Bank Europe S.A. acquired a new stake in shares of Tripadvisor in the first quarter valued at about $99,000. Finally, Quent Capital LLC grew its position in shares of Tripadvisor by 15,625.0% in the second quarter. Quent Capital LLC now owns 5,032 shares of the travel company’s stock valued at $83,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 74.17% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have issued reports on TRIP. JPMorgan Chase & Co. raised their price target on shares of Tripadvisor from $15.00 to $18.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 8th. Truist Financial decreased their price target on shares of Tripadvisor from $18.00 to $17.00 and set a “hold” rating on the stock in a research note on Friday, September 15th. The Goldman Sachs Group initiated coverage on Tripadvisor in a research note on Tuesday, October 17th. They issued a “buy” rating and a $22.00 price target on the stock. StockNews.com raised Tripadvisor from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Finally, Sanford C. Bernstein raised Tripadvisor from a “market perform” rating to an “outperform” rating in a research note on Monday, November 13th. Three analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Tripadvisor presently has an average rating of “Hold” and an average price target of $20.80.
Check Out Our Latest Analysis on TRIP
Tripadvisor Trading Up 0.3 %
Shares of TRIP traded up $0.06 during trading hours on Friday, hitting $17.91. 1,948,695 shares of the stock traded hands, compared to its average volume of 2,100,362. The business has a fifty day moving average of $16.76 and a 200-day moving average of $16.45. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $2.48 billion, a PE ratio of -99.50 and a beta of 1.46. Tripadvisor, Inc. has a 1-year low of $14.15 and a 1-year high of $27.30.
Tripadvisor (NASDAQ:TRIP – Get Free Report) last issued its earnings results on Monday, November 6th. The travel company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. Tripadvisor had a negative net margin of 1.43% and a positive return on equity of 8.64%. The company had revenue of $533.00 million for the quarter, compared to analyst estimates of $506.01 million. Analysts expect that Tripadvisor, Inc. will post 0.47 EPS for the current year.
Tripadvisor Profile (Free Report)
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: Tripadvisor Core, Viator, and TheFork. The Tripadvisor Core 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.
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