Quinn Opportunity Partners LLC Grows Holdings in Tripadvisor, Inc. (NASDAQ:TRIP)

Quinn Opportunity Partners LLC boosted its position in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 51.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 249,063 shares of the travel company’s stock after acquiring an additional 85,006 shares during the period. Quinn Opportunity Partners LLC’s holdings in Tripadvisor were worth $3,679,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Bogart Wealth LLC purchased a new stake in shares of Tripadvisor in the fourth quarter worth $30,000. Blue Trust Inc. increased its stake in Tripadvisor by 204.4% in the 4th quarter. Blue Trust Inc. now owns 2,298 shares of the travel company’s stock worth $33,000 after buying an additional 1,543 shares in the last quarter. Aster Capital Management DIFC Ltd increased its stake in Tripadvisor by 83.8% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company’s stock worth $50,000 after buying an additional 1,557 shares in the last quarter. GAMMA Investing LLC raised its holdings in Tripadvisor by 204.7% during the fourth quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company’s stock valued at $54,000 after acquiring an additional 2,469 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Tripadvisor in the fourth quarter valued at about $58,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TRIP. Wedbush reaffirmed a “neutral” rating and issued a $17.00 price objective on shares of Tripadvisor in a research note on Thursday, December 19th. UBS Group restated a “neutral” rating on shares of Tripadvisor in a research note on Tuesday, February 4th. DA Davidson reaffirmed a “neutral” rating and set a $16.00 price objective on shares of Tripadvisor in a report on Thursday, February 20th. Cantor Fitzgerald reduced their price objective on shares of Tripadvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. dropped their target price on shares of Tripadvisor from $15.00 to $11.00 and set an “underweight” rating for the company in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Tripadvisor currently has a consensus rating of “Hold” and a consensus price target of $17.29.

Tripadvisor Stock Performance

Tripadvisor stock opened at $11.44 on Friday. The company’s 50-day moving average price is $14.82 and its 200-day moving average price is $14.92. The company has a quick ratio of 1.85, a current ratio of 2.10 and a debt-to-equity ratio of 0.93. The company has a market cap of $1.61 billion, a PE ratio of 572.29, a price-to-earnings-growth ratio of 9.01 and a beta of 1.25. Tripadvisor, Inc. has a twelve month low of $10.43 and a twelve month high of $27.63.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Thursday, February 20th. The travel company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.08). The company had revenue of $411.00 million for the quarter, compared to the consensus estimate of $400.02 million. Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. On average, equities research analysts forecast that Tripadvisor, Inc. will post 0.46 EPS 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.