Maverick Capital Ltd. Cuts Stock Holdings in Tripadvisor, Inc. (NASDAQ:TRIP)

Maverick Capital Ltd. trimmed its position in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 1.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 177,265 shares of the travel company’s stock after selling 2,024 shares during the quarter. Maverick Capital Ltd. owned 0.13% of Tripadvisor worth $2,569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. boosted its holdings in Tripadvisor by 167.6% during the 3rd quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company’s stock worth $73,431,000 after acquiring an additional 3,173,817 shares during the last quarter. River Road Asset Management LLC boosted its holdings in Tripadvisor by 33.3% during the 3rd quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company’s stock worth $53,179,000 after acquiring an additional 917,689 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Tripadvisor by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,733,746 shares of the travel company’s stock worth $48,686,000 after acquiring an additional 95,138 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Tripadvisor by 53.0% during the 2nd quarter. AQR Capital Management LLC now owns 2,375,868 shares of the travel company’s stock worth $41,364,000 after acquiring an additional 822,712 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. boosted its holdings in Tripadvisor by 4.9% during the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,292,087 shares of the travel company’s stock worth $40,822,000 after acquiring an additional 107,154 shares during the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Tripadvisor Stock Up 1.6 %

TRIP stock opened at $14.33 on Friday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $2.00 billion, a PE ratio of 62.30, a PEG ratio of 9.85 and a beta of 1.37. Tripadvisor, Inc. has a twelve month low of $12.93 and a twelve month high of $28.76. The stock has a 50-day simple moving average of $14.84 and a two-hundred day simple moving average of $15.96.

Tripadvisor (NASDAQ:TRIP) last posted its earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, beating 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 business had revenue of $532.00 million during the quarter, compared to analyst estimates of $527.86 million. During the same quarter in the previous year, the firm earned $0.35 EPS. The company’s quarterly revenue was down .2% compared to the same quarter last year. On average, equities analysts predict that Tripadvisor, Inc. will post 0.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TRIP shares. BMO Capital Markets lowered their target price on Tripadvisor from $20.00 to $17.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 7th. B. Riley lifted their target price on Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. TD Cowen lifted their target price on Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a research note on Thursday, November 7th. DA Davidson lowered their target price on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Finally, Truist Financial lowered their target price on Tripadvisor from $21.00 to $17.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $18.33.

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.