WINTON GROUP Ltd Has $900,000 Position in Tripadvisor, Inc. (NASDAQ:TRIP)

WINTON GROUP Ltd increased its position in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 96.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 45,302 shares of the travel company’s stock after purchasing an additional 22,255 shares during the quarter. WINTON GROUP Ltd’s holdings in Tripadvisor were worth $900,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dark Forest Capital Management LP raised its holdings in Tripadvisor by 1,227.3% in 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 in the last quarter. Harvest Fund Management Co. Ltd raised its holdings in Tripadvisor by 1,581.0% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 4,068 shares of the travel company’s stock valued at $81,000 after acquiring an additional 3,826 shares in the last quarter. Van ECK Associates Corp acquired a new position in Tripadvisor in the 4th quarter valued at $162,000. State of Wyoming raised its holdings in shares of Tripadvisor by 59.4% during the 4th quarter. State of Wyoming now owns 9,069 shares of the travel company’s stock worth $163,000 after buying an additional 3,378 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of Tripadvisor by 416.1% during the 1st quarter. Acadian Asset Management LLC now owns 8,568 shares of the travel company’s stock worth $169,000 after buying an additional 6,908 shares in the last quarter. 74.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TRIP has been the subject of a number of research analyst reports. Credit Suisse Group lowered their price target on Tripadvisor from $26.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, August 4th. Barclays lowered their price target on Tripadvisor from $15.00 to $14.00 and set an “underweight” rating for the company in a report on Friday, August 4th. Truist Financial lowered their price target on Tripadvisor from $21.00 to $18.00 in a report on Thursday, June 1st. TheStreet cut Tripadvisor from a “c-” rating to a “d+” rating in a report on Tuesday, May 23rd. Finally, B. Riley initiated coverage on Tripadvisor in a report on Thursday, June 22nd. They set a “buy” rating and a $25.00 price target for the company. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $21.88.

Tripadvisor Trading Up 2.5 %

Shares of TRIP stock opened at $15.99 on Wednesday. The stock’s fifty day simple moving average is $16.48 and its 200 day simple moving average is $17.46. Tripadvisor, Inc. has a twelve month low of $14.39 and a twelve month high of $27.30. The firm has a market capitalization of $2.21 billion, a P/E ratio of -79.95 and a beta of 1.42. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 1.14.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Wednesday, August 2nd. The travel company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. Tripadvisor had a positive return on equity of 4.87% and a negative net margin of 1.61%. The firm had revenue of $494.00 million for the quarter, compared to analyst estimates of $474.01 million. As a group, sell-side analysts predict that Tripadvisor, Inc. will post 0.42 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: 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.