Blueshift Asset Management LLC Buys 122,803 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Blueshift Asset Management LLC grew its stake in Tripadvisor, Inc. (NASDAQ:TRIP) by 595.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,435 shares of the travel company’s stock after buying an additional 122,803 shares during the period. Tripadvisor makes up about 0.8% of Blueshift Asset Management LLC’s holdings, making the stock its 17th biggest holding. Blueshift Asset Management LLC’s holdings in Tripadvisor were worth $2,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. True Wealth Design LLC purchased a new position in Tripadvisor in the third quarter worth $27,000. Bogart Wealth LLC purchased a new stake in Tripadvisor during the fourth quarter valued at about $30,000. Blue Trust Inc. lifted its stake in Tripadvisor by 204.4% during the fourth quarter. Blue Trust Inc. now owns 2,298 shares of the travel company’s stock worth $33,000 after purchasing an additional 1,543 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Tripadvisor by 204.7% in the 4th quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company’s stock worth $54,000 after purchasing an additional 2,469 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Tripadvisor during the 4th quarter valued at about $58,000. Institutional investors own 98.99% of the company’s stock.

Tripadvisor Price Performance

TRIP opened at $14.81 on Thursday. The stock’s 50 day moving average price is $15.90 and its 200-day moving average price is $15.00. Tripadvisor, Inc. has a 52-week low of $12.93 and a 52-week high of $28.76. The stock has a market capitalization of $2.08 billion, a PE ratio of 740.87, a price-to-earnings-growth ratio of 9.01 and a beta of 1.35. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 2.10.

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

Analyst Ratings Changes

Several brokerages have issued reports on TRIP. Wedbush reaffirmed a “neutral” rating and issued a $17.00 target price on shares of Tripadvisor in a research note on Thursday, December 19th. UBS Group reaffirmed a “neutral” rating on shares of Tripadvisor in a report on Tuesday, February 4th. DA Davidson reiterated a “neutral” rating and issued a $16.00 target price on shares of Tripadvisor in a research report on Thursday, February 20th. Cantor Fitzgerald cut their price target on shares of Tripadvisor from $14.00 to $13.00 and set an “underweight” rating for the company in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. lifted their price objective on Tripadvisor from $14.00 to $15.00 and gave the stock an “underweight” rating in a report on Friday, February 21st. Three research 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. According to data from MarketBeat, Tripadvisor currently has a consensus rating of “Hold” and an average price target of $17.57.

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.