Blue Grotto Capital LLC Raises Position in TripAdvisor, Inc. $TRIP

Blue Grotto Capital LLC raised its holdings in TripAdvisor, Inc. (NASDAQ:TRIP) by 8.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,300,000 shares of the travel company’s stock after buying an additional 98,038 shares during the quarter. TripAdvisor comprises 2.5% of Blue Grotto Capital LLC’s holdings, making the stock its 19th largest position. Blue Grotto Capital LLC owned 1.12% of TripAdvisor worth $21,138,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in TRIP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of TripAdvisor by 29.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,998 shares of the travel company’s stock worth $1,162,000 after purchasing an additional 18,699 shares during the period. Jones Financial Companies Lllp boosted its holdings in TripAdvisor by 1,183.2% during the first quarter. Jones Financial Companies Lllp now owns 6,416 shares of the travel company’s stock worth $85,000 after buying an additional 5,916 shares in the last quarter. Empowered Funds LLC grew its position in shares of TripAdvisor by 14.2% during the 1st quarter. Empowered Funds LLC now owns 13,475 shares of the travel company’s stock valued at $191,000 after acquiring an additional 1,676 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in TripAdvisor by 8.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 297,532 shares of the travel company’s stock valued at $4,216,000 after purchasing an additional 22,136 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in TripAdvisor by 11.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 32,888 shares of the travel company’s stock worth $429,000 after acquiring an additional 3,254 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Jefferies Financial Group reduced their target price on TripAdvisor from $13.00 to $12.50 and set an “underperform” rating for the company in a report on Thursday, December 11th. BTIG Research cut their price objective on shares of TripAdvisor from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Zacks Research downgraded TripAdvisor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Cantor Fitzgerald set a $10.00 price target on shares of TripAdvisor and gave the company an “underweight” rating in a research note on Friday, February 13th. Finally, Barclays cut their price objective on TripAdvisor from $13.00 to $10.00 and set an “underweight” rating on the stock in a report on Friday, February 13th. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $14.96.

TripAdvisor Stock Down 5.1%

TripAdvisor stock opened at $9.33 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.29 and a quick ratio of 1.29. TripAdvisor, Inc. has a 1-year low of $9.25 and a 1-year high of $20.16. The stock has a market cap of $1.07 billion, a PE ratio of 31.10, a P/E/G ratio of 1.75 and a beta of 0.97. The stock’s fifty day moving average is $12.13 and its two-hundred day moving average is $14.59.

TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Thursday, February 12th. The travel company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.11). The business had revenue of $411.00 million during the quarter, compared to analyst estimates of $412.53 million. TripAdvisor had a net margin of 2.12% and a return on equity of 10.67%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the company earned $0.30 earnings per share. On average, sell-side analysts expect that TripAdvisor, Inc. will post 0.46 EPS for the current fiscal year.

About TripAdvisor

TripAdvisor (NASDAQ:TRIP) is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company’s flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor’s offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.