Susquehanna Fundamental Investments LLC Purchases Shares of 211,962 TripAdvisor, Inc. $TRIP

Susquehanna Fundamental Investments LLC acquired a new stake in shares of TripAdvisor, Inc. (NASDAQ:TRIP) in the second quarter, Holdings Channel.com reports. The fund acquired 211,962 shares of the travel company’s stock, valued at approximately $2,906,000.

Several other large investors have also modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 lifted its holdings in shares of TripAdvisor by 1,183.2% in the first quarter. Jones Financial Companies Lllp now owns 6,416 shares of the travel company’s stock valued at $85,000 after purchasing an additional 5,916 shares in the last quarter. Empowered Funds LLC lifted its stake in TripAdvisor by 14.2% in the 1st quarter. Empowered Funds LLC now owns 13,475 shares of the travel company’s stock worth $191,000 after acquiring an additional 1,676 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of TripAdvisor by 8.0% during 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 worth $4,216,000 after purchasing an additional 22,136 shares during the period. Finally, Creative Planning acquired a new stake in shares of TripAdvisor during the 2nd quarter valued at $349,000. 98.99% of the stock is owned by institutional investors.

TripAdvisor Stock Down 3.5%

TRIP opened at $9.52 on Tuesday. The business has a 50 day moving average of $12.65 and a 200-day moving average of $11.39. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 952.95, a P/E/G ratio of 3.67 and a beta of 0.86. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.28. TripAdvisor, Inc. has a 1-year low of $9.01 and a 1-year high of $20.16.

TripAdvisor (NASDAQ:TRIP) last announced its earnings results on Thursday, August 6th. The travel company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). TripAdvisor had a return on equity of 4.23% and a net margin of 0.28%.The company had revenue of $385.30 million for the quarter, compared to the consensus estimate of $506.27 million. During the same period last year, the firm posted $0.46 EPS. The company’s revenue was down 7.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that TripAdvisor, Inc. will post 0.36 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TRIP. UBS Group reduced their price target on TripAdvisor from $15.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, August 11th. BTIG Research downgraded TripAdvisor from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 21st. Barclays reduced their target price on TripAdvisor from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Monday, May 11th. The Goldman Sachs Group reiterated a “buy” rating and set a $16.00 price target on shares of TripAdvisor in a report on Monday, July 20th. Finally, Wedbush lifted their price target on shares of TripAdvisor from $19.00 to $20.00 and gave the company an “outperform” rating in a research report on Tuesday, June 16th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $14.12.

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.