AQR Capital Management LLC Has $255.27 Million Stock Holdings in Tripadvisor Inc (NASDAQ:TRIP)

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AQR Capital Management LLC increased its position in shares of Tripadvisor Inc (NASDAQ:TRIP) by 38.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,527,639 shares of the travel company’s stock after buying an additional 1,526,024 shares during the quarter. AQR Capital Management LLC owned about 3.98% of Tripadvisor worth $255,266,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TRIP. Cullen Frost Bankers Inc. acquired a new position in Tripadvisor in the second quarter valued at $27,000. MUFG Americas Holdings Corp raised its holdings in shares of Tripadvisor by 136.1% in the second quarter. MUFG Americas Holdings Corp now owns 687 shares of the travel company’s stock valued at $32,000 after buying an additional 396 shares during the last quarter. Glassman Wealth Services raised its holdings in shares of Tripadvisor by 4,518.8% in the second quarter. Glassman Wealth Services now owns 739 shares of the travel company’s stock valued at $34,000 after buying an additional 723 shares during the last quarter. Meridian Wealth Management LLC purchased a new stake in shares of Tripadvisor in the first quarter valued at about $42,000. Finally, CSat Investment Advisory L.P. raised its holdings in shares of Tripadvisor by 65.1% in the first quarter. CSat Investment Advisory L.P. now owns 1,083 shares of the travel company’s stock valued at $56,000 after buying an additional 427 shares during the last quarter. 85.97% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Dermot Halpin sold 3,409 shares of Tripadvisor stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $40.23, for a total transaction of $137,144.07. Following the sale, the insider now owns 752 shares of the company’s stock, valued at approximately $30,252.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.50% of the company’s stock.

A number of equities research analysts have recently commented on TRIP shares. Credit Suisse Group reduced their target price on shares of Tripadvisor from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Bank of America cut their price target on shares of Tripadvisor from $43.00 to $40.00 and set an “underperform” rating for the company in a report on Friday, August 9th. UBS Group raised shares of Tripadvisor from a “sell” rating to a “neutral” rating and cut their price target for the stock from $44.00 to $40.00 in a report on Wednesday, September 4th. BidaskClub cut shares of Tripadvisor from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 25th. Finally, Barclays cut their price target on shares of Tripadvisor from $70.00 to $64.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $54.63.

NASDAQ TRIP traded up $1.28 during mid-day trading on Friday, reaching $39.11. 1,624,988 shares of the stock were exchanged, compared to its average volume of 1,515,079. The stock has a market capitalization of $5.21 billion, a PE ratio of 37.25, a PEG ratio of 1.78 and a beta of 1.35. Tripadvisor Inc has a 1-year low of $35.41 and a 1-year high of $69.00. The business’s fifty day simple moving average is $38.56 and its 200 day simple moving average is $44.97.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Wednesday, August 7th. The travel company reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.08). Tripadvisor had a return on equity of 10.63% and a net margin of 8.49%. The company had revenue of $422.00 million for the quarter, compared to analysts’ expectations of $445.46 million. During the same period in the prior year, the business earned $0.41 EPS. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, analysts forecast that Tripadvisor Inc will post 1.24 EPS for the current fiscal year.

Tripadvisor Company Profile

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotel and Non-Hotel. The company operates TripAdvisor-branded Websites, including tripadvisor.com in the United States; and localized versions of the Website in 48 markets and 28 languages. It also manages and operates other travel media brands that provide users the comprehensive travel-planning and trip-taking resources in the travel industry, such as airfarewatchdog.com, bookingbuddy.com, cruisecritic.com, familyvacationcritic.com, flipkey.com, thefork.com, holidaywatchdog.com, housetrip.com, jetsetter.com, niumba.com, onetime.com, oyster.com, seatguru.com, smartertravel.com, tingo.com, vacationhomerentals.com, and viator.com, as well as www.bokun.io and holidaylettings.co.uk.

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Institutional Ownership by Quarter for Tripadvisor (NASDAQ:TRIP)

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