Penserra Capital Management LLC lowered its position in shares of Tripadvisor Inc (NASDAQ:TRIP) by 7.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 180,528 shares of the travel company’s stock after selling 15,063 shares during the quarter. Penserra Capital Management LLC owned 0.13% of Tripadvisor worth $7,293,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of TRIP. PenderFund Capital Management Ltd. boosted its stake in shares of Tripadvisor by 881.8% during the 2nd quarter. PenderFund Capital Management Ltd. now owns 2,000,000 shares of the travel company’s stock worth $2,703,000 after purchasing an additional 1,796,293 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Tripadvisor by 38.1% during the 2nd quarter. AQR Capital Management LLC now owns 5,527,639 shares of the travel company’s stock worth $255,266,000 after purchasing an additional 1,526,024 shares during the last quarter. Pictet Asset Management Ltd. boosted its stake in shares of Tripadvisor by 2,447.5% during the 3rd quarter. Pictet Asset Management Ltd. now owns 1,350,632 shares of the travel company’s stock worth $52,242,000 after purchasing an additional 1,297,614 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Tripadvisor by 137.9% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,169,431 shares of the travel company’s stock worth $54,133,000 after acquiring an additional 677,847 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Tripadvisor by 57.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,170,114 shares of the travel company’s stock worth $54,197,000 after acquiring an additional 427,150 shares during the period. 83.85% of the stock is currently owned by institutional investors and hedge funds.
TRIP has been the topic of several recent analyst reports. Bank of America cut their price objective on shares of Tripadvisor from $43.00 to $40.00 and set an “underperform” rating on the stock in a report on Friday, August 9th. Deutsche Bank cut their price objective on shares of Tripadvisor from $54.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Needham & Company LLC reiterated a “buy” rating and set a $63.00 price objective on shares of Tripadvisor in a report on Thursday, November 7th. Piper Jaffray Companies increased their price objective on shares of Tripadvisor from $39.00 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. lowered shares of Tripadvisor from a “neutral” rating to an “underweight” rating and cut their price target for the company from $48.00 to $28.00 in a report on Friday, November 8th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $44.40.
Tripadvisor (NASDAQ:TRIP) last released its earnings results on Wednesday, November 6th. The travel company reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.05. Tripadvisor had a return on equity of 9.18% and a net margin of 7.44%. The company had revenue of $428.00 million for the quarter, compared to analysts’ expectations of $459.39 million. During the same quarter in the previous year, the business posted $0.72 EPS. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. As a group, equities analysts anticipate that Tripadvisor Inc will post 1.18 earnings per share for the current fiscal year.
The company also recently declared a dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $3.50 per share. The ex-dividend date is Tuesday, November 19th.
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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