Boussard & Gavaudan Investment Management LLP Boosts Stake in Tripadvisor, Inc. (NASDAQ:TRIP)

Boussard & Gavaudan Investment Management LLP grew its holdings in Tripadvisor, Inc. (NASDAQ:TRIP) by 5.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 375,668 shares of the travel company’s stock after acquiring an additional 19,980 shares during the period. Boussard & Gavaudan Investment Management LLP’s holdings in Tripadvisor were worth $5,597,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in TRIP. Charles Schwab Investment Management Inc. raised its position in Tripadvisor by 4.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,199,339 shares of the travel company’s stock valued at $17,378,000 after purchasing an additional 55,115 shares in the last quarter. Citigroup Inc. lifted its stake in shares of Tripadvisor by 34.4% in the 3rd quarter. Citigroup Inc. now owns 258,119 shares of the travel company’s stock valued at $3,740,000 after purchasing an additional 66,042 shares during the period. Cerity Partners LLC lifted its holdings in Tripadvisor by 154.1% during the third quarter. Cerity Partners LLC now owns 36,493 shares of the travel company’s stock valued at $529,000 after purchasing an additional 22,133 shares in the last quarter. Blueshift Asset Management LLC acquired a new stake in Tripadvisor during the 3rd quarter worth $299,000. Finally, FORA Capital LLC acquired a new stake in shares of Tripadvisor in the 3rd quarter worth $777,000. 98.99% of the stock is owned by institutional investors.

Tripadvisor Stock Down 2.7 %

Tripadvisor stock opened at $14.68 on Friday. Tripadvisor, Inc. has a fifty-two week low of $12.93 and a fifty-two week high of $28.64. The company’s 50 day simple moving average is $15.91 and its 200 day simple moving average is $15.03. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 734.37, a PEG ratio of 9.01 and a beta of 1.35. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.10 and a quick ratio of 1.85.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Thursday, February 20th. The travel company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.08). Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. The company had revenue of $411.00 million for the quarter, compared to analyst estimates of $400.02 million. As a group, sell-side analysts anticipate that Tripadvisor, Inc. will post 0.46 EPS for the current year.

Wall Street Analyst Weigh In

TRIP has been the topic of a number of research analyst reports. StockNews.com raised Tripadvisor from a “hold” rating to a “buy” rating in a research report on Monday, February 24th. JPMorgan Chase & Co. increased their target price on shares of Tripadvisor from $14.00 to $15.00 and gave the stock an “underweight” rating in a research note on Friday, February 21st. DA Davidson reaffirmed a “neutral” rating and set a $16.00 price target on shares of Tripadvisor in a research note on Thursday, February 20th. Wedbush reiterated a “neutral” rating and issued a $17.00 price target on shares of Tripadvisor in a research report on Thursday, December 19th. Finally, Cantor Fitzgerald decreased their price objective on Tripadvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Friday, February 21st. Three equities 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 company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.