Entropy Technologies LP Sells 19,186 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Entropy Technologies LP trimmed its stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 46.0% in the third quarter, Holdings Channel.com reports. The fund owned 22,519 shares of the travel company’s stock after selling 19,186 shares during the quarter. Entropy Technologies LP’s holdings in Tripadvisor were worth $326,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Swiss National Bank increased its position in Tripadvisor by 0.6% during the 1st quarter. Swiss National Bank now owns 210,900 shares of the travel company’s stock valued at $5,861,000 after purchasing an additional 1,200 shares during the period. Sei Investments Co. increased its position in shares of Tripadvisor by 4.6% during the first quarter. Sei Investments Co. now owns 207,614 shares of the travel company’s stock worth $5,770,000 after buying an additional 9,169 shares during the period. State Board of Administration of Florida Retirement System raised its stake in Tripadvisor by 1.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 112,820 shares of the travel company’s stock worth $3,135,000 after buying an additional 1,928 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Tripadvisor by 5.3% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 32,423 shares of the travel company’s stock valued at $898,000 after buying an additional 1,626 shares during the period. Finally, Acadian Asset Management LLC boosted its position in Tripadvisor by 589.5% during the first quarter. Acadian Asset Management LLC now owns 34,946 shares of the travel company’s stock valued at $970,000 after acquiring an additional 29,878 shares during the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

Tripadvisor Price Performance

Shares of NASDAQ TRIP opened at $13.94 on Friday. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 60.61, a PEG ratio of 10.06 and a beta of 1.37. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85. Tripadvisor, Inc. has a fifty-two week low of $12.93 and a fifty-two week high of $28.76. The firm’s 50-day simple moving average is $14.81 and its 200 day simple moving average is $16.50.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Wednesday, November 6th. The travel company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.44 by $0.06. The firm had revenue of $532.00 million during the quarter, compared to the consensus estimate of $527.86 million. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.35 earnings per share. As a group, research analysts anticipate that Tripadvisor, Inc. will post 0.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TRIP shares. TD Cowen lifted their price objective on Tripadvisor from $15.00 to $20.00 and gave the stock a “hold” rating in a research report on Thursday, November 7th. Truist Financial lowered their target price on Tripadvisor from $21.00 to $17.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. DA Davidson cut their price target on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. B. Riley raised their price objective on shares of Tripadvisor from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, StockNews.com downgraded shares of Tripadvisor from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $18.33.

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.