ExodusPoint Capital Management LP Invests $5.17 Million in Tripadvisor, Inc. (NASDAQ:TRIP)

ExodusPoint Capital Management LP bought a new position in shares of Tripadvisor, Inc. (NASDAQ:TRIP) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 350,022 shares of the travel company’s stock, valued at approximately $5,170,000.

Several other hedge funds have also modified their holdings of the stock. Bogart Wealth LLC purchased a new position in Tripadvisor in the 4th quarter worth about $30,000. Blue Trust Inc. raised its holdings in shares of Tripadvisor by 204.4% during the fourth quarter. Blue Trust Inc. now owns 2,298 shares of the travel company’s stock valued at $33,000 after acquiring an additional 1,543 shares during the period. GAMMA Investing LLC lifted its position in shares of Tripadvisor by 204.7% in the 4th quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company’s stock valued at $54,000 after acquiring an additional 2,469 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Tripadvisor in the 4th quarter worth approximately $58,000. Finally, SRS Capital Advisors Inc. acquired a new position in Tripadvisor in the 4th quarter worth approximately $71,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. StockNews.com upgraded Tripadvisor from a “hold” rating to a “buy” rating in a report on Monday, February 24th. Wedbush reissued a “neutral” rating and issued a $17.00 price objective on shares of Tripadvisor in a research note on Thursday, December 19th. B. Riley lowered their target price on Tripadvisor from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, March 10th. JPMorgan Chase & Co. upped their target price on Tripadvisor from $14.00 to $15.00 and gave the company an “underweight” rating in a report on Friday, February 21st. Finally, DA Davidson restated a “neutral” rating and set a $16.00 price target on shares of Tripadvisor in a report on Thursday, February 20th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Tripadvisor has an average rating of “Hold” and a consensus price target of $17.57.

Tripadvisor Stock Performance

Shares of TRIP opened at $11.69 on Friday. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 584.79, a price-to-earnings-growth ratio of 9.01 and a beta of 1.35. The company’s fifty day moving average is $15.55 and its 200-day moving average is $15.05. The company has a quick ratio of 1.85, a current ratio of 2.10 and a debt-to-equity ratio of 0.93. Tripadvisor, Inc. has a 12 month low of $11.49 and a 12 month high of $27.63.

Tripadvisor (NASDAQ:TRIP) last posted its 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 net margin of 0.33% and a return on equity of 9.02%. The company had revenue of $411.00 million for the quarter, compared to the consensus estimate of $400.02 million. Equities analysts expect that Tripadvisor, Inc. will post 0.46 EPS for the current fiscal year.

Tripadvisor Profile

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.