Y Intercept Hong Kong Ltd Grows Position in TripAdvisor, Inc. $TRIP

Y Intercept Hong Kong Ltd raised its stake in shares of TripAdvisor, Inc. (NASDAQ:TRIP) by 166.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 131,030 shares of the travel company’s stock after acquiring an additional 81,842 shares during the period. Y Intercept Hong Kong Ltd’s holdings in TripAdvisor were worth $2,131,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in TripAdvisor by 7.4% in the second quarter. Bank of New York Mellon Corp now owns 799,569 shares of the travel company’s stock worth $10,434,000 after purchasing an additional 54,954 shares during the last quarter. Greenland Capital Management LP raised its stake in shares of TripAdvisor by 176.4% during the 2nd quarter. Greenland Capital Management LP now owns 294,151 shares of the travel company’s stock worth $3,839,000 after purchasing an additional 187,734 shares during the period. Texas Permanent School Fund Corp boosted its holdings in shares of TripAdvisor by 472.4% in the 2nd quarter. Texas Permanent School Fund Corp now owns 366,638 shares of the travel company’s stock worth $4,785,000 after buying an additional 302,587 shares during the last quarter. Toronado Partners LLC grew its position in TripAdvisor by 5.8% during the second quarter. Toronado Partners LLC now owns 990,649 shares of the travel company’s stock valued at $12,928,000 after buying an additional 54,042 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in TripAdvisor during the second quarter worth about $5,220,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TRIP has been the topic of a number of research analyst reports. Sanford C. Bernstein reiterated an “outperform” rating and issued a $20.00 target price on shares of TripAdvisor in a research note on Friday, November 7th. Wall Street Zen cut shares of TripAdvisor from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Jefferies Financial Group reduced their price objective on TripAdvisor from $13.00 to $12.50 and set an “underperform” rating for the company in a report on Thursday, December 11th. Cantor Fitzgerald decreased their target price on TripAdvisor from $15.00 to $14.00 and set an “underweight” rating for the company in a research report on Thursday, January 8th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of TripAdvisor in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, TripAdvisor presently has an average rating of “Reduce” and a consensus price target of $16.34.

TripAdvisor Trading Down 0.4%

Shares of TRIP stock opened at $13.01 on Thursday. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 1.29 and a beta of 0.99. The company’s fifty day simple moving average is $14.41 and its two-hundred day simple moving average is $15.96. TripAdvisor, Inc. has a 1 year low of $10.43 and a 1 year high of $20.16. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.33 and a quick ratio of 1.33.

TripAdvisor (NASDAQ:TRIP) last announced its quarterly earnings results on Thursday, November 6th. The travel company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07. The company had revenue of $553.00 million during the quarter, compared to analysts’ expectations of $562.92 million. TripAdvisor had a return on equity of 14.77% and a net margin of 4.23%.The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.50 earnings per share. As a group, analysts anticipate that TripAdvisor, Inc. will post 0.46 earnings per share for the current year.

TripAdvisor Profile

TripAdvisor (NASDAQ:TRIP) is a leading online travel company that operates a digital platform for travel information, reviews and booking services. The company’s flagship website and mobile apps allow users to access and contribute travel-related content—ranging from hotel and restaurant reviews to ratings for tours, attractions and vacation rentals—helping consumers plan and book trips around the world.

The core of TripAdvisor’s offering is its community-driven review system, which aggregates user-generated feedback alongside editorial content and professional photography.