Renaissance Technologies LLC Buys 50,900 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Renaissance Technologies LLC increased its stake in Tripadvisor, Inc. (NASDAQ:TRIP) by 3.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,624,010 shares of the travel company’s stock after buying an additional 50,900 shares during the quarter. Renaissance Technologies LLC owned about 1.17% of Tripadvisor worth $28,924,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp lifted its position in Tripadvisor by 104.1% in the second quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock worth $30,000 after buying an additional 846 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Tripadvisor by 52.6% in the fourth quarter. Quadrant Capital Group LLC now owns 2,497 shares of the travel company’s stock worth $54,000 after buying an additional 861 shares during the last quarter. Quest Partners LLC lifted its position in Tripadvisor by 14,244.4% in the second quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock worth $46,000 after buying an additional 2,564 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in Tripadvisor in the first quarter worth $83,000. Finally, Gladius Capital Management LP bought a new stake in Tripadvisor in the second quarter worth $79,000. 98.99% of the stock is currently owned by institutional investors.

Tripadvisor Price Performance

TRIP opened at $14.55 on Friday. The business’s 50-day moving average is $15.32 and its two-hundred day moving average is $19.98. Tripadvisor, Inc. has a 1 year low of $12.93 and a 1 year high of $28.76. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.68 and a quick ratio of 1.68. The firm has a market capitalization of $2.02 billion, a PE ratio of 97.01, a price-to-earnings-growth ratio of 1.76 and a beta of 1.39.

Tripadvisor (NASDAQ:TRIP) last posted its earnings results on Tuesday, August 6th. The travel company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. Tripadvisor had a return on equity of 11.81% and a net margin of 1.32%. The company had revenue of $497.00 million for the quarter, compared to analyst estimates of $504.76 million. During the same quarter in the previous year, the firm earned $0.21 earnings per share. The firm’s quarterly revenue was up .6% compared to the same quarter last year. Research analysts anticipate that Tripadvisor, Inc. will post 0.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. The Goldman Sachs Group reduced their target price on Tripadvisor from $27.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Wedbush reiterated a “neutral” rating and issued a $21.00 target price on shares of Tripadvisor in a research note on Wednesday, August 7th. JPMorgan Chase & Co. reduced their target price on Tripadvisor from $17.00 to $14.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 7th. B. Riley lowered Tripadvisor from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $26.00 to $19.00 in a research note on Wednesday, August 7th. Finally, TD Cowen reduced their target price on Tripadvisor from $25.00 to $15.00 and set a “hold” rating on the stock in a research note on Thursday, August 22nd. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.13.

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.