Stanley Capital Management LLC Takes Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Stanley Capital Management LLC purchased a new stake in Tripadvisor, Inc. (NASDAQ:TRIP) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 625,608 shares of the travel company’s stock, valued at approximately $11,142,000. Tripadvisor accounts for approximately 2.3% of Stanley Capital Management LLC’s portfolio, making the stock its 19th biggest holding. Stanley Capital Management LLC owned 0.45% of Tripadvisor as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TRIP. Vanguard Group Inc. grew its position in shares of Tripadvisor by 6.6% in the fourth quarter. Vanguard Group Inc. now owns 12,876,614 shares of the travel company’s stock valued at $277,233,000 after purchasing an additional 791,940 shares during the period. Boston Partners purchased a new position in Tripadvisor in the 1st quarter valued at about $131,887,000. Dimensional Fund Advisors LP boosted its holdings in Tripadvisor by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,733,746 shares of the travel company’s stock worth $48,686,000 after buying an additional 95,138 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. increased its stake in Tripadvisor by 4.9% during the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,292,087 shares of the travel company’s stock worth $40,822,000 after buying an additional 107,154 shares in the last quarter. Finally, Pacer Advisors Inc. acquired a new position in shares of Tripadvisor during the second quarter valued at approximately $33,731,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Tripadvisor Stock Down 2.1 %

Shares of TRIP opened at $14.58 on Tuesday. The stock has a market capitalization of $2.03 billion, a PE ratio of 97.20, a P/E/G ratio of 1.76 and a beta of 1.39. 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 quick ratio of 1.68 and a current ratio of 1.68. The company’s 50-day simple moving average is $15.13 and its 200-day simple moving average is $19.68.

Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Tuesday, August 6th. The travel company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $497.00 million for the quarter, compared to the consensus estimate of $504.76 million. Tripadvisor had a net margin of 1.32% and a return on equity of 11.81%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 EPS. Analysts forecast that Tripadvisor, Inc. will post 0.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TRIP has been the topic of a number of research analyst reports. DA Davidson lowered their price target on Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Cantor Fitzgerald reaffirmed an “underweight” rating and set a $12.00 target price on shares of Tripadvisor in a report on Monday. Wedbush reissued a “neutral” rating and issued a $21.00 price target on shares of Tripadvisor in a research note on Wednesday, August 7th. JPMorgan Chase & Co. lowered their price target on shares of Tripadvisor from $17.00 to $14.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 7th. Finally, TD Cowen cut their price objective on shares of Tripadvisor from $25.00 to $15.00 and set a “hold” rating for the company in a report on Thursday, August 22nd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price 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.