Pacer Advisors Inc. Invests $33.73 Million in Tripadvisor, Inc. (NASDAQ:TRIP)

Pacer Advisors Inc. bought a new stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,893,916 shares of the travel company’s stock, valued at approximately $33,731,000. Pacer Advisors Inc. owned about 1.36% of Tripadvisor at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fifth Third Bancorp increased its stake in Tripadvisor by 104.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock worth $30,000 after purchasing an additional 846 shares in the last quarter. Quest Partners LLC boosted its holdings in shares of 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 period. Quadrant Capital Group LLC increased its position in shares of 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 acquiring an additional 861 shares in the last quarter. Gladius Capital Management LP acquired a new stake in shares of Tripadvisor during the second quarter valued at approximately $79,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of Tripadvisor in the 1st quarter valued at approximately $83,000. 98.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. DA Davidson lowered their price objective on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. B. Riley cut shares of Tripadvisor from a “buy” rating to a “neutral” rating and lowered their price target for the company from $26.00 to $19.00 in a report on Wednesday, August 7th. BTIG Research dropped their price objective on Tripadvisor from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. The Goldman Sachs Group reduced their price target on Tripadvisor from $27.00 to $24.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, TD Cowen lowered their target price on shares of Tripadvisor from $25.00 to $15.00 and set a “hold” rating on the stock in a research note on Thursday, August 22nd. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.13.

Tripadvisor Stock Performance

Shares of TRIP stock opened at $14.90 on Friday. The business’s 50-day moving average price is $15.19 and its 200-day moving average price is $19.81. Tripadvisor, Inc. has a 12 month low of $12.93 and a 12 month high of $28.76. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 99.33, a PEG ratio of 1.76 and a beta of 1.39.

Tripadvisor (NASDAQ:TRIP) last released 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 net margin of 1.32% and a return on equity of 11.81%. The business 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 business earned $0.21 earnings per share. Tripadvisor’s revenue for the quarter was up .6% on a year-over-year basis. Equities research analysts forecast that Tripadvisor, Inc. will post 0.43 EPS for the current 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.