Jacobs Levy Equity Management Inc. Has $37.89 Million Stock Holdings in Tripadvisor, Inc. (NASDAQ:TRIP)

Jacobs Levy Equity Management Inc. lessened its stake in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 0.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,565,508 shares of the travel company’s stock after selling 834 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Tripadvisor were worth $37,893,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bogart Wealth LLC acquired a new position in Tripadvisor during the fourth quarter valued at approximately $30,000. Blue Trust Inc. grew its holdings in 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 purchasing an additional 1,543 shares during the last quarter. Aster Capital Management DIFC Ltd grew its holdings in Tripadvisor by 83.8% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,414 shares of the travel company’s stock valued at $50,000 after purchasing an additional 1,557 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Tripadvisor by 204.7% in the fourth quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company’s stock worth $54,000 after acquiring an additional 2,469 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Tripadvisor in the fourth quarter worth $58,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Cantor Fitzgerald lowered their price objective on shares of Tripadvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a research note on Friday, February 21st. DA Davidson restated a “neutral” rating and issued a $16.00 price objective on shares of Tripadvisor in a research note on Thursday, February 20th. JPMorgan Chase & Co. raised their price objective on shares of Tripadvisor from $11.00 to $13.00 and gave the stock an “underweight” rating in a research note on Friday. UBS Group raised their price objective on shares of Tripadvisor from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Mizuho upgraded shares of Tripadvisor to a “hold” rating in a research note on Friday, April 18th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $17.25.

Tripadvisor Stock Up 0.5%

TRIP opened at $15.02 on Monday. Tripadvisor, Inc. has a fifty-two week low of $10.43 and a fifty-two week high of $19.37. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.10 and a quick ratio of 1.85. The firm’s fifty day moving average price is $13.18 and its two-hundred day moving average price is $14.60. The company has a market capitalization of $2.11 billion, a P/E ratio of 751.38, a P/E/G ratio of 9.01 and a beta of 1.27.

Tripadvisor (NASDAQ:TRIP) last posted its quarterly earnings results on Wednesday, May 7th. The travel company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.09. The firm had revenue of $398.00 million for the quarter, compared to the consensus estimate of $386.94 million. Tripadvisor had a net margin of 0.33% and a return on equity of 9.02%. The business’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.12 earnings per share. On average, analysts anticipate that Tripadvisor, Inc. will post 0.46 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.