Boussard & Gavaudan Investment Management LLP Takes $5.16 Million Position in Tripadvisor, Inc. (NASDAQ:TRIP)

Boussard & Gavaudan Investment Management LLP purchased a new stake in Tripadvisor, Inc. (NASDAQ:TRIP) in the third quarter, HoldingsChannel reports. The firm purchased 355,688 shares of the travel company’s stock, valued at approximately $5,159,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Fifth Third Bancorp increased its position in Tripadvisor by 104.1% during 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. Louisiana State Employees Retirement System increased its position in Tripadvisor by 2.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 54,700 shares of the travel company’s stock worth $974,000 after purchasing an additional 1,200 shares in the last quarter. KBC Group NV increased its position in Tripadvisor by 65.3% during the 3rd quarter. KBC Group NV now owns 4,499 shares of the travel company’s stock worth $65,000 after purchasing an additional 1,777 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in Tripadvisor during the 3rd quarter worth about $28,000. Finally, Quest Partners LLC increased its position in Tripadvisor by 14,244.4% during the 2nd quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock worth $46,000 after purchasing an additional 2,564 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Wall Street Analysts Forecast Growth

TRIP has been the subject of several recent analyst reports. Wedbush restated a “neutral” rating and issued a $17.00 price target (up previously from $16.00) on shares of Tripadvisor in a report on Thursday, November 7th. UBS Group lowered their price target on Tripadvisor from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. BTIG Research lowered their price target on Tripadvisor from $25.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Cantor Fitzgerald lowered their price target on Tripadvisor from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Thursday, November 7th. Finally, The Goldman Sachs Group lowered their price target on Tripadvisor from $27.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Tripadvisor currently has a consensus rating of “Hold” and an average price target of $18.33.

Tripadvisor Stock Performance

Tripadvisor stock opened at $14.10 on Thursday. The stock’s 50 day moving average price is $14.85 and its 200 day moving average price is $15.99. The firm has a market capitalization of $1.96 billion, a PE ratio of 61.31, a price-to-earnings-growth ratio of 9.92 and a beta of 1.37. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.85 and a current ratio of 1.85. Tripadvisor, Inc. has a one year low of $12.93 and a one year high of $28.76.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.44 by $0.06. The firm had revenue of $532.00 million for the quarter, compared to analyst estimates of $527.86 million. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. Tripadvisor’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 EPS. As a group, sell-side analysts expect that Tripadvisor, Inc. will post 0.36 EPS for the current fiscal year.

About Tripadvisor

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.