PenderFund Capital Management Ltd. bought a new stake in shares of Tripadvisor Inc (NASDAQ:TRIP) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 294,700 shares of the travel company’s stock, valued at approximately $10,768,000. Tripadvisor accounts for about 7.1% of PenderFund Capital Management Ltd.’s investment portfolio, making the stock its 3rd biggest position.
Other institutional investors and hedge funds also recently modified their holdings of the company. Atlantic Trust Group LLC lifted its stake in Tripadvisor by 8.0% in the third quarter. Atlantic Trust Group LLC now owns 53,888 shares of the travel company’s stock worth $2,184,000 after acquiring an additional 4,013 shares during the period. Sumitomo Mitsui Asset Management Company LTD lifted its stake in Tripadvisor by 12,501.8% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,377,381 shares of the travel company’s stock worth $55,825,000 after acquiring an additional 1,366,451 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its stake in Tripadvisor by 66.2% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,443 shares of the travel company’s stock worth $550,000 after acquiring an additional 5,356 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in Tripadvisor in the third quarter worth about $927,000. Finally, Janus Henderson Group PLC lifted its stake in Tripadvisor by 121.8% in the second quarter. Janus Henderson Group PLC now owns 40,714 shares of the travel company’s stock worth $1,555,000 after acquiring an additional 22,356 shares during the period. 90.32% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently weighed in on TRIP. BidaskClub raised shares of Tripadvisor from a “strong sell” rating to a “sell” rating in a research note on Wednesday. ValuEngine lowered shares of Tripadvisor from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Zacks Investment Research lowered shares of Tripadvisor from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Oppenheimer reaffirmed a “hold” rating on shares of Tripadvisor in a research note on Thursday, January 25th. Finally, Stifel Nicolaus lowered their price objective on shares of Tripadvisor from $40.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday, November 8th. Eight equities research analysts have rated the stock with a sell rating and eighteen have given a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $39.42.
Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Monday, November 6th. The travel company reported $0.36 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.36. The business had revenue of $439.00 million during the quarter, compared to the consensus estimate of $451.27 million. Tripadvisor had a net margin of 4.26% and a return on equity of 6.81%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 earnings per share. equities analysts predict that Tripadvisor Inc will post 0.69 EPS for the current fiscal year.
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TripAdvisor, Inc owns and operates a portfolio of online travel brands. TripAdvisor, the Company’s brand, is a travel site. The Company operates through two segments: Hotel and Non-Hotel. The Company’s Hotel segment includes click-based advertising and transaction; display-based and subscription-based advertising, and other hotel operations.
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