AQR Capital Management LLC Purchases 1,526,024 Shares of Tripadvisor Inc (NASDAQ:TRIP)

AQR Capital Management LLC increased its position in shares of Tripadvisor Inc (NASDAQ:TRIP) by 38.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,527,639 shares of the travel company’s stock after buying an additional 1,526,024 shares during the quarter. AQR Capital Management LLC owned about 3.98% of Tripadvisor worth $255,266,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TRIP. Cullen Frost Bankers Inc. acquired a new position in Tripadvisor in the second quarter valued at $27,000. MUFG Americas Holdings Corp raised its holdings in shares of Tripadvisor by 136.1% in the second quarter. MUFG Americas Holdings Corp now owns 687 shares of the travel company’s stock valued at $32,000 after buying an additional 396 shares during the last quarter. Glassman Wealth Services raised its holdings in shares of Tripadvisor by 4,518.8% in the second quarter. Glassman Wealth Services now owns 739 shares of the travel company’s stock valued at $34,000 after buying an additional 723 shares during the last quarter. Meridian Wealth Management LLC purchased a new stake in shares of Tripadvisor in the first quarter valued at about $42,000. Finally, CSat Investment Advisory L.P. raised its holdings in shares of Tripadvisor by 65.1% in the first quarter. CSat Investment Advisory L.P. now owns 1,083 shares of the travel company’s stock valued at $56,000 after buying an additional 427 shares during the last quarter. 85.97% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently commented on TRIP shares. Stifel Nicolaus reaffirmed a “hold” rating and issued a $50.00 target price on shares of Tripadvisor in a report on Friday, August 9th. Barclays lowered their target price on shares of Tripadvisor from $70.00 to $64.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Standpoint Research started coverage on shares of Tripadvisor in a research report on Tuesday, July 16th. They set a “buy” rating and a $60.00 target price on the stock. DA Davidson upgraded shares of Tripadvisor from a “neutral” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Thursday, June 27th. Finally, Cowen set a $39.00 price target on shares of Tripadvisor and gave the company a “sell” rating in a research report on Friday, August 9th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company’s stock. Tripadvisor has a consensus rating of “Hold” and a consensus target price of $54.63.

TRIP stock traded up $1.28 during mid-day trading on Friday, hitting $39.11. 1,624,988 shares of the company were exchanged, compared to its average volume of 1,515,079. Tripadvisor Inc has a twelve month low of $35.41 and a twelve month high of $69.00. The firm has a fifty day simple moving average of $38.56 and a 200 day simple moving average of $44.97. The company has a market capitalization of $5.21 billion, a PE ratio of 37.25, a price-to-earnings-growth ratio of 1.78 and a beta of 1.35.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Wednesday, August 7th. The travel company reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.08). Tripadvisor had a net margin of 8.49% and a return on equity of 10.63%. The firm had revenue of $422.00 million during the quarter, compared to the consensus estimate of $445.46 million. During the same quarter in the prior year, the business earned $0.41 earnings per share. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. On average, equities research analysts expect that Tripadvisor Inc will post 1.24 EPS for the current year.

In related news, insider Dermot Halpin sold 3,409 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $40.23, for a total value of $137,144.07. Following the sale, the insider now directly owns 752 shares in the company, valued at approximately $30,252.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.50% of the stock is owned by insiders.

About Tripadvisor

TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotel and Non-Hotel. The company operates TripAdvisor-branded Websites, including tripadvisor.com in the United States; and localized versions of the Website in 48 markets and 28 languages. It also manages and operates other travel media brands that provide users the comprehensive travel-planning and trip-taking resources in the travel industry, such as airfarewatchdog.com, bookingbuddy.com, cruisecritic.com, familyvacationcritic.com, flipkey.com, thefork.com, holidaywatchdog.com, housetrip.com, jetsetter.com, niumba.com, onetime.com, oyster.com, seatguru.com, smartertravel.com, tingo.com, vacationhomerentals.com, and viator.com, as well as www.bokun.io and holidaylettings.co.uk.

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Institutional Ownership by Quarter for Tripadvisor (NASDAQ:TRIP)

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