Lafayette Investments Inc. purchased a new position in Tripadvisor Inc (NASDAQ:TRIP) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 34,185 shares of the travel company’s stock, valued at approximately $1,386,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Oakview Capital Management L.P. raised its holdings in Tripadvisor by 58.8% in the 3rd quarter. Oakview Capital Management L.P. now owns 610,713 shares of the travel company’s stock worth $24,752,000 after purchasing an additional 226,119 shares during the period. Dimensional Fund Advisors LP raised its holdings in Tripadvisor by 52.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 468,150 shares of the travel company’s stock worth $18,974,000 after purchasing an additional 161,746 shares during the period. Brown Advisory Inc. raised its holdings in Tripadvisor by 2.2% in the 3rd quarter. Brown Advisory Inc. now owns 6,284,998 shares of the travel company’s stock worth $254,731,000 after purchasing an additional 135,568 shares during the period. Carmignac Gestion raised its holdings in Tripadvisor by 9.4% in the 3rd quarter. Carmignac Gestion now owns 6,851,065 shares of the travel company’s stock worth $277,674,000 after purchasing an additional 585,879 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its holdings in Tripadvisor by 40.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 569,951 shares of the travel company’s stock worth $23,101,000 after purchasing an additional 163,116 shares during the period. Hedge funds and other institutional investors own 88.76% of the company’s stock.

TRIP has been the topic of a number of recent research reports. ValuEngine raised Tripadvisor from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Zacks Investment Research cut Tripadvisor from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Deutsche Bank decreased their target price on Tripadvisor from $40.00 to $37.00 and set a “hold” rating on the stock in a report on Tuesday, October 24th. Jefferies Group reissued a “sell” rating and set a $27.00 price target on shares of Tripadvisor in a report on Friday, November 10th. Finally, SunTrust Banks reissued a “hold” rating and set a $44.00 price target on shares of Tripadvisor in a report on Thursday, October 12th. Eight analysts have rated the stock with a sell rating and twenty have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $39.95.

Shares of Tripadvisor Inc (NASDAQ TRIP) opened at $34.76 on Tuesday. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $4,830.00, a PE ratio of 49.70, a price-to-earnings-growth ratio of 2.78 and a beta of 2.32. Tripadvisor Inc has a twelve month low of $29.50 and a twelve month high of $53.58.

Tripadvisor (NASDAQ:TRIP) last issued its quarterly earnings data on Monday, November 6th. The travel company reported $0.36 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.36. The firm had revenue of $439.00 million during the quarter, compared to analyst estimates of $451.27 million. Tripadvisor had a return on equity of 6.81% and a net margin of 4.26%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 earnings per share. equities research analysts predict that Tripadvisor Inc will post 0.69 EPS for the current year.

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Tripadvisor Company Profile

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.

Institutional Ownership by Quarter for Tripadvisor (NASDAQ:TRIP)

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