Jackson Square Partners LLC Grows Stake in Tripadvisor Inc (TRIP)
Jackson Square Partners LLC lifted its position in Tripadvisor Inc (NASDAQ:TRIP) by 2.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,279,727 shares of the travel company’s stock after buying an additional 283,336 shares during the period. Tripadvisor makes up about 2.0% of Jackson Square Partners LLC’s investment portfolio, making the stock its 21st biggest position. Jackson Square Partners LLC owned approximately 7.40% of Tripadvisor worth $416,637,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH purchased a new position in Tripadvisor during the third quarter valued at $56,957,000. Engineers Gate Manager LP lifted its position in Tripadvisor by 137.6% during the third quarter. Engineers Gate Manager LP now owns 46,483 shares of the travel company’s stock valued at $1,884,000 after purchasing an additional 26,920 shares in the last quarter. Lafayette Investments Inc. purchased a new position in Tripadvisor during the third quarter valued at $1,386,000. Oakview Capital Management L.P. lifted its position in Tripadvisor by 58.8% during the third quarter. Oakview Capital Management L.P. now owns 610,713 shares of the travel company’s stock valued at $24,752,000 after purchasing an additional 226,119 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Tripadvisor by 52.8% during the third quarter. Dimensional Fund Advisors LP now owns 468,150 shares of the travel company’s stock valued at $18,974,000 after purchasing an additional 161,746 shares in the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.
Shares of Tripadvisor Inc (NASDAQ TRIP) opened at $34.42 on Thursday. Tripadvisor Inc has a twelve month low of $29.50 and a twelve month high of $53.58. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.47 and a quick ratio of 2.47. The stock has a market capitalization of $4,827.40, a PE ratio of 50.38, a PEG ratio of 2.82 and a beta of 2.32.
Tripadvisor (NASDAQ:TRIP) last issued its earnings results on Monday, November 6th. The travel company reported $0.36 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. Tripadvisor had a return on equity of 6.81% and a net margin of 4.26%. The firm had revenue of $439.00 million for the quarter, compared to analysts’ expectations of $451.27 million. During the same period in the previous year, the firm posted $0.53 earnings per share. The business’s revenue was up 4.3% compared to the same quarter last year. research analysts anticipate that Tripadvisor Inc will post 0.69 EPS for the current fiscal year.
TRIP has been the topic of several analyst reports. Piper Jaffray Companies lowered their target price on Tripadvisor to $43.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 9th. BidaskClub upgraded Tripadvisor from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 9th. Bank of America reiterated an “underperform” rating and set a $30.00 target price (down from $35.00) on shares of Tripadvisor in a research report on Wednesday, August 9th. Barclays reiterated a “hold” rating and set a $47.00 target price on shares of Tripadvisor in a research report on Wednesday, August 9th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $40.00 price target (down from $45.00) on shares of Tripadvisor in a report on Thursday, August 10th. Eight research analysts have rated the stock with a sell rating and twenty have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $39.95.
ILLEGAL ACTIVITY WARNING: “Jackson Square Partners LLC Grows Stake in Tripadvisor Inc (TRIP)” was originally posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this report on another site, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://theolympiareport.com/2017/12/07/jackson-square-partners-llc-grows-stake-in-tripadvisor-inc-trip.html.
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.
Want to see what other hedge funds are holding TRIP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tripadvisor Inc (NASDAQ:TRIP).
Receive News & Ratings for Tripadvisor Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tripadvisor Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.