Tripadvisor, Inc. (NASDAQ:TRIP) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its position in Tripadvisor, Inc. (NASDAQ:TRIP) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 130,062 shares of the travel company’s stock after selling 1,443 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of Tripadvisor worth $1,921,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TRIP. True Wealth Design LLC bought a new position in shares of Tripadvisor in the 3rd quarter worth about $27,000. Capital Performance Advisors LLP bought a new position in Tripadvisor in the third quarter worth about $28,000. Bogart Wealth LLC acquired a new position in Tripadvisor in the fourth quarter valued at approximately $30,000. Blue Trust Inc. lifted its holdings in shares of Tripadvisor by 204.4% in the 4th quarter. Blue Trust Inc. now owns 2,298 shares of the travel company’s stock worth $33,000 after purchasing an additional 1,543 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in Tripadvisor by 204.7% during the 4th quarter. GAMMA Investing LLC now owns 3,675 shares of the travel company’s stock worth $54,000 after buying an additional 2,469 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Tripadvisor Stock Down 8.4 %

Shares of NASDAQ:TRIP opened at $15.11 on Friday. Tripadvisor, Inc. has a 1 year low of $12.93 and a 1 year high of $28.76. The company has a market capitalization of $2.11 billion, a PE ratio of 755.88, a price-to-earnings-growth ratio of 9.01 and a beta of 1.34. The business has a fifty day moving average price of $15.98 and a two-hundred day moving average price of $14.99. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.10 and a quick ratio of 1.85.

Tripadvisor (NASDAQ:TRIP) last posted its earnings results on Thursday, February 20th. The travel company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.08). The business had revenue of $411.00 million during the quarter, compared to analysts’ expectations of $400.02 million. Tripadvisor had a return on equity of 9.02% and a net margin of 0.33%. Analysts forecast that Tripadvisor, Inc. will post 0.46 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on TRIP. StockNews.com downgraded Tripadvisor from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. TD Cowen lifted their target price on Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. DA Davidson reaffirmed a “neutral” rating and set a $16.00 target price on shares of Tripadvisor in a research note on Thursday. Wedbush reaffirmed a “neutral” rating and set a $17.00 target price on shares of Tripadvisor in a research note on Thursday, December 19th. Finally, Cantor Fitzgerald cut their target price on Tripadvisor from $14.00 to $13.00 and set an “underweight” rating on the stock in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Tripadvisor presently has an average rating of “Hold” and a consensus price target of $17.71.

Tripadvisor Profile

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.