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

New York State Common Retirement Fund cut its holdings in Tripadvisor, Inc. (NASDAQ:TRIP) by 19.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 57,215 shares of the travel company’s stock after selling 14,000 shares during the quarter. New York State Common Retirement Fund’s holdings in Tripadvisor were worth $845,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TRIP. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Tripadvisor in the 4th quarter valued at approximately $58,000. Principal Financial Group Inc. increased its stake in Tripadvisor by 3.5% during the 4th quarter. Principal Financial Group Inc. now owns 534,304 shares of the travel company’s stock valued at $7,892,000 after purchasing an additional 18,223 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Tripadvisor by 15.6% in the fourth quarter. Rhumbline Advisers now owns 286,342 shares of the travel company’s stock worth $4,229,000 after buying an additional 38,740 shares during the last quarter. Bogart Wealth LLC acquired a new stake in shares of Tripadvisor during the fourth quarter worth $30,000. Finally, Essex Financial Services Inc. purchased a new stake in shares of Tripadvisor during the fourth quarter valued at $262,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analyst Ratings Changes

TRIP has been the topic of a number of research reports. B. Riley increased their price objective on Tripadvisor from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Wedbush reiterated a “neutral” rating and issued a $17.00 target price on shares of Tripadvisor in a research report on Thursday, December 19th. UBS Group reissued a “neutral” rating on shares of Tripadvisor in a research report on Tuesday, February 4th. TD Cowen lifted their price objective on shares of Tripadvisor from $15.00 to $20.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. Finally, StockNews.com upgraded shares of Tripadvisor from a “hold” rating to a “buy” rating in a research note on Monday, February 24th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $17.71.

Tripadvisor Stock Down 2.8 %

Shares of NASDAQ TRIP opened at $14.39 on Tuesday. The stock has a market cap of $2.02 billion, a PE ratio of 719.86, a P/E/G ratio of 9.01 and a beta of 1.34. The company has a current ratio of 2.10, a quick ratio of 1.85 and a debt-to-equity ratio of 0.93. Tripadvisor, Inc. has a 12-month low of $12.93 and a 12-month high of $28.76. The company has a 50-day moving average of $16.11 and a 200 day moving average of $15.04.

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

Tripadvisor Company 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.