Tripadvisor, Inc. (NASDAQ:TRIP) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its position in Tripadvisor, Inc. (NASDAQ:TRIP – Get Rating) by 3.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,929 shares of the travel company’s stock after purchasing an additional 535 shares during the period. State of Alaska Department of Revenue’s holdings in Tripadvisor were worth $329,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Loomis Sayles & Co. L P bought a new position in Tripadvisor in the second quarter worth about $4,893,000. Bank of Nova Scotia raised its holdings in shares of Tripadvisor by 159.4% during the second quarter. Bank of Nova Scotia now owns 560,633 shares of the travel company’s stock valued at $9,979,000 after buying an additional 344,525 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Tripadvisor during the second quarter valued at approximately $449,000. Assenagon Asset Management S.A. bought a new stake in shares of Tripadvisor during the second quarter valued at approximately $11,905,000. Finally, Ontario Teachers Pension Plan Board raised its holdings in shares of Tripadvisor by 211.4% during the second quarter. Ontario Teachers Pension Plan Board now owns 28,677 shares of the travel company’s stock valued at $510,000 after buying an additional 19,467 shares during the last quarter. Institutional investors own 95.69% of the company’s stock.

Tripadvisor Trading Up 1.5 %

Tripadvisor stock opened at $21.35 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 2.28 and a current ratio of 2.28. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of -305.00, a price-to-earnings-growth ratio of 0.92 and a beta of 1.26. Tripadvisor, Inc. has a 1 year low of $16.87 and a 1 year high of $30.48. The firm’s 50 day moving average price is $19.37 and its two-hundred day moving average price is $21.42.

Tripadvisor (NASDAQ:TRIP – Get Rating) last posted its quarterly earnings results on Monday, November 7th. The travel company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.13). Tripadvisor had a negative return on equity of 0.86% and a negative net margin of 0.51%. The business had revenue of $459.00 million during the quarter, compared to analyst estimates of $445.19 million.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TRIP shares. Truist Financial cut their price target on Tripadvisor from $44.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Jefferies Financial Group cut their price target on Tripadvisor from $21.00 to $18.00 and set an “underperform” rating on the stock in a report on Thursday, October 6th. StockNews.com raised Tripadvisor from a “hold” rating to a “buy” rating in a report on Saturday, November 19th. Credit Suisse Group dropped their target price on Tripadvisor to $28.00 in a report on Tuesday, November 15th. Finally, DA Davidson dropped their target price on Tripadvisor from $33.00 to $30.00 in a report on Friday, November 25th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $24.46.

Tripadvisor Profile

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TripAdvisor, Inc operates as an online travel company. It operates in two segments, Hotels, Media & Platform; and Experiences & Dining. The company operates TripAdvisor-branded websites, including tripadvisor.com in the United States; and localized versions of the website in 40 markets and 20 languages.