Public Employees Retirement System of Ohio Sells 4,950 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

Public Employees Retirement System of Ohio cut its holdings in shares of Tripadvisor, Inc. (NASDAQ:TRIPFree Report) by 9.5% in the 3rd quarter, Holdings Channel reports. The firm owned 47,247 shares of the travel company’s stock after selling 4,950 shares during the period. Public Employees Retirement System of Ohio’s holdings in Tripadvisor were worth $783,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Dark Forest Capital Management LP lifted its stake in shares of Tripadvisor by 1,227.3% in the 1st quarter. Dark Forest Capital Management LP now owns 1,699 shares of the travel company’s stock valued at $34,000 after acquiring an additional 1,571 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Tripadvisor in the 3rd quarter valued at $34,000. Bessemer Group Inc. bought a new position in shares of Tripadvisor in the 2nd quarter valued at $34,000. CWM LLC lifted its stake in shares of Tripadvisor by 1,384.6% in the 3rd quarter. CWM LLC now owns 5,018 shares of the travel company’s stock valued at $83,000 after acquiring an additional 4,680 shares during the last quarter. Finally, State of Wyoming lifted its stake in shares of Tripadvisor by 142.0% in the 2nd quarter. State of Wyoming now owns 7,783 shares of the travel company’s stock valued at $128,000 after acquiring an additional 4,567 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors.

Tripadvisor Price Performance

TRIP stock opened at $27.99 on Wednesday. The company has a market capitalization of $3.86 billion, a P/E ratio of 466.50, a price-to-earnings-growth ratio of 1.81 and a beta of 1.56. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.27 and a current ratio of 2.27. Tripadvisor, Inc. has a 52-week low of $14.15 and a 52-week high of $28.76. The business has a 50-day simple moving average of $24.97 and a two-hundred day simple moving average of $20.27.

Tripadvisor (NASDAQ:TRIPGet Free Report) last released its quarterly earnings results on Wednesday, February 14th. The travel company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.14. The business had revenue of $390.00 million during the quarter, compared to the consensus estimate of $372.93 million. Tripadvisor had a return on equity of 11.69% and a net margin of 0.56%. Research analysts expect that Tripadvisor, Inc. will post 0.88 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Ascendiant Capital Markets raised their target price on Tripadvisor from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, December 29th. UBS Group raised their target price on Tripadvisor from $21.00 to $27.00 and gave the stock a “neutral” rating in a research report on Friday, February 16th. BTIG Research raised Tripadvisor from a “neutral” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Thursday, December 14th. B. Riley reaffirmed a “buy” rating and set a $34.00 target price (up from $27.00) on shares of Tripadvisor in a research report on Friday, February 16th. Finally, StockNews.com raised Tripadvisor from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $22.94.

Check Out Our Latest Stock Analysis on Tripadvisor

Tripadvisor Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Tripadvisor (NASDAQ:TRIP)

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