New York State Teachers Retirement System Buys 1,370 Shares of Tripadvisor, Inc. (NASDAQ:TRIP)

New York State Teachers Retirement System boosted its stake in Tripadvisor, Inc. (NASDAQ:TRIP) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 130,532 shares of the travel company’s stock after acquiring an additional 1,370 shares during the period. New York State Teachers Retirement System’s holdings in Tripadvisor were worth $2,810,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC increased its stake in shares of Tripadvisor by 2,053.0% during the 4th quarter. International Assets Investment Management LLC now owns 2,153 shares of the travel company’s stock worth $46,000 after purchasing an additional 2,053 shares during the last quarter. Acorn Financial Advisory Services Inc. ADV raised its position in shares of Tripadvisor by 8.7% in the fourth quarter. Acorn Financial Advisory Services Inc. ADV now owns 64,109 shares of the travel company’s stock valued at $1,380,000 after purchasing an additional 5,105 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Tripadvisor by 20.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 140,048 shares of the travel company’s stock valued at $3,015,000 after buying an additional 23,894 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Tripadvisor by 103.4% in the 4th quarter. SG Americas Securities LLC now owns 26,536 shares of the travel company’s stock worth $571,000 after buying an additional 13,492 shares during the period. Finally, Insight Wealth Strategies LLC grew its position in shares of Tripadvisor by 14.7% in the fourth quarter. Insight Wealth Strategies LLC now owns 75,370 shares of the travel company’s stock valued at $1,623,000 after purchasing an additional 9,687 shares in the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Tripadvisor Price Performance

TRIP opened at $25.48 on Tuesday. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 1.02. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 424.67, a price-to-earnings-growth ratio of 1.66 and a beta of 1.57. The stock has a fifty day simple moving average of $26.59 and a two-hundred day simple moving average of $21.38. Tripadvisor, Inc. has a 12-month low of $14.15 and a 12-month high of $28.76.

Tripadvisor (NASDAQ:TRIP) last announced its earnings results on Wednesday, February 14th. The travel company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.14. Tripadvisor had a net margin of 0.56% and a return on equity of 11.69%. The business had revenue of $390.00 million during the quarter, compared to the consensus estimate of $372.93 million. Research analysts predict that Tripadvisor, Inc. will post 0.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TRIP. UBS Group increased their price target on shares of Tripadvisor from $21.00 to $27.00 and gave the stock a “neutral” rating in a report on Friday, February 16th. Truist Financial upped their price objective on shares of Tripadvisor from $18.00 to $28.00 and gave the stock a “hold” rating in a research report on Thursday, March 14th. B. Riley reiterated 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. Wedbush reissued a “neutral” rating and issued a $20.00 price target on shares of Tripadvisor in a report on Thursday, February 15th. Finally, TheStreet raised shares of Tripadvisor from a “d+” rating to a “c” rating in a report on Wednesday, February 14th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tripadvisor currently has an average rating of “Hold” and an average target price of $22.94.

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.