Arizona State Retirement System Lowers Stake in Tripadvisor, Inc. (NASDAQ:TRIP)

Arizona State Retirement System lessened its position in shares of Tripadvisor, Inc. (NASDAQ:TRIP) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,747 shares of the travel company’s stock after selling 1,549 shares during the period. Arizona State Retirement System’s holdings in Tripadvisor were worth $640,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Envestnet Asset Management Inc. lifted its stake in shares of Tripadvisor by 3.9% during the first quarter. Envestnet Asset Management Inc. now owns 12,368 shares of the travel company’s stock worth $335,000 after purchasing an additional 466 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Tripadvisor by 1.0% during the third quarter. Public Employees Retirement System of Ohio now owns 57,250 shares of the travel company’s stock worth $1,264,000 after purchasing an additional 570 shares in the last quarter. Yousif Capital Management LLC lifted its stake in shares of Tripadvisor by 1.2% during the first quarter. Yousif Capital Management LLC now owns 52,496 shares of the travel company’s stock worth $1,424,000 after purchasing an additional 605 shares in the last quarter. XTX Topco Ltd lifted its stake in shares of Tripadvisor by 2.9% during the second quarter. XTX Topco Ltd now owns 25,177 shares of the travel company’s stock worth $415,000 after purchasing an additional 707 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in shares of Tripadvisor by 3.6% during the first quarter. HighTower Advisors LLC now owns 25,116 shares of the travel company’s stock worth $496,000 after purchasing an additional 862 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. The Goldman Sachs Group boosted their price target on Tripadvisor from $23.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Citigroup boosted their price target on Tripadvisor from $23.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday. Truist Financial boosted their price target on Tripadvisor from $18.00 to $28.00 and gave the stock a “hold” rating in a research note on Thursday, March 14th. TheStreet upgraded Tripadvisor from a “d+” rating to a “c” rating in a research note on Wednesday, February 14th. Finally, Ascendiant Capital Markets boosted their price target on Tripadvisor from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, December 29th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Tripadvisor has an average rating of “Hold” and an average target price of $24.12.

Tripadvisor Stock Down 0.6 %

NASDAQ:TRIP opened at $25.25 on Friday. The firm has a market capitalization of $3.48 billion, a PE ratio of 420.83, a price-to-earnings-growth ratio of 1.57 and a beta of 1.57. The stock has a 50 day moving average of $26.79 and a 200-day moving average of $21.49. Tripadvisor, Inc. has a 52 week low of $14.15 and a 52 week high of $28.76. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 1.02.

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

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.